Shares of Cypress Semiconductor Corporation (NASDAQ:CY) have earned an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $16.55.

Several equities analysts have recently weighed in on the stock. Craig Hallum increased their price objective on shares of Cypress Semiconductor Corporation from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, March 29th. Loop Capital reiterated a “buy” rating and issued a $16.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Wednesday, March 29th. KeyCorp assumed coverage on shares of Cypress Semiconductor Corporation in a research note on Wednesday, March 29th. They issued an “overweight” rating and a $17.00 price objective on the stock. Pacific Crest reiterated an “overweight” rating and issued a $17.00 price objective (up previously from $14.00) on shares of Cypress Semiconductor Corporation in a research note on Wednesday, March 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective (up previously from $14.00) on shares of Cypress Semiconductor Corporation in a research note on Wednesday, March 29th.

Cypress Semiconductor Corporation (NASDAQ CY) traded up 1.12% during trading on Tuesday, hitting $14.47. 4,866,441 shares of the stock traded hands. The firm has a 50-day moving average price of $13.59 and a 200 day moving average price of $13.02. Cypress Semiconductor Corporation has a 52-week low of $9.63 and a 52-week high of $14.98. The company’s market cap is $4.77 billion.

Cypress Semiconductor Corporation (NASDAQ:CY) last posted its earnings results on Thursday, April 27th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.06. The business had revenue of $532 million for the quarter, compared to analysts’ expectations of $511.41 million. Cypress Semiconductor Corporation had a negative net margin of 30.84% and a positive return on equity of 5.31%. During the same quarter in the prior year, the business earned $0.07 EPS. On average, equities analysts expect that Cypress Semiconductor Corporation will post $0.72 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Shareholders of record on Thursday, June 29th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Tuesday, June 27th. Cypress Semiconductor Corporation’s payout ratio is -22.22%.

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In other Cypress Semiconductor Corporation news, Director Eric Benhamou sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $13.31, for a total transaction of $665,500.00. Following the sale, the director now owns 89,997 shares in the company, valued at approximately $1,197,860.07. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Oc Kwon sold 6,385 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $14.01, for a total transaction of $89,453.85. Following the sale, the director now owns 69,124 shares in the company, valued at approximately $968,427.24. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in CY. IFP Advisors Inc boosted its stake in Cypress Semiconductor Corporation by 11.6% in the first quarter. IFP Advisors Inc now owns 7,614 shares of the semiconductor company’s stock worth $105,000 after buying an additional 794 shares during the last quarter. Nordea Investment Management AB boosted its stake in Cypress Semiconductor Corporation by 101.7% in the first quarter. Nordea Investment Management AB now owns 9,121 shares of the semiconductor company’s stock worth $126,000 after buying an additional 4,600 shares during the last quarter. ClariVest Asset Management LLC boosted its stake in Cypress Semiconductor Corporation by 101.7% in the first quarter. ClariVest Asset Management LLC now owns 9,121 shares of the semiconductor company’s stock worth $126,000 after buying an additional 4,600 shares during the last quarter. Foresters Investment Management Company Inc. purchased a new stake in Cypress Semiconductor Corporation during the first quarter worth approximately $140,000. Finally, IMS Capital Management purchased a new stake in Cypress Semiconductor Corporation during the first quarter worth approximately $141,000. Institutional investors own 95.10% of the company’s stock.

About Cypress Semiconductor Corporation

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The Company’s segments include Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD). MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions.

Analyst Recommendations for Cypress Semiconductor Corporation (NASDAQ:CY)

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