TheStreet upgraded shares of Cypress Semiconductor Corporation (NASDAQ:CY) from a c rating to a b- rating in a research report report published on Thursday.

A number of other equities analysts also recently weighed in on CY. Craig Hallum boosted their price target on Cypress Semiconductor Corporation from $15.00 to $17.00 and gave the stock a buy rating in a research report on Wednesday, March 29th. Loop Capital reissued a buy rating and set a $16.00 price target on shares of Cypress Semiconductor Corporation in a research report on Wednesday, March 29th. KeyCorp initiated coverage on Cypress Semiconductor Corporation in a research report on Wednesday, March 29th. They set an overweight rating and a $17.00 price target on the stock. Pacific Crest reissued an overweight rating and set a $17.00 price target (up previously from $14.00) on shares of Cypress Semiconductor Corporation in a research report on Wednesday, March 29th. Finally, Needham & Company LLC reissued a buy rating and set a $18.00 price target (up previously from $14.00) on shares of Cypress Semiconductor Corporation in a research report on Wednesday, March 29th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Cypress Semiconductor Corporation has an average rating of Buy and a consensus price target of $16.67.

Shares of Cypress Semiconductor Corporation (CY) opened at 14.66 on Thursday. Cypress Semiconductor Corporation has a 52 week low of $9.63 and a 52 week high of $15.11. The company’s 50-day moving average price is $13.89 and its 200 day moving average price is $13.41. The company’s market cap is $4.84 billion.

Cypress Semiconductor Corporation (NASDAQ:CY) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The firm had revenue of $593.80 million for the quarter, compared to the consensus estimate of $546.82 million. Cypress Semiconductor Corporation had a positive return on equity of 6.21% and a negative net margin of 6.04%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 earnings per share. On average, equities analysts forecast that Cypress Semiconductor Corporation will post $0.72 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Thursday, June 29th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Tuesday, June 27th. Cypress Semiconductor Corporation’s dividend payout ratio is presently -110.00%.

In related news, Director Oc Kwon sold 6,385 shares of the business’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 value of $89,453.85. Following the completion of the sale, the director now directly owns 69,124 shares in the company, valued at $968,427.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Eric Benhamou sold 50,000 shares of the business’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 value of $665,500.00. Following the completion of the sale, the director now owns 89,997 shares of the company’s stock, valued at $1,197,860.07. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

Several large investors have recently modified their holdings of CY. Vanguard Group Inc. boosted its stake in shares of Cypress Semiconductor Corporation by 1.0% in the first quarter. Vanguard Group Inc. now owns 28,928,330 shares of the semiconductor company’s stock valued at $398,053,000 after buying an additional 282,468 shares during the period. BlackRock Inc. boosted its stake in shares of Cypress Semiconductor Corporation by 13,107.4% in the first quarter. BlackRock Inc. now owns 27,617,252 shares of the semiconductor company’s stock valued at $380,014,000 after buying an additional 27,408,148 shares during the period. TCW Group Inc. boosted its stake in shares of Cypress Semiconductor Corporation by 19.0% in the first quarter. TCW Group Inc. now owns 11,876,197 shares of the semiconductor company’s stock valued at $163,416,000 after buying an additional 1,895,279 shares during the period. Epoch Investment Partners Inc. boosted its stake in shares of Cypress Semiconductor Corporation by 15.9% in the first quarter. Epoch Investment Partners Inc. now owns 8,918,409 shares of the semiconductor company’s stock valued at $122,718,000 after buying an additional 1,225,130 shares during the period. Finally, State Street Corp boosted its stake in shares of Cypress Semiconductor Corporation by 3.0% in the first quarter. State Street Corp now owns 8,874,861 shares of the semiconductor company’s stock valued at $122,116,000 after buying an additional 260,449 shares during the period. Institutional investors and hedge funds own 95.17% 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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