Cypress Semiconductor Co. (NASDAQ:CY) – Research analysts at SunTrust Banks boosted their Q1 2020 earnings per share (EPS) estimates for shares of Cypress Semiconductor in a report released on Wednesday, March 13th. SunTrust Banks analyst W. Stein now forecasts that the semiconductor company will earn $0.25 per share for the quarter, up from their previous estimate of $0.24. SunTrust Banks also issued estimates for Cypress Semiconductor’s Q3 2020 earnings at $0.32 EPS.

Cypress Semiconductor (NASDAQ:CY) last announced its quarterly earnings results on Thursday, January 31st. The semiconductor company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. Cypress Semiconductor had a return on equity of 22.01% and a net margin of 14.28%. The company had revenue of $604.47 million during the quarter, compared to analysts’ expectations of $598.72 million.

CY has been the subject of a number of other reports. BidaskClub raised Cypress Semiconductor from a “hold” rating to a “buy” rating in a research note on Saturday, February 9th. Needham & Company LLC reaffirmed a “buy” rating on shares of Cypress Semiconductor in a research report on Thursday. Bank of America reaffirmed a “buy” rating and set a $18.00 price target on shares of Cypress Semiconductor in a research report on Thursday. MKM Partners upped their price target on Cypress Semiconductor to $18.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Zacks Investment Research downgraded Cypress Semiconductor from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.32.

NASDAQ CY opened at $15.34 on Friday. Cypress Semiconductor has a 52-week low of $11.75 and a 52-week high of $18.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.64 and a quick ratio of 0.89. The company has a market cap of $5.58 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 1.77 and a beta of 1.93.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, March 27th. Cypress Semiconductor’s dividend payout ratio is 37.93%.

In other Cypress Semiconductor news, EVP Sudhir Gopalswamy sold 12,598 shares of the firm’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $14.00, for a total transaction of $176,372.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Hassane El-Khoury sold 4,300 shares of the firm’s stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $13.00, for a total value of $55,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 36,898 shares of company stock valued at $539,962 in the last ninety days. Insiders own 0.43% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Loeb Partners Corp bought a new position in Cypress Semiconductor during the 4th quarter worth $25,000. Essex Savings Bank bought a new position in shares of Cypress Semiconductor in the fourth quarter worth $25,000. Resources Investment Advisors Inc. increased its position in shares of Cypress Semiconductor by 52.1% in the fourth quarter. Resources Investment Advisors Inc. now owns 2,003 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 686 shares during the period. PRW Wealth Management LLC bought a new position in shares of Cypress Semiconductor in the fourth quarter worth $25,000. Finally, Dubuque Bank & Trust Co. bought a new position in shares of Cypress Semiconductor in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 82.04% of the company’s stock.

About Cypress Semiconductor

Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. It operates in two segments, Microcontroller and Connectivity Division, and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip and general-purpose MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, Bluetooth low energy, and ZigBee solutions; WICED development platform; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions.

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Earnings History and Estimates for Cypress Semiconductor (NASDAQ:CY)

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