Cypress Semiconductor Co. (NASDAQ:CY) EVP Sudhir Gopalswamy sold 3,000 shares of the company’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $18.57, for a total transaction of $55,710.00. Following the sale, the executive vice president now directly owns 126,125 shares of the company’s stock, valued at $2,342,141.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Sudhir Gopalswamy also recently made the following trade(s):
- On Friday, February 16th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The shares were sold at an average price of $16.25, for a total transaction of $48,750.00.
- On Tuesday, January 16th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The shares were sold at an average price of $17.08, for a total transaction of $51,240.00.
NASDAQ:CY traded up $0.49 during midday trading on Thursday, reaching $17.55. The stock had a trading volume of 6,663,165 shares, compared to its average volume of 6,157,465. Cypress Semiconductor Co. has a 1-year low of $12.50 and a 1-year high of $18.87. The company has a current ratio of 1.22, a quick ratio of 0.82 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $6,044.60, a PE ratio of 29.25, a PEG ratio of 1.08 and a beta of 2.05.
Cypress Semiconductor (NASDAQ:CY) last posted its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The company had revenue of $597.54 million for the quarter, compared to analyst estimates of $593.15 million. Cypress Semiconductor had a negative net margin of 4.02% and a positive return on equity of 12.48%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. analysts anticipate that Cypress Semiconductor Co. will post 0.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Wednesday, March 28th. Cypress Semiconductor’s payout ratio is 73.33%.
Several large investors have recently added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its holdings in shares of Cypress Semiconductor by 13.7% during the 4th quarter. CIBC Asset Management Inc now owns 26,478 shares of the semiconductor company’s stock worth $404,000 after acquiring an additional 3,200 shares during the period. Aperio Group LLC lifted its holdings in Cypress Semiconductor by 4.9% during the 3rd quarter. Aperio Group LLC now owns 68,257 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 3,201 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in Cypress Semiconductor by 1.6% during the 4th quarter. Macquarie Group Ltd. now owns 203,872 shares of the semiconductor company’s stock valued at $3,107,000 after purchasing an additional 3,222 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Cypress Semiconductor by 12.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 29,582 shares of the semiconductor company’s stock valued at $451,000 after purchasing an additional 3,361 shares during the last quarter. Finally, CLS Investments LLC lifted its holdings in Cypress Semiconductor by 22.2% during the 4th quarter. CLS Investments LLC now owns 18,925 shares of the semiconductor company’s stock valued at $288,000 after purchasing an additional 3,438 shares during the last quarter. 85.05% of the stock is owned by institutional investors.
CY has been the topic of several research reports. Susquehanna Bancshares began coverage on shares of Cypress Semiconductor in a research note on Wednesday, December 13th. They set a “positive” rating and a $20.00 price objective on the stock. Morgan Stanley restated an “underweight” rating and issued a $14.50 target price on shares of Cypress Semiconductor in a research report on Wednesday, December 13th. Piper Jaffray started coverage on shares of Cypress Semiconductor in a report on Monday, December 18th. They issued an “overweight” rating and a $20.00 price objective for the company. Zacks Investment Research cut shares of Cypress Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Finally, BidaskClub upgraded shares of Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.19.
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Cypress Semiconductor Company Profile
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.
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