Cypress Semiconductor Corporation (NASDAQ:CY) SVP Sudhir Gopalswamy sold 3,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $16.60, for a total value of $49,800.00. Following the transaction, the senior vice president now directly owns 70,607 shares in the company, valued at $1,172,076.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Cypress Semiconductor Corporation (CY) traded down $0.82 during trading hours on Monday, hitting $15.19. The company had a trading volume of 16,775,800 shares, compared to its average volume of 6,411,392. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $5,068.37, a P/E ratio of 31.65, a P/E/G ratio of 2.74 and a beta of 2.01. Cypress Semiconductor Corporation has a twelve month low of $10.51 and a twelve month high of $17.42.
Cypress Semiconductor (NASDAQ:CY) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $604.57 million for the quarter, compared to the consensus estimate of $602.16 million. Cypress Semiconductor had a positive return on equity of 9.01% and a negative net margin of 5.75%. The business’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share. research analysts anticipate that Cypress Semiconductor Corporation will post 0.56 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in CY. San Francisco Sentry Investment Group CA grew its position in shares of Cypress Semiconductor by 1,061.4% in the third quarter. San Francisco Sentry Investment Group CA now owns 6,655 shares of the semiconductor company’s stock valued at $100,000 after purchasing an additional 6,082 shares during the last quarter. Ffcm LLC grew its position in shares of Cypress Semiconductor by 139.2% in the second quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 4,740 shares during the last quarter. IFP Advisors Inc grew its position in shares of Cypress Semiconductor by 13.3% in the second quarter. IFP Advisors Inc now owns 8,628 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 1,014 shares during the last quarter. Thompson Davis & CO. Inc. grew its position in shares of Cypress Semiconductor by 45.6% in the second quarter. Thompson Davis & CO. Inc. now owns 10,119 shares of the semiconductor company’s stock valued at $138,000 after purchasing an additional 3,169 shares during the last quarter. Finally, ING Groep NV acquired a new position in shares of Cypress Semiconductor in the second quarter valued at approximately $138,000. 97.38% of the stock is currently owned by hedge funds and other institutional investors.
CY has been the subject of several analyst reports. Loop Capital restated a “buy” rating and set a $17.00 target price on shares of Cypress Semiconductor in a research report on Tuesday, August 22nd. Mizuho restated a “buy” rating and set a $17.00 target price on shares of Cypress Semiconductor in a research report on Tuesday, August 29th. Craig Hallum reaffirmed a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor in a report on Thursday, August 31st. KeyCorp reissued an “overweight” rating on shares of Cypress Semiconductor in a research note on Thursday, September 14th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Cypress Semiconductor in a research note on Monday, September 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $17.50.
About Cypress Semiconductor
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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