Insider Selling: Cypress Semiconductor Co. (CY) EVP Sells 3,000 Shares of Stock

Cypress Semiconductor Co. (NASDAQ:CY) EVP Sudhir Gopalswamy sold 3,000 shares of the business’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $17.24, for a total transaction of $51,720.00. Following the sale, the executive vice president now directly owns 123,125 shares of the company’s stock, valued at $2,122,675. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Sudhir Gopalswamy also recently made the following trade(s):

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  • On Friday, March 16th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The shares were sold at an average price of $18.57, for a total transaction of $55,710.00.
  • 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.

Shares of NASDAQ:CY traded down $0.21 during midday trading on Wednesday, hitting $17.29. 5,091,366 shares of the company’s stock traded hands, compared to its average volume of 6,067,950. 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 $6,173.51, a price-to-earnings ratio of 28.82, a PEG ratio of 1.11 and a beta of 2.05. Cypress Semiconductor Co. has a twelve month low of $12.50 and a twelve month high of $18.87.

Cypress Semiconductor (NASDAQ:CY) last posted its earnings results on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The business 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 quarter in the previous year, the business posted $0.15 EPS. analysts predict that Cypress Semiconductor Co. will post 0.92 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Investors of record on Thursday, March 29th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.44 annualized dividend and a dividend yield of 2.54%. Cypress Semiconductor’s payout ratio is 73.33%.

CY has been the subject of several research reports. SunTrust Banks reissued a “hold” rating and set a $19.00 price objective on shares of Cypress Semiconductor in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Cypress Semiconductor from a “strong sell” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, January 31st. Mizuho reissued a “buy” rating and set a $20.00 price objective (up from $18.00) on shares of Cypress Semiconductor in a research note on Friday, January 12th. BidaskClub raised shares of Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. Finally, Piper Jaffray reissued a “buy” rating and set a $22.00 price objective on shares of Cypress Semiconductor in a research note on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Cypress Semiconductor presently has a consensus rating of “Buy” and an average target price of $19.19.

Several large investors have recently bought and sold shares of CY. Thompson Davis & CO. Inc. lifted its holdings in shares of Cypress Semiconductor by 750.0% during the 4th quarter. Thompson Davis & CO. Inc. now owns 8,500 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 7,500 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Cypress Semiconductor during the 4th quarter valued at $145,000. Wolverine Asset Management LLC lifted its holdings in shares of Cypress Semiconductor by 61.3% during the 4th quarter. Wolverine Asset Management LLC now owns 10,724 shares of the semiconductor company’s stock valued at $163,000 after acquiring an additional 4,075 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Cypress Semiconductor during the 4th quarter valued at $178,000. Finally, Penbrook Management LLC acquired a new position in shares of Cypress Semiconductor during the 4th quarter valued at $184,000. Institutional investors and hedge funds own 85.05% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Cypress Semiconductor (NASDAQ:CY)

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