Insider Selling: Cypress Semiconductor Co. (CY) EVP Sells $51,720.00 in Stock

Cypress Semiconductor Co. (NASDAQ:CY) EVP Sudhir Gopalswamy sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now 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 is available at this link.

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 Cypress Semiconductor stock traded up $0.09 during trading on Wednesday, reaching $15.95. 5,954,200 shares of the company traded hands, compared to its average volume of 6,065,323. The company has a quick ratio of 0.82, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. Cypress Semiconductor Co. has a 1-year low of $12.50 and a 1-year high of $18.87. The company has a market capitalization of $5,790.35, a PE ratio of 26.58, a PEG ratio of 1.04 and a beta of 2.05.

Cypress Semiconductor (NASDAQ:CY) last released its earnings results on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. Cypress Semiconductor had a negative net margin of 4.02% and a positive return on equity of 12.48%. The company had revenue of $597.54 million for the quarter, compared to the consensus estimate of $593.15 million. During the same quarter in the previous year, the company earned $0.15 EPS. Cypress Semiconductor’s quarterly revenue was up 12.7% compared to the same quarter last year. sell-side analysts expect that Cypress Semiconductor Co. will post 0.92 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, March 28th. This represents a $0.44 annualized dividend and a yield of 2.76%. Cypress Semiconductor’s payout ratio is 73.33%.

Several brokerages recently issued reports on CY. Zacks Investment Research lowered shares of Cypress Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, April 3rd. SunTrust Banks reissued a “hold” rating and set a $19.00 target price on shares of Cypress Semiconductor in a report on Friday, February 2nd. Craig Hallum boosted their target price on shares of Cypress Semiconductor from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. KeyCorp boosted their target price on shares of Cypress Semiconductor from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Needham & Company LLC reissued a “buy” rating on shares of Cypress Semiconductor in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cypress Semiconductor has an average rating of “Buy” and an average target price of $19.19.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CY. Thompson Davis & CO. Inc. grew its stake in shares of Cypress Semiconductor by 750.0% in the 4th quarter. Thompson Davis & CO. Inc. now owns 8,500 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 7,500 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of Cypress Semiconductor in the 4th quarter worth $145,000. Wolverine Asset Management LLC grew its stake in shares of Cypress Semiconductor by 61.3% in the 4th quarter. Wolverine Asset Management LLC now owns 10,724 shares of the semiconductor company’s stock worth $163,000 after acquiring an additional 4,075 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Cypress Semiconductor in the 4th quarter worth $178,000. Finally, Penbrook Management LLC bought a new stake in shares of Cypress Semiconductor in the 4th quarter worth $184,000. Hedge funds and other institutional investors own 84.82% 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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