Cypress Semiconductor Co. (CY) Receives $18.21 Average PT from Analysts

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Cypress Semiconductor Co. (NASDAQ:CY) has earned an average rating of “Hold” from the seventeen ratings firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $18.21.

A number of analysts have issued reports on CY shares. ValuEngine downgraded shares of Cypress Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. BidaskClub upgraded shares of Cypress Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, September 22nd. Morgan Stanley reduced their price target on shares of Cypress Semiconductor from $15.00 to $13.00 and set an “underweight” rating on the stock in a report on Monday, September 24th. Zacks Investment Research downgraded shares of Cypress Semiconductor from a “strong-buy” rating to a “sell” rating in a report on Wednesday, September 26th. Finally, MKM Partners started coverage on shares of Cypress Semiconductor in a report on Thursday, October 4th. They issued a “buy” rating and a $20.00 price target on the stock.

In other Cypress Semiconductor news, EVP Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock in a transaction on Monday, September 17th. The shares were sold at an average price of $15.39, for a total value of $46,170.00. Following the completion of the transaction, the executive vice president now directly owns 114,157 shares of the company’s stock, valued at approximately $1,756,876.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 9,000 shares of company stock valued at $136,290 over the last three months. Corporate insiders own 0.43% of the company’s stock.

Several large investors have recently modified their holdings of the business. Cornerstone Wealth Management LLC purchased a new position in shares of Cypress Semiconductor during the 2nd quarter worth about $290,000. grace capital purchased a new position in shares of Cypress Semiconductor during the 2nd quarter worth about $156,000. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Cypress Semiconductor during the 2nd quarter worth about $159,000. Raymond James Trust N.A. purchased a new position in shares of Cypress Semiconductor during the 3rd quarter worth about $151,000. Finally, Hartford Investment Management Co. purchased a new position in shares of Cypress Semiconductor during the 2nd quarter worth about $170,000. 82.65% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ CY opened at $12.94 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.43. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 1.01 and a beta of 2.09. Cypress Semiconductor has a 52-week low of $11.75 and a 52-week high of $18.87.

Cypress Semiconductor (NASDAQ:CY) last announced its quarterly earnings results on Thursday, October 25th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $673.04 million for the quarter, compared to the consensus estimate of $669.62 million. Cypress Semiconductor had a net margin of 2.08% and a return on equity of 21.26%. On average, equities analysts forecast that Cypress Semiconductor will post 1.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 18th. Shareholders of record on Thursday, September 27th were paid a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, September 26th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.40%. Cypress Semiconductor’s payout ratio is currently 73.33%.

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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Analyst Recommendations for Cypress Semiconductor (NASDAQ:CY)

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