Cypress Semiconductor Corporation (NASDAQ:CY) SVP Sam Geha sold 8,269 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $16.70, for a total value of $138,092.30. Following the completion of the sale, the senior vice president now owns 63,000 shares of the company’s stock, valued at $1,052,100. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Cypress Semiconductor Corporation (CY) opened at $16.92 on Tuesday. Cypress Semiconductor Corporation has a 12 month low of $10.51 and a 12 month high of $17.15. The firm has a market capitalization of $5,662.29, a P/E ratio of 35.35, a PEG ratio of 3.06 and a beta of 2.02. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 0.60.
Cypress Semiconductor Corporation (NASDAQ:CY) last announced its 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. Cypress Semiconductor Corporation had a positive return on equity of 9.01% and a negative net margin of 5.75%. The firm had revenue of $604.57 million for the quarter, compared to the consensus estimate of $602.16 million. During the same quarter in the previous year, the business earned $0.15 EPS. The company’s revenue was up 14.0% compared to the same quarter last year. research analysts forecast that Cypress Semiconductor Corporation will post 0.56 earnings per share for the current fiscal year.
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CY has been the subject of several research reports. Barclays PLC upgraded Cypress Semiconductor Corporation from an “equal weight” rating to an “overweight” rating in a research note on Friday, July 21st. KeyCorp set a $17.00 target price on Cypress Semiconductor Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Craig Hallum raised their target price on Cypress Semiconductor Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Needham & Company LLC lifted their price target on Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Loop Capital reiterated a “buy” rating and set a $17.00 price target on shares of Cypress Semiconductor Corporation in a research note on Friday, July 28th. One analyst has 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 an average rating of “Buy” and an average price target of $17.67.
Hedge funds and other institutional investors have recently made changes to their positions in the company. San Francisco Sentry Investment Group CA raised its holdings in shares of Cypress Semiconductor Corporation by 1,061.4% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 6,655 shares of the semiconductor company’s stock worth $100,000 after purchasing an additional 6,082 shares during the period. Ffcm LLC raised its holdings in shares of Cypress Semiconductor Corporation by 139.2% in the 2nd quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 4,740 shares during the period. IFP Advisors Inc raised its holdings in shares of Cypress Semiconductor Corporation by 13.3% in the 2nd quarter. IFP Advisors Inc now owns 8,628 shares of the semiconductor company’s stock worth $118,000 after purchasing an additional 1,014 shares during the period. ING Groep NV bought a new stake in shares of Cypress Semiconductor Corporation in the 2nd quarter worth approximately $138,000. Finally, Thompson Davis & CO. Inc. raised its holdings in shares of Cypress Semiconductor Corporation by 45.6% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 10,119 shares of the semiconductor company’s stock worth $138,000 after purchasing an additional 3,169 shares during the period. Hedge funds and other institutional investors own 97.58% of the company’s stock.
Cypress Semiconductor Corporation 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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