Roth Capital restated their buy rating on shares of Cypress Semiconductor Corp. (NASDAQ:CY) in a research note published on Friday morning. They currently have a $13.00 target price on the stock.

Analyst Recommendations for Cypress Semiconductor Corp. (NASDAQ:CY)

CY has been the topic of a number of other reports. Morgan Stanley reiterated an equal weight rating on shares of Cypress Semiconductor Corp. in a research report on Monday, August 15th. Zacks Investment Research upgraded shares of Cypress Semiconductor Corp. from a sell rating to a hold rating in a research report on Tuesday, August 9th. Needham & Company LLC increased their price objective on shares of Cypress Semiconductor Corp. from $12.00 to $14.00 and gave the company a buy rating in a report on Friday, July 29th. Pacific Crest increased their price objective on shares of Cypress Semiconductor Corp. from $11.00 to $14.00 and gave the company an overweight rating in a report on Friday, July 29th. Finally, Craig Hallum increased their price objective on shares of Cypress Semiconductor Corp. from $12.00 to $14.00 and gave the company a buy rating in a report on Friday, July 29th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Cypress Semiconductor Corp. currently has a consensus rating of Buy and a consensus price target of $11.43.

Cypress Semiconductor Corp. (NASDAQ:CY) opened at 11.82 on Friday. The firm’s 50-day moving average is $11.53 and its 200 day moving average is $10.15. The stock’s market capitalization is $3.80 billion. Cypress Semiconductor Corp. has a 52-week low of $6.30 and a 52-week high of $12.48.

Cypress Semiconductor Corp. (NASDAQ:CY) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.12 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. The firm had revenue of $450.10 million for the quarter, compared to analysts’ expectations of $455.15 million. Cypress Semiconductor Corp. had a negative net margin of 37.59% and a positive return on equity of 3.26%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. On average, equities analysts forecast that Cypress Semiconductor Corp. will post $0.46 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 29th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Tuesday, September 27th. Cypress Semiconductor Corp.’s dividend payout ratio is -20.85%.

In related news, Director H Raymond Bingham sold 15,000 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $11.65, for a total value of $174,750.00. Following the completion of the transaction, the director now owns 40,276 shares of the company’s stock, valued at $469,215.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Eric Benhamou sold 50,000 shares of the firm’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $11.83, for a total transaction of $591,500.00. Following the completion of the transaction, the director now directly owns 218,538 shares of the company’s stock, valued at approximately $2,585,304.54. The disclosure for this sale can be found here. Insiders own 6.33% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CY. ING Groep NV acquired a new position in Cypress Semiconductor Corp. during the second quarter worth $123,556,000. Element Capital Management LLC acquired a new position in Cypress Semiconductor Corp. during the second quarter worth $9,495,000. Norges Bank acquired a new position in Cypress Semiconductor Corp. during the fourth quarter worth $26,341,000. Dimensional Fund Advisors LP increased its position in Cypress Semiconductor Corp. by 33.8% in the second quarter. Dimensional Fund Advisors LP now owns 10,099,777 shares of the company’s stock worth $106,535,000 after buying an additional 2,553,068 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new position in Cypress Semiconductor Corp. during the second quarter worth $18,889,000. 96.60% of the stock is owned by institutional investors and hedge funds.

About Cypress Semiconductor Corp.

Cypress Semiconductor Corporation delivers solutions from automotive, industrial and networking platforms to interactive consumer and mobile devices. The Company’s segments include Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division.

5 Day Chart for NASDAQ:CY

Receive News & Ratings for Cypress Semiconductor Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cypress Semiconductor Corp. and related companies with MarketBeat.com's FREE daily email newsletter.