Shares of Cypress Semiconductor Corporation (NASDAQ:CY) have been assigned an average rating of “Buy” from the fifteen analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $17.11.

A number of research firms have commented on CY. BidaskClub upgraded Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley restated an “underweight” rating and issued a $13.00 target price on shares of Cypress Semiconductor Corporation in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Cypress Semiconductor Corporation in a research report on Monday, September 18th. KeyCorp restated an “overweight” rating on shares of Cypress Semiconductor Corporation in a research report on Thursday, September 14th. Finally, Craig Hallum restated a “buy” rating and issued a $20.00 target price on shares of Cypress Semiconductor Corporation in a research report on Thursday, August 31st.

Shares of Cypress Semiconductor Corporation (NASDAQ CY) traded up 0.63% during trading on Friday, reaching $14.34. The company’s stock had a trading volume of 3,428,794 shares. The company’s market capitalization is $4.77 billion. Cypress Semiconductor Corporation has a 1-year low of $9.63 and a 1-year high of $15.11. The stock has a 50 day moving average of $13.74 and a 200-day moving average of $13.78.

Cypress Semiconductor Corporation (NASDAQ:CY) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. The firm had revenue of $593.80 million for the quarter, compared to the consensus estimate of $546.82 million. During the same quarter last year, the business posted $0.13 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. On average, analysts expect that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Thursday, September 28th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, September 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.07%. Cypress Semiconductor Corporation’s payout ratio is presently -110.00%.

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In other news, EVP Dana Nazarian sold 250,075 shares of Cypress Semiconductor Corporation stock in a transaction on Friday, August 4th. The stock was sold at an average price of $14.10, for a total value of $3,526,057.50. Following the completion of the sale, the executive vice president now directly owns 302,657 shares of the company’s stock, valued at $4,267,463.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Camillo Martino acquired 10,000 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was purchased at an average cost of $12.92 per share, with a total value of $129,200.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $258,400. The disclosure for this purchase can be found here. Insiders bought 60,000 shares of company stock valued at $834,100 over the last ninety days. Insiders own 0.69% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cigna Investments Inc. New grew its stake in Cypress Semiconductor Corporation by 0.6% during the 2nd quarter. Cigna Investments Inc. New now owns 12,584 shares of the semiconductor company’s stock worth $173,000 after purchasing an additional 72 shares in the last quarter. ProShare Advisors LLC grew its stake in Cypress Semiconductor Corporation by 0.3% during the 2nd quarter. ProShare Advisors LLC now owns 47,595 shares of the semiconductor company’s stock worth $650,000 after purchasing an additional 162 shares in the last quarter. Capstone Asset Management Co. grew its stake in Cypress Semiconductor Corporation by 0.8% during the 2nd quarter. Capstone Asset Management Co. now owns 23,441 shares of the semiconductor company’s stock worth $320,000 after purchasing an additional 180 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Cypress Semiconductor Corporation by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,079 shares of the semiconductor company’s stock worth $656,000 after purchasing an additional 182 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Cypress Semiconductor Corporation by 1.6% during the 2nd quarter. Bank of Montreal Can now owns 20,158 shares of the semiconductor company’s stock worth $276,000 after purchasing an additional 324 shares in the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Cypress Semiconductor Corporation (NASDAQ:CY)

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