Cypress Semiconductor Co. (NASDAQ:CY) EVP Sudhir Gopalswamy sold 3,000 shares of the business’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $14.00, for a total value of $42,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Sudhir Gopalswamy also recently made the following trade(s):

  • On Wednesday, October 17th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The stock was sold at an average price of $14.00, for a total value of $42,000.00.
  • On Monday, September 17th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The stock was sold at an average price of $15.39, for a total value of $46,170.00.

CY stock opened at $13.35 on Wednesday. Cypress Semiconductor Co. has a fifty-two week low of $11.75 and a fifty-two week high of $18.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.02 and a current ratio of 1.43. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 1.07 and a beta of 2.09.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Thursday, December 27th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Wednesday, December 26th. Cypress Semiconductor’s dividend payout ratio is 73.33%.

A number of research analysts have recently issued reports on CY shares. Barclays reaffirmed a “hold” rating and set a $18.00 price target on shares of Cypress Semiconductor in a report on Sunday, July 29th. Zacks Investment Research raised Cypress Semiconductor from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a report on Wednesday, August 1st. TheStreet raised Cypress Semiconductor from a “c+” rating to a “b” rating in a report on Friday, July 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $23.00 price target on shares of Cypress Semiconductor in a report on Friday, July 27th. Finally, Craig Hallum upped their price target on Cypress Semiconductor from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, July 27th. Three analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $18.35.

A number of hedge funds have recently bought and sold shares of CY. Raymond James Trust N.A. bought a new position in Cypress Semiconductor in the third quarter valued at about $151,000. grace capital purchased a new stake in Cypress Semiconductor in the second quarter worth about $156,000. Vantage Financial Partners Ltd. Inc. purchased a new stake in Cypress Semiconductor in the second quarter worth about $159,000. GWM Advisors LLC purchased a new stake in Cypress Semiconductor in the third quarter worth about $160,000. Finally, Hartford Investment Management Co. purchased a new stake in Cypress Semiconductor in the second quarter worth about $170,000. 81.53% of the stock is currently owned by institutional investors.

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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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