Wall Street analysts expect Cypress Semiconductor Co. (NASDAQ:CY) to post sales of $562.95 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Cypress Semiconductor’s earnings, with the lowest sales estimate coming in at $556.40 million and the highest estimate coming in at $570.41 million. Cypress Semiconductor reported sales of $604.47 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.9%. The firm is scheduled to issue its next earnings report after the market closes on Thursday, January 30th.

According to Zacks, analysts expect that Cypress Semiconductor will report full-year sales of $2.21 billion for the current year, with estimates ranging from $2.20 billion to $2.22 billion. For the next year, analysts forecast that the business will post sales of $2.34 billion, with estimates ranging from $2.32 billion to $2.36 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Cypress Semiconductor.

Cypress Semiconductor (NASDAQ:CY) last posted its earnings results on Thursday, October 24th. The semiconductor company reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. Cypress Semiconductor had a return on equity of 17.34% and a net margin of 12.74%. The company had revenue of $574.52 million for the quarter, compared to analyst estimates of $570.66 million. During the same period last year, the company earned $0.40 earnings per share. The business’s revenue was down 14.6% compared to the same quarter last year.

Several equities analysts have weighed in on the company. Cowen lowered Cypress Semiconductor from an “outperform” rating to a “market perform” rating and set a $23.85 target price on the stock. in a report on Thursday, November 14th. ValuEngine lowered Cypress Semiconductor from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Mizuho restated a “hold” rating and set a $23.85 target price on shares of Cypress Semiconductor in a report on Friday, October 25th. Finally, BidaskClub lowered Cypress Semiconductor from a “sell” rating to a “strong sell” rating in a report on Saturday, December 21st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. Cypress Semiconductor currently has an average rating of “Hold” and a consensus target price of $21.81.

In other news, CFO Trent Thad sold 21,003 shares of Cypress Semiconductor stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $23.31, for a total value of $489,579.93. Following the transaction, the chief financial officer now directly owns 255,617 shares in the company, valued at $5,958,432.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Hassane El-Khoury sold 25,000 shares of Cypress Semiconductor stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $23.45, for a total value of $586,250.00. Following the completion of the transaction, the chief executive officer now owns 364,851 shares in the company, valued at $8,555,755.95. The disclosure for this sale can be found here. Insiders sold 146,003 shares of company stock worth $3,404,830 over the last quarter. 0.55% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Covington Capital Management acquired a new stake in Cypress Semiconductor during the third quarter worth about $35,000. Liberty Wealth Management LLC acquired a new stake in Cypress Semiconductor during the third quarter worth about $41,000. Point72 Hong Kong Ltd grew its position in Cypress Semiconductor by 73.8% during the second quarter. Point72 Hong Kong Ltd now owns 2,293 shares of the semiconductor company’s stock worth $51,000 after buying an additional 974 shares in the last quarter. Quest Capital Management Inc. ADV acquired a new stake in Cypress Semiconductor during the third quarter worth about $62,000. Finally, Huntington National Bank grew its position in Cypress Semiconductor by 7.7% during the fourth quarter. Huntington National Bank now owns 9,736 shares of the semiconductor company’s stock worth $227,000 after buying an additional 700 shares in the last quarter. 78.65% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ CY traded up $0.05 during trading on Monday, hitting $23.46. 6,828,145 shares of the company traded hands, compared to its average volume of 4,605,849. Cypress Semiconductor has a 12 month low of $13.37 and a 12 month high of $23.55. The business has a fifty day simple moving average of $23.42 and a 200 day simple moving average of $23.19. The company has a current ratio of 1.71, a quick ratio of 1.22 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $8.68 billion, a P/E ratio of 30.47 and a beta of 1.84.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, December 26th were paid a $0.11 dividend. The ex-dividend date was Tuesday, December 24th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.88%. Cypress Semiconductor’s payout ratio is presently 37.93%.

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; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, and Bluetooth low energy; 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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