Cypress Semiconductor Corp. Director Lloyd Carney Sells 69,681 Shares (CY)
Cypress Semiconductor Corp. (NYSE:CY) Director Lloyd Carney sold 69,681 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $10.17, for a total value of $708,655.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on CY shares. Analysts at Zacks reiterated a “neutral” rating on shares of Cypress Semiconductor Corp. in a research note to investors on Friday, January 24th. They now have a $11.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Cypress Semiconductor Corp. from a “sell” rating to a “neutral” rating in a research note to investors on Monday, December 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.32.
Shares of Cypress Semiconductor Corp. (NYSE:CY) traded down 0.89% on Wednesday, hitting $10.07. 4,023,946 shares of the company’s stock traded hands. Cypress Semiconductor Corp. has a 52-week low of $8.61 and a 52-week high of $13.23. The stock’s 50-day moving average is $10.17 and its 200-day moving average is $10.49. The company’s market cap is $1.526 billion.
Cypress Semiconductor Corp. (NYSE:CY) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.01. The company had revenue of $167.78 million for the quarter, compared to the consensus estimate of $166.47 million. During the same quarter last year, the company posted $0.05 earnings per share. Cypress Semiconductor Corp.’s revenue was down 11.1% compared to the same quarter last year. On average, analysts predict that Cypress Semiconductor Corp. will post $0.50 earnings per share for the current fiscal year.
Cypress Semiconductor Corporation (NYSE:CY), delivers high-performance, mixed-signal and programmable solutions.
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