Cypress Semiconductor Corp. (CY) Announces Quarterly Earnings, Meets Expectations
Cypress Semiconductor Corp. (NYSE:CY) issued its quarterly earnings data on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07, Analyst Ratings Network reports. The company had revenue of $170.28 million for the quarter, compared to the consensus estimate of $169.00 million.
Cypress Semiconductor Corp. (NYSE:CY) opened at 9.74 on Thursday. Cypress Semiconductor Corp. has a 1-year low of $8.61 and a 1-year high of $13.23. The stock has a 50-day moving average of $10.14 and a 200-day moving average of $9.80. The company’s market cap is $1.503 billion.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, April 17th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Tuesday, March 25th.
A number of analysts have recently weighed in on CY shares. Analysts at Zacks upgraded shares of Cypress Semiconductor Corp. from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 10th. They now have a $12.00 price target on the stock. On the ratings front, analysts at Pacific Crest downgraded shares of Cypress Semiconductor Corp. from an “outperform” rating to a “sector perform” rating in a research note on Thursday, February 27th. They now have a $11.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $11.15.
Cypress Semiconductor Corporation (NYSE:CY), delivers high-performance, mixed-signal and programmable solutions.
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