Cypress Semiconductor Co. Plans Quarterly Dividend of $0.11 (CY)
Cypress Semiconductor (NYSE:CY) announced a quarterly dividend on Wednesday, August 20th, Analyst RN reports. Stockholders of record on Thursday, September 25th will be paid a dividend of 0.11 per share on Thursday, October 16th. This represents a $0.44 annualized dividend and a dividend yield of 4.04%.
CY has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Cypress Semiconductor in a research note on Friday, July 18th. They now have a $11.00 price target on the stock. On a related note, analysts at RBC Capital raised their price target on shares of Cypress Semiconductor from $12.00 to $13.00 in a research note on Friday, July 18th. They now have an “outperform” rating on the stock. Finally, analysts at Sterne Agee reiterated a “positive” rating on shares of Cypress Semiconductor in a research note on Wednesday, June 4th. They now have a $10.32 price target on the stock, down previously from $13.00. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.03.
Shares of Cypress Semiconductor (NYSE:CY) traded up 2.30% during mid-day trading on Wednesday, hitting $10.905. 2,263,103 shares of the company’s stock traded hands. Cypress Semiconductor has a one year low of $8.61 and a one year high of $12.01. The stock’s 50-day moving average is $10.4 and its 200-day moving average is $10.1. The company’s market cap is $1.737 billion.
Cypress Semiconductor (NYSE:CY) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.04. The company had revenue of $183.60 million for the quarter, compared to the consensus estimate of $183.82 million. During the same quarter last year, the company posted $0.14 earnings per share. Cypress Semiconductor’s revenue was down 5.1% compared to the same quarter last year. On average, analysts predict that Cypress Semiconductor will post $0.54 earnings per share for the current fiscal year.
Cypress Semiconductor Corporation (NYSE:CY), delivers high-performance, mixed-signal and programmable solutions.