Cypress Semiconductor Corporation (NASDAQ:CY) was the recipient of some unusual options trading activity on Friday. Investors acquired 6,977 call options on the company. This is an increase of approximately 102% compared to the typical daily volume of 3,452 call options.

Cypress Semiconductor Corporation (NASDAQ:CY) opened at 14.65 on Monday. The company has a 50 day moving average of $13.79 and a 200 day moving average of $13.28. Cypress Semiconductor Corporation has a 1-year low of $9.63 and a 1-year high of $14.98. The firm’s market capitalization is $4.83 billion.

Cypress Semiconductor Corporation (NASDAQ:CY) last announced its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.06. Cypress Semiconductor Corporation had a positive return on equity of 5.31% and a negative net margin of 30.84%. The business had revenue of $532 million for the quarter, compared to analysts’ expectations of $511.41 million. During the same period in the previous year, the business posted $0.07 EPS. On average, equities research analysts anticipate that Cypress Semiconductor Corporation will post $0.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, June 29th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Tuesday, June 27th. Cypress Semiconductor Corporation’s payout ratio is presently -22.22%.

In other Cypress Semiconductor Corporation news, Director Oc Kwon sold 6,385 shares of Cypress Semiconductor Corporation stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $14.01, for a total value of $89,453.85. Following the transaction, the director now owns 69,124 shares of the company’s stock, valued at $968,427.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eric Benhamou sold 50,000 shares of the business’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $13.31, for a total transaction of $665,500.00. Following the completion of the sale, the director now directly owns 89,997 shares in the company, valued at approximately $1,197,860.07. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Huntington National Bank raised its position in Cypress Semiconductor Corporation by 23.2% in the second quarter. Huntington National Bank now owns 16,139 shares of the semiconductor company’s stock worth $220,000 after buying an additional 3,037 shares during the last quarter. State Treasurer State of Michigan raised its position in Cypress Semiconductor Corporation by 2.0% in the second quarter. State Treasurer State of Michigan now owns 135,800 shares of the semiconductor company’s stock worth $1,854,000 after buying an additional 2,600 shares during the last quarter. Peregrine Capital Management LLC raised its position in Cypress Semiconductor Corporation by 2.8% in the second quarter. Peregrine Capital Management LLC now owns 3,453,593 shares of the semiconductor company’s stock worth $47,142,000 after buying an additional 92,841 shares during the last quarter. Aperio Group LLC raised its position in Cypress Semiconductor Corporation by 11.4% in the second quarter. Aperio Group LLC now owns 65,056 shares of the semiconductor company’s stock worth $888,000 after buying an additional 6,682 shares during the last quarter. Finally, Visionary Asset Management Inc. bought a new position in Cypress Semiconductor Corporation during the second quarter worth $342,000. 95.17% of the stock is owned by institutional investors and hedge funds.

CY has been the topic of a number of research reports. Craig Hallum boosted their price objective on shares of Cypress Semiconductor Corporation from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, March 29th. Loop Capital reaffirmed a “buy” rating and set a $16.00 price target on shares of Cypress Semiconductor Corporation in a research report on Wednesday, March 29th. KeyCorp started coverage on shares of Cypress Semiconductor Corporation in a research report on Wednesday, March 29th. They set an “overweight” rating and a $17.00 price target on the stock. Pacific Crest reaffirmed an “overweight” rating and set a $17.00 price target (up from $14.00) on shares of Cypress Semiconductor Corporation in a research report on Wednesday, March 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price target (up from $14.00) on shares of Cypress Semiconductor Corporation in a research report on Wednesday, March 29th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $16.17.

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Cypress Semiconductor Corporation Company Profile

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The Company’s segments include Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD). MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions.

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