Cypress Semiconductor Corporation (NASDAQ:CY) EVP Dana Nazarian sold 250,075 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $14.10, for a total transaction of $3,526,057.50. Following the sale, the executive vice president now directly owns 302,657 shares in the company, valued at approximately $4,267,463.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Cypress Semiconductor Corporation (CY) traded down 1.13% on Tuesday, hitting $14.03. 3,918,286 shares of the stock traded hands. The stock’s market cap is $4.66 billion. Cypress Semiconductor Corporation has a 1-year low of $9.63 and a 1-year high of $15.11. The stock has a 50 day moving average of $13.97 and a 200-day moving average of $13.49.

Cypress Semiconductor Corporation (NASDAQ:CY) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.05. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. The firm had revenue of $593.80 million for the quarter, compared to analyst estimates of $546.82 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The company’s revenue was up 11.6% compared to the same quarter last year. On average, equities research analysts expect that Cypress Semiconductor Corporation will post $0.80 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, September 28th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.14%. The ex-dividend date is Wednesday, September 27th. Cypress Semiconductor Corporation’s dividend payout ratio (DPR) is presently -110.00%.

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Institutional investors have recently modified their holdings of the stock. IFP Advisors Inc raised its position in shares of Cypress Semiconductor Corporation by 11.6% in the first quarter. IFP Advisors Inc now owns 7,614 shares of the semiconductor company’s stock worth $105,000 after buying an additional 794 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Cypress Semiconductor Corporation by 101.7% in the first quarter. Nordea Investment Management AB now owns 9,121 shares of the semiconductor company’s stock worth $126,000 after buying an additional 4,600 shares during the last quarter. ClariVest Asset Management LLC raised its position in shares of Cypress Semiconductor Corporation by 101.7% in the first quarter. ClariVest Asset Management LLC now owns 9,121 shares of the semiconductor company’s stock worth $126,000 after buying an additional 4,600 shares during the last quarter. ING Groep NV purchased a new position in shares of Cypress Semiconductor Corporation during the second quarter worth $138,000. Finally, Foresters Investment Management Company Inc. purchased a new position in shares of Cypress Semiconductor Corporation during the first quarter worth $140,000. 95.87% of the stock is currently owned by hedge funds and other institutional investors.

CY has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Thursday, June 29th. TheStreet raised shares of Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a report on Thursday, July 27th. Loop Capital reissued a “buy” rating and set a $17.00 price objective on shares of Cypress Semiconductor Corporation in a report on Friday, July 28th. Bank of America Corporation reissued a “buy” rating and set a $18.00 price objective on shares of Cypress Semiconductor Corporation in a report on Thursday, May 25th. Finally, Needham & Company LLC increased their price objective on shares of Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $16.67.

About Cypress Semiconductor Corporation

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.

Insider Buying and Selling by Quarter for Cypress Semiconductor Corporation (NASDAQ:CY)

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