Cypress Semiconductor Corporation (NASDAQ:CY) Director Camillo Martino acquired 10,000 shares of the stock in a transaction on Monday, August 21st. The stock was bought at an average price of $12.92 per share, with a total value of $129,200.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $258,400. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Cypress Semiconductor Corporation (CY) traded down 1.37% on Monday, hitting $12.94. 4,101,425 shares of the stock traded hands. The stock’s market cap is $4.30 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 $14.01 and a 200-day moving average of $13.62.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, September 28th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Wednesday, September 27th. Cypress Semiconductor Corporation’s dividend payout ratio is presently -110.00%.

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CY has been the subject of several research reports. Mizuho restated a “buy” rating and issued a $16.00 price objective on shares of Cypress Semiconductor Corporation in a research report on Monday, April 24th. Zacks Investment Research upgraded shares of Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, May 2nd. Stephens restated an “overweight” rating on shares of Cypress Semiconductor Corporation in a research report on Tuesday, May 9th. Bank of America Corporation restated a “buy” rating and issued a $18.00 price objective on shares of Cypress Semiconductor Corporation in a research report on Thursday, May 25th. Finally, Barclays PLC upgraded shares of Cypress Semiconductor Corporation from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $14.00 to $18.00 in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Cypress Semiconductor Corporation currently has a consensus rating of “Buy” and a consensus target price of $16.67.

A number of hedge funds have recently added to or reduced their stakes in CY. IFP Advisors Inc boosted its position in 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. Ffcm LLC boosted its position in Cypress Semiconductor Corporation by 139.2% in the second quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock worth $109,000 after buying an additional 4,740 shares during the last quarter. Nordea Investment Management AB boosted its position in 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 boosted its position in 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. Finally, ING Groep NV acquired a new position in Cypress Semiconductor Corporation during the second quarter worth about $138,000. 96.92% of the stock is owned by institutional investors and hedge funds.

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.

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

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