Cypress Semiconductor Corporation (NASDAQ:CY) Director Catherine P. Lego bought 20,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were acquired at an average price of $13.69 per share, for a total transaction of $273,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Cypress Semiconductor Corporation (NASDAQ CY) traded down 0.51% during midday trading on Thursday, reaching $13.64. The company had a trading volume of 2,732,149 shares. Cypress Semiconductor Corporation has a 52-week low of $9.63 and a 52-week high of $15.11. The company’s market capitalization is $4.54 billion. The company’s 50 day moving average is $13.84 and its 200-day moving average is $13.72.

Cypress Semiconductor Corporation (NASDAQ:CY) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. The firm had revenue of $593.80 million during the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. Equities analysts expect that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Thursday, September 28th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Wednesday, September 27th. Cypress Semiconductor Corporation’s payout ratio is -110.00%.

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A number of large investors have recently modified their holdings of CY. Capstone Asset Management Co. boosted its stake in Cypress Semiconductor Corporation by 3.9% in the 1st quarter. Capstone Asset Management Co. now owns 23,261 shares of the semiconductor company’s stock worth $320,000 after purchasing an additional 880 shares during the period. Nisa Investment Advisors LLC boosted its stake in Cypress Semiconductor Corporation by 80.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 95,739 shares of the semiconductor company’s stock worth $1,317,000 after purchasing an additional 42,600 shares during the period. IFP Advisors Inc boosted its stake in Cypress Semiconductor Corporation by 11.6% in the 1st quarter. IFP Advisors Inc now owns 7,614 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 794 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Cypress Semiconductor Corporation by 1.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 114,455 shares of the semiconductor company’s stock worth $1,575,000 after purchasing an additional 1,600 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in Cypress Semiconductor Corporation by 5.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 196,803 shares of the semiconductor company’s stock worth $2,705,000 after purchasing an additional 10,482 shares during the period. Hedge funds and other institutional investors own 97.36% of the company’s stock.

Several brokerages have recently commented on CY. KeyCorp reissued an “overweight” rating and set a $17.00 price target on shares of Cypress Semiconductor Corporation in a research note on Wednesday, July 12th. Barclays PLC raised Cypress Semiconductor Corporation from an “equal weight” rating to an “overweight” rating in a research note on Friday, July 21st. Craig Hallum reissued a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor Corporation in a research note on Thursday, August 31st. Zacks Investment Research lowered Cypress Semiconductor Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Finally, Mizuho reissued a “buy” rating and set a $17.00 price target on shares of Cypress Semiconductor Corporation in a research note on Tuesday, August 29th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $16.75.

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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