Cypress Semiconductor Corporation (NASDAQ:CY) Director J Daniel Mccranie acquired 30,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were purchased at an average price of $14.37 per share, with a total value of $431,100.00. Following the completion of the purchase, the director now owns 55,000 shares in the company, valued at approximately $790,350. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cypress Semiconductor Corporation (NASDAQ:CY) traded up 1.10% during midday trading on Thursday, hitting $14.30. The stock had a trading volume of 6,914,173 shares. Cypress Semiconductor Corporation has a 12-month low of $9.63 and a 12-month high of $15.11. The stock has a 50-day moving average price of $13.74 and a 200 day moving average price of $13.75. The firm’s market cap is $4.75 billion.

Cypress Semiconductor Corporation (NASDAQ:CY) last issued its quarterly earnings data 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. Cypress Semiconductor Corporation had a negative net margin of 6.04% and a positive return on equity of 6.27%. The business had revenue of $593.80 million during the quarter, compared to analysts’ expectations of $546.82 million. During the same period last year, the company posted $0.13 EPS. The company’s revenue was up 11.6% on a year-over-year basis. On average, equities analysts anticipate that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Thursday, September 28th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, September 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.08%. Cypress Semiconductor Corporation’s dividend payout ratio (DPR) is -110.00%.

TRADEMARK VIOLATION WARNING: “Insider Buying: Cypress Semiconductor Corporation (CY) Director Acquires 30,000 Shares of Stock” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/09/14/insider-buying-cypress-semiconductor-corporation-cy-director-acquires-30000-shares-of-stock.html.

Institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc increased its stake in shares of Cypress Semiconductor Corporation by 11.6% during 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 in the last quarter. Ffcm LLC increased its stake in shares of Cypress Semiconductor Corporation by 139.2% during the 2nd quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 4,740 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Cypress Semiconductor Corporation by 101.7% during the 1st quarter. Nordea Investment Management AB now owns 9,121 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 4,600 shares in the last quarter. ClariVest Asset Management LLC increased its stake in shares of Cypress Semiconductor Corporation by 101.7% during the 1st quarter. ClariVest Asset Management LLC now owns 9,121 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 4,600 shares in the last quarter. Finally, ING Groep NV purchased a new position in shares of Cypress Semiconductor Corporation during the 2nd quarter worth approximately $138,000. 97.36% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have commented on CY shares. Bank of America Corporation reiterated a “buy” rating and set a $18.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Thursday, May 25th. Barclays PLC upgraded Cypress Semiconductor Corporation from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $14.00 to $18.00 in a research note on Wednesday, June 28th. Zacks Investment Research upgraded Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Thursday, June 29th. KeyCorp reiterated an “overweight” rating and set a $17.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Wednesday, July 12th. Finally, Craig Hallum boosted their price objective on Cypress Semiconductor Corporation from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average 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)

Receive News & Ratings for Cypress Semiconductor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cypress Semiconductor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.