Wall Street brokerages forecast that Cypress Semiconductor Co. (NASDAQ:CY) will report $593.73 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Cypress Semiconductor’s earnings. The highest sales estimate is $598.20 million and the lowest is $592.48 million. Cypress Semiconductor reported sales of $530.17 million in the same quarter last year, which indicates a positive year over year growth rate of 12%. The business is scheduled to report its next quarterly earnings report on Thursday, February 1st.

On average, analysts expect that Cypress Semiconductor will report full-year sales of $593.73 million for the current year, with estimates ranging from $2.32 billion to $2.33 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.47 billion per share, with estimates ranging from $2.40 billion to $2.56 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Cypress Semiconductor.

Cypress Semiconductor (NASDAQ:CY) last announced its earnings results on Thursday, October 26th. The semiconductor company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.04. Cypress Semiconductor had a negative net margin of 5.75% and a positive return on equity of 9.01%. The firm had revenue of $604.57 million for the quarter, compared to analysts’ expectations of $602.16 million. During the same quarter in the previous year, the business posted $0.15 EPS. The company’s quarterly revenue was up 14.0% on a year-over-year basis.

Several equities analysts have recently issued reports on the company. BidaskClub raised Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of Cypress Semiconductor in a research report on Monday, October 9th. Bank of America reaffirmed a “buy” rating on shares of Cypress Semiconductor in a research report on Sunday, October 1st. Zacks Investment Research lowered Cypress Semiconductor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $21.00 price target on shares of Cypress Semiconductor in a research report on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $18.25.

Shares of Cypress Semiconductor (NASDAQ CY) opened at $17.07 on Tuesday. Cypress Semiconductor has a fifty-two week low of $10.99 and a fifty-two week high of $17.42. The company has a market cap of $5,700.00, a price-to-earnings ratio of -42.68, a PEG ratio of 1.96 and a beta of 2.01. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.60.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Thursday, December 28th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Wednesday, December 27th. Cypress Semiconductor’s dividend payout ratio (DPR) is -110.00%.

In other Cypress Semiconductor news, SVP Sudhir Gopalswamy sold 3,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $15.51, for a total value of $46,530.00. Following the completion of the transaction, the senior vice president now owns 68,445 shares of the company’s stock, valued at approximately $1,061,581.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Sam Geha sold 14,517 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $17.34, for a total value of $251,724.78. Following the completion of the transaction, the senior vice president now directly owns 41,204 shares of the company’s stock, valued at approximately $714,477.36. The disclosure for this sale can be found here. In the last three months, insiders sold 28,786 shares of company stock valued at $486,147. 0.69% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA increased its position in shares of Cypress Semiconductor by 1,061.4% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 6,655 shares of the semiconductor company’s stock valued at $100,000 after purchasing an additional 6,082 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Cypress Semiconductor by 10.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,207 shares of the semiconductor company’s stock valued at $167,000 after acquiring an additional 1,156 shares during the period. ClariVest Asset Management LLC grew its stake in shares of Cypress Semiconductor by 80.6% during the 3rd quarter. ClariVest Asset Management LLC now owns 12,321 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 5,500 shares during the period. Nordea Investment Management AB grew its stake in shares of Cypress Semiconductor by 80.6% during the 3rd quarter. Nordea Investment Management AB now owns 12,321 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 5,500 shares during the period. Finally, Janus Henderson Group PLC bought a new position in shares of Cypress Semiconductor during the 3rd quarter valued at approximately $204,000. 97.38% of the stock is owned by hedge funds and other institutional investors.

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Cypress Semiconductor 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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