Craig Hallum reiterated their buy rating on shares of Cypress Semiconductor (NASDAQ:CY) in a research report report published on Tuesday. They currently have a $21.00 price target on the semiconductor company’s stock.
CY has been the subject of several other research reports. Loop Capital reissued a buy rating and issued a $20.00 price target on shares of Cypress Semiconductor in a report on Monday, November 20th. BidaskClub raised Cypress Semiconductor from a hold rating to a buy rating in a report on Thursday, September 21st. Needham & Company LLC reissued a buy rating and issued a $20.00 price target on shares of Cypress Semiconductor in a report on Monday, September 18th. Credit Suisse Group raised their price target on Cypress Semiconductor from $14.00 to $15.00 and gave the stock a neutral rating in a report on Friday, October 27th. Finally, Barclays downgraded Cypress Semiconductor from an overweight rating to an equal weight rating and lowered their price target for the stock from $18.00 to $17.00 in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $17.58.
Cypress Semiconductor (CY) traded up $0.02 on Tuesday, reaching $14.78. The company’s stock had a trading volume of 6,393,400 shares, compared to its average volume of 6,416,238. Cypress Semiconductor has a 52 week low of $10.86 and a 52 week high of $17.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.35 and a quick ratio of 0.92. The stock has a market capitalization of $4,924.89, a price-to-earnings ratio of 30.75, a PEG ratio of 2.66 and a beta of 2.01.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Thursday, December 28th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend 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 that occurred on Thursday, November 16th. The stock was sold at an average price of $16.60, for a total value of $49,800.00. Following the completion of the transaction, the senior vice president now directly owns 70,607 shares of the company’s stock, valued at $1,172,076.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Sam Geha sold 14,517 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were 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 $714,477.36. The disclosure for this sale can be found here. Insiders have sold 100,604 shares of company stock valued at $1,619,497 in the last ninety days. Corporate insiders own 0.69% of the company’s stock.
A number of large investors have recently made changes to their positions in CY. San Francisco Sentry Investment Group CA increased its position in shares of Cypress Semiconductor by 1,061.4% in the third quarter. San Francisco Sentry Investment Group CA now owns 6,655 shares of the semiconductor company’s stock valued at $100,000 after buying an additional 6,082 shares in the last quarter. Ffcm LLC increased its position in shares of Cypress Semiconductor by 139.2% in the second quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 4,740 shares in the last quarter. IFP Advisors Inc increased its position in shares of Cypress Semiconductor by 13.3% in the second quarter. IFP Advisors Inc now owns 8,628 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 1,014 shares in the last quarter. Thompson Davis & CO. Inc. increased its position in shares of Cypress Semiconductor by 45.6% in the second quarter. Thompson Davis & CO. Inc. now owns 10,119 shares of the semiconductor company’s stock valued at $138,000 after buying an additional 3,169 shares in the last quarter. Finally, ING Groep NV purchased a new stake in shares of Cypress Semiconductor in the second quarter valued at approximately $138,000. 97.38% of the stock is owned by institutional investors.
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.
What are top analysts saying about Cypress Semiconductor Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Cypress Semiconductor Corporation and related companies.