Other research analysts have also issued research reports about the company. Needham & Company LLC lifted their price target on Cypress Semiconductor to $20.00 and gave the stock a buy rating in a research report on Friday, April 12th. Zacks Investment Research raised Cypress Semiconductor from a sell rating to a hold rating in a research report on Monday, March 18th. Bank of America reaffirmed a buy rating and set a $18.00 price target on shares of Cypress Semiconductor in a research report on Thursday, March 14th. MKM Partners lifted their price target on Cypress Semiconductor to $18.00 and gave the stock a buy rating in a research report on Friday, March 15th. Finally, Craig Hallum reaffirmed a buy rating and set a $18.00 price target (down previously from $20.00) on shares of Cypress Semiconductor in a research report on Friday, February 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $17.21.
Shares of NASDAQ CY opened at $16.31 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.23 and a debt-to-equity ratio of 0.40. Cypress Semiconductor has a fifty-two week low of $11.75 and a fifty-two week high of $18.59. The stock has a market cap of $6.05 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.86 and a beta of 1.96.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Thursday, June 27th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Wednesday, June 26th. Cypress Semiconductor’s payout ratio is currently 37.93%.
In related news, EVP Sam Geha sold 5,000 shares of Cypress Semiconductor stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $17.29, for a total value of $86,450.00. Following the sale, the executive vice president now directly owns 120,655 shares in the company, valued at $2,086,124.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Trent Thad sold 17,000 shares of Cypress Semiconductor stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $15.35, for a total value of $260,950.00. Following the completion of the sale, the executive vice president now owns 340,117 shares in the company, valued at $5,220,795.95. The disclosure for this sale can be found here. In the last three months, insiders sold 39,710 shares of company stock worth $631,872. Corporate insiders own 0.55% of the company’s stock.
Several institutional investors have recently bought and sold shares of CY. Essex Savings Bank purchased a new stake in Cypress Semiconductor during the fourth quarter worth $25,000. Loeb Partners Corp purchased a new stake in Cypress Semiconductor during the fourth quarter worth $25,000. Resources Investment Advisors Inc. boosted its position in Cypress Semiconductor by 52.1% during the fourth quarter. Resources Investment Advisors Inc. now owns 2,003 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 686 shares in the last quarter. PRW Wealth Management LLC purchased a new stake in Cypress Semiconductor during the fourth quarter worth $25,000. Finally, Sterling Investment Advisors Ltd. purchased a new stake in Cypress Semiconductor during the first quarter worth $30,000. Hedge funds and other institutional investors own 81.46% of the company’s stock.
Cypress Semiconductor Company Profile
Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. It operates in two segments, Microcontroller and Connectivity Division, and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip and general-purpose MCUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, and Bluetooth low energy; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions.
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