Cypress Semiconductor Co. (NASDAQ:CY) CEO Sells $446,400.00 in Stock

Cypress Semiconductor Co. (NASDAQ:CY) CEO Hassane El-Khoury sold 20,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $22.32, for a total value of $446,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hassane El-Khoury also recently made the following trade(s):

  • On Monday, June 3rd, Hassane El-Khoury sold 20,000 shares of Cypress Semiconductor stock. The stock was sold at an average price of $22.16, for a total value of $443,200.00.

NASDAQ CY opened at $22.34 on Friday. Cypress Semiconductor Co. has a twelve month low of $11.75 and a twelve month high of $22.48. The company has a quick ratio of 1.23, a current ratio of 1.82 and a debt-to-equity ratio of 0.40. The firm has a market cap of $8.16 billion, a PE ratio of 19.43, a PEG ratio of 2.51 and a beta of 1.88. The business’s 50-day simple moving average is $20.00.

Cypress Semiconductor (NASDAQ:CY) last issued its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.08. Cypress Semiconductor had a return on equity of 21.23% and a net margin of 14.97%. The firm had revenue of $539.00 million for the quarter, compared to analyst estimates of $535.13 million. During the same period in the previous year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. As a group, sell-side analysts predict that Cypress Semiconductor Co. will post 0.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Thursday, June 27th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, June 26th. This represents a $0.44 annualized dividend and a yield of 1.97%. Cypress Semiconductor’s dividend payout ratio is 37.93%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc grew its stake in shares of Cypress Semiconductor by 8.2% in the 3rd quarter. Vanguard Group Inc now owns 37,219,787 shares of the semiconductor company’s stock valued at $539,316,000 after purchasing an additional 2,820,094 shares during the period. TCW Group Inc. grew its stake in shares of Cypress Semiconductor by 0.4% in the 1st quarter. TCW Group Inc. now owns 9,521,143 shares of the semiconductor company’s stock valued at $142,055,000 after purchasing an additional 37,670 shares during the period. Ceredex Value Advisors LLC grew its stake in shares of Cypress Semiconductor by 7.4% in the 1st quarter. Ceredex Value Advisors LLC now owns 5,527,700 shares of the semiconductor company’s stock valued at $83,075,000 after purchasing an additional 378,900 shares during the period. Villere ST Denis J & Co. LLC grew its stake in shares of Cypress Semiconductor by 2.3% in the 1st quarter. Villere ST Denis J & Co. LLC now owns 5,265,327 shares of the semiconductor company’s stock valued at $78,558,000 after purchasing an additional 119,955 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Cypress Semiconductor by 14.1% in the 4th quarter. Geode Capital Management LLC now owns 3,953,810 shares of the semiconductor company’s stock valued at $50,292,000 after purchasing an additional 488,965 shares during the period. Hedge funds and other institutional investors own 81.11% of the company’s stock.

CY has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of Cypress Semiconductor in a research report on Monday, April 1st. MKM Partners boosted their price objective on Cypress Semiconductor to $18.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Bank of America reissued a “buy” rating and set a $18.00 price objective on shares of Cypress Semiconductor in a research report on Thursday, March 14th. Zacks Investment Research raised Cypress Semiconductor from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. Finally, Susquehanna Bancshares cut Cypress Semiconductor from a “positive” rating to a “neutral” rating in a research report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Cypress Semiconductor has a consensus rating of “Hold” and a consensus target price of $20.34.

About Cypress Semiconductor

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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