Trade Report: The Cypress Semiconductor Corp. (CY) CFO Trent Thad Sold 11,390 Shares

The Cypress Semiconductor Corp. (CY) CFO Trent Thad Sold 11,390 Shares

Cypress Semiconductor Corp. (NASDAQ:CY) CFO Trent Thad sold 11,390 shares of Cypress Semiconductor Corp. stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $11.83, for a total transaction of $134,743.70. Following the completion of the sale, the chief financial officer now directly owns 181,606 shares in the company, valued at approximately $2,148,398.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Cypress Semiconductor Corp. (NASDAQ:CY) opened at 11.05 on Thursday. The firm has a 50-day moving average of $11.74 and a 200-day moving average of $10.49. The stock’s market cap is $3.55 billion. Cypress Semiconductor Corp. has a 1-year low of $6.30 and a 1-year high of $12.48.

Cypress Semiconductor Corp. (NASDAQ:CY) last posted its earnings results on Thursday, July 28th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. Cypress Semiconductor Corp. had a negative net margin of 37.59% and a positive return on equity of 3.26%. The firm earned $450.10 million during the quarter, compared to analyst estimates of $455.15 million. During the same period last year, the firm posted $0.15 earnings per share. Cypress Semiconductor Corp.’s revenue for the quarter was down 7.1% compared to the same quarter last year. Analysts expect that Cypress Semiconductor Corp. will post $0.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 29th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Tuesday, September 27th. Cypress Semiconductor Corp.’s dividend payout ratio (DPR) is presently -20.85%.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Cypress Semiconductor Corp. from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Tuesday, June 28th. Craig Hallum boosted their price target on shares of Cypress Semiconductor Corp. from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Morgan Stanley reissued an “equal weight” rating on shares of Cypress Semiconductor Corp. in a research report on Monday, August 15th. Needham & Company LLC boosted their price target on shares of Cypress Semiconductor Corp. from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Finally, Roth Capital reissued a “buy” rating and issued a $13.00 price target on shares of Cypress Semiconductor Corp. in a research report on Friday, September 16th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Cypress Semiconductor Corp. has an average rating of “Buy” and an average price target of $11.43.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sii Investments Inc. WI raised its position in Cypress Semiconductor Corp. by 0.4% in the second quarter. Sii Investments Inc. WI now owns 37,252 shares of the company’s stock valued at $396,000 after buying an additional 162 shares during the last quarter. Creative Planning raised its position in Cypress Semiconductor Corp. by 2.3% in the third quarter. Creative Planning now owns 22,348 shares of the company’s stock valued at $272,000 after buying an additional 502 shares during the last quarter. Gillespie Robinson & Grimm Inc. raised its position in Cypress Semiconductor Corp. by 3.6% in the second quarter. Gillespie Robinson & Grimm Inc. now owns 23,273 shares of the company’s stock valued at $246,000 after buying an additional 800 shares during the last quarter. Capstone Asset Management Co. raised its position in Cypress Semiconductor Corp. by 4.1% in the third quarter. Capstone Asset Management Co. now owns 21,801 shares of the company’s stock valued at $265,000 after buying an additional 860 shares during the last quarter. Finally, Raymond James & Associates raised its position in Cypress Semiconductor Corp. by 1.2% in the second quarter. Raymond James & Associates now owns 99,356 shares of the company’s stock valued at $1,048,000 after buying an additional 1,202 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

Cypress Semiconductor Corp. Company Profile

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