Cypress Semiconductor Corporation (CY) EVP Trent Thad Sells 74,818 Shares of Stock

Cypress Semiconductor Corporation (NASDAQ:CY) EVP Trent Thad sold 74,818 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $15.77, for a total value of $1,179,879.86. Following the completion of the sale, the executive vice president now directly owns 172,105 shares of the company’s stock, valued at $2,714,095.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Cypress Semiconductor Corporation (NASDAQ:CY) opened at 15.65 on Thursday. The company’s market cap is $5.20 billion. The company’s 50-day moving average price is $14.72 and its 200 day moving average price is $13.98. Cypress Semiconductor Corporation has a 1-year low of $9.63 and a 1-year high of $16.11.

Cypress Semiconductor Corporation (NASDAQ:CY) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. The business had revenue of $593.80 million during the quarter, compared to analyst estimates of $546.82 million. During the same quarter in the prior year, the business posted $0.13 EPS. Cypress Semiconductor Corporation’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, analysts predict that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, September 28th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, September 27th. Cypress Semiconductor Corporation’s dividend payout ratio (DPR) is presently -110.00%.

TRADEMARK VIOLATION NOTICE: This report was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://ledgergazette.com/2017/10/19/cypress-semiconductor-corporation-cy-evp-trent-thad-sells-74818-shares-of-stock.html.

CY has been the subject of a number of recent research reports. Barclays PLC raised Cypress Semiconductor Corporation from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $14.00 to $18.00 in a research report on Wednesday, June 28th. Mizuho reissued a “buy” rating and issued a $17.00 target price on shares of Cypress Semiconductor Corporation in a research report on Tuesday, August 29th. KeyCorp set a $17.00 target price on Cypress Semiconductor Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Cypress Semiconductor Corporation in a research report on Monday, September 18th. Finally, Craig Hallum raised their target price on Cypress Semiconductor Corporation from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. Cypress Semiconductor Corporation currently has an average rating of “Buy” and a consensus price target of $17.09.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc lifted its holdings in shares of Cypress Semiconductor Corporation by 144.8% in the 1st quarter. Legal & General Group Plc now owns 215,915 shares of the semiconductor company’s stock valued at $2,971,000 after acquiring an additional 127,706 shares during the last quarter. Advisors Capital Management LLC lifted its stake in Cypress Semiconductor Corporation by 3.3% in the second quarter. Advisors Capital Management LLC now owns 1,616,935 shares of the semiconductor company’s stock worth $22,071,000 after purchasing an additional 51,688 shares during the last quarter. UBS Group AG lifted its stake in Cypress Semiconductor Corporation by 33.9% in the first quarter. UBS Group AG now owns 623,603 shares of the semiconductor company’s stock worth $8,580,000 after purchasing an additional 157,889 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Cypress Semiconductor Corporation by 4.0% in the second quarter. Teacher Retirement System of Texas now owns 25,734 shares of the semiconductor company’s stock worth $351,000 after purchasing an additional 989 shares during the last quarter. Finally, Northpointe Capital LLC lifted its stake in Cypress Semiconductor Corporation by 69.2% in the second quarter. Northpointe Capital LLC now owns 541,074 shares of the semiconductor company’s stock worth $7,386,000 after purchasing an additional 221,288 shares during the last quarter. 97.05% of the stock is owned by institutional investors and hedge funds.

About Cypress Semiconductor Corporation

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.

Shares of Cypress Semiconductor Corporation (NASDAQ:CY) opened at 15.65 on Thursday. The company’s market cap is $5.20 billion. The company’s 50-day moving average price is $14.72 and its 200 day moving average price is $13.98. Cypress Semiconductor Corporation has a 1-year low of $9.63 and a 1-year high of $16.11.

Cypress Semiconductor Corporation (NASDAQ:CY) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. The business had revenue of $593.80 million during the quarter, compared to analyst estimates of $546.82 million. During the same quarter in the prior year, the business posted $0.13 EPS. Cypress Semiconductor Corporation’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, analysts predict that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, September 28th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, September 27th. Cypress Semiconductor Corporation’s dividend payout ratio (DPR) is presently -110.00%.

TRADEMARK VIOLATION NOTICE: This report was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://ledgergazette.com/2017/10/19/cypress-semiconductor-corporation-cy-evp-trent-thad-sells-74818-shares-of-stock.html.

CY has been the subject of a number of recent research reports. Barclays PLC raised Cypress Semiconductor Corporation from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $14.00 to $18.00 in a research report on Wednesday, June 28th. Mizuho reissued a “buy” rating and issued a $17.00 target price on shares of Cypress Semiconductor Corporation in a research report on Tuesday, August 29th. KeyCorp set a $17.00 target price on Cypress Semiconductor Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Cypress Semiconductor Corporation in a research report on Monday, September 18th. Finally, Craig Hallum raised their target price on Cypress Semiconductor Corporation from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. Cypress Semiconductor Corporation currently has an average rating of “Buy” and a consensus price target of $17.09.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc lifted its holdings in shares of Cypress Semiconductor Corporation by 144.8% in the 1st quarter. Legal & General Group Plc now owns 215,915 shares of the semiconductor company’s stock valued at $2,971,000 after acquiring an additional 127,706 shares during the last quarter. Advisors Capital Management LLC lifted its stake in Cypress Semiconductor Corporation by 3.3% in the second quarter. Advisors Capital Management LLC now owns 1,616,935 shares of the semiconductor company’s stock worth $22,071,000 after purchasing an additional 51,688 shares during the last quarter. UBS Group AG lifted its stake in Cypress Semiconductor Corporation by 33.9% in the first quarter. UBS Group AG now owns 623,603 shares of the semiconductor company’s stock worth $8,580,000 after purchasing an additional 157,889 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Cypress Semiconductor Corporation by 4.0% in the second quarter. Teacher Retirement System of Texas now owns 25,734 shares of the semiconductor company’s stock worth $351,000 after purchasing an additional 989 shares during the last quarter. Finally, Northpointe Capital LLC lifted its stake in Cypress Semiconductor Corporation by 69.2% in the second quarter. Northpointe Capital LLC now owns 541,074 shares of the semiconductor company’s stock worth $7,386,000 after purchasing an additional 221,288 shares during the last quarter. 97.05% of the stock is owned by institutional investors and hedge funds.

About Cypress Semiconductor Corporation

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.

Insider Buying and Selling by Quarter for Cypress Semiconductor Corporation (NASDAQ:CY)

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