News headlines about Cypress Semiconductor (NASDAQ:CY) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cypress Semiconductor earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 45.9867631444141 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- BRIEF-Cypress Semiconductor – Co Entered Into Amendment No. 7 To Amended, Restated Credit, Guaranty Agreement – Reuters (reuters.com)
- Cypress Semiconductor Sees Its Composite Rating Rise To 96 (investors.com)
- Cypress Delivers Robust Wireless Connectivity to Raspberry Pi 3 Model B+ IoT Single Board Computer (finance.yahoo.com)
- Sam Geha Sells 10,000 Shares of Cypress Semiconductor Co. (CY) Stock (americanbankingnews.com)
- Cypress Semiconductor Continues to Impress With Bullish Charts and Indicators (finance.yahoo.com)
A number of analysts recently issued reports on CY shares. BidaskClub raised Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 6th. Piper Jaffray Companies started coverage on Cypress Semiconductor in a research report on Monday, December 18th. They set an “overweight” rating and a $20.00 price objective for the company. Zacks Investment Research cut Cypress Semiconductor from a “buy” rating to a “sell” rating in a research report on Thursday, February 1st. Mizuho reissued a “buy” rating and set a $20.00 price objective (up previously from $18.00) on shares of Cypress Semiconductor in a research report on Friday, January 12th. Finally, Morgan Stanley reissued an “underweight” rating and set a $14.50 price objective on shares of Cypress Semiconductor in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $19.04.
Cypress Semiconductor (NASDAQ:CY) traded up $0.19 during midday trading on Friday, reaching $18.60. The company’s stock had a trading volume of 13,317,828 shares, compared to its average volume of 6,256,223. Cypress Semiconductor has a one year low of $12.50 and a one year high of $18.87. The company has a current ratio of 1.22, a quick ratio of 0.82 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $6,590.00, a price-to-earnings ratio of -53.14, a P/E/G ratio of 1.18 and a beta of 2.07.
Cypress Semiconductor (NASDAQ:CY) last posted its earnings results on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. Cypress Semiconductor had a positive return on equity of 12.48% and a negative net margin of 4.02%. The company had revenue of $597.54 million for the quarter, compared to analyst estimates of $593.15 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year. analysts forecast that Cypress Semiconductor will post 0.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.44 annualized dividend and a yield of 2.37%. Cypress Semiconductor’s dividend payout ratio (DPR) is currently -125.71%.
In other news, EVP Sam Geha sold 10,000 shares of Cypress Semiconductor stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $18.49, for a total value of $184,900.00. Following the transaction, the executive vice president now directly owns 64,447 shares in the company, valued at $1,191,625.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Hassane El-Khoury sold 43,991 shares of Cypress Semiconductor stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $17.60, for a total value of $774,241.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,643 shares of company stock worth $1,468,930. Corporate insiders own 0.69% of the company’s stock.
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.
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