News headlines about Cypress Semiconductor (NASDAQ:CY) have been trending somewhat positive on Tuesday, Accern reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cypress Semiconductor earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 45.861824387239 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Moving Averages Information in Focus – Cypress Semiconductor Corporation (NASDAQ: CY) – Stocks Pen (stockspen.com)
- Bloom Energy’s IPO Plan Is Back on Track – Wall Street Journal (wsj.com)
- Cypress Semiconductor Co. (CY) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- Edited Transcript of CY earnings conference call or presentation 1-Feb-18 9:30pm GMT (finance.yahoo.com)
- BRIEF-Cypress Semiconductor – Co Entered Into Amendment No. 7 To Amended, Restated Credit, Guaranty Agreement – Reuters (reuters.com)
Cypress Semiconductor (NASDAQ:CY) traded up $0.21 during midday trading on Tuesday, hitting $18.18. 4,425,544 shares of the company were exchanged, compared to its average volume of 6,317,215. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.22 and a quick ratio of 0.82. The stock has a market cap of $6,602.78, a P/E ratio of -64.93, a price-to-earnings-growth ratio of 1.19 and a beta of 2.07. Cypress Semiconductor has a 1 year low of $12.50 and a 1 year high of $18.87.
Cypress Semiconductor (NASDAQ:CY) last posted its earnings results on Thursday, February 1st. The semiconductor company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. The firm had revenue of $597.54 million for the quarter, compared to the consensus estimate of $593.15 million. Cypress Semiconductor had a negative net margin of 4.02% and a positive return on equity of 12.48%. The company’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. equities analysts expect that Cypress Semiconductor will post 0.92 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Investors of record on Thursday, March 29th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Wednesday, March 28th. Cypress Semiconductor’s dividend payout ratio (DPR) is -157.14%.
Several brokerages recently weighed in on CY. Zacks Investment Research raised shares of Cypress Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. SunTrust Banks reissued a “hold” rating and issued a $19.00 price objective on shares of Cypress Semiconductor in a research report on Friday, February 2nd. Craig Hallum increased their price objective on shares of Cypress Semiconductor from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. KeyCorp increased their price objective on shares of Cypress Semiconductor from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Needham & Company LLC reissued a “buy” rating on shares of Cypress Semiconductor in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $19.04.
In related news, EVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction on Friday, March 16th. The shares were sold at an average price of $18.57, for a total transaction of $55,710.00. Following the completion of the sale, the executive vice president now owns 126,125 shares in the company, valued at approximately $2,342,141.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Sam Geha sold 10,000 shares of the stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $18.49, for a total transaction of $184,900.00. Following the sale, the executive vice president now owns 64,447 shares of the company’s stock, valued at approximately $1,191,625.03. The disclosure for this sale can be found here. Insiders sold a total of 83,643 shares of company stock worth $1,478,110 over the last ninety days. Insiders own 0.69% of the company’s stock.
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About Cypress Semiconductor
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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