Loop Capital reaffirmed their buy rating on shares of Cypress Semiconductor Corporation (NASDAQ:CY) in a research note released on Friday morning. Loop Capital currently has a $20.00 price objective on the semiconductor company’s stock, up from their previous price objective of $17.00.

A number of other research analysts have also recently commented on the stock. Mizuho restated a buy rating and issued a $17.00 price target on shares of Cypress Semiconductor Corporation in a report on Tuesday, August 29th. KeyCorp set a $17.00 price target on shares of Cypress Semiconductor Corporation and gave the stock a buy rating in a report on Wednesday, July 26th. Barclays PLC raised shares of Cypress Semiconductor Corporation from an equal weight rating to an overweight rating in a research note on Friday, July 21st. Needham & Company LLC reaffirmed a buy rating and issued a $20.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Monday, September 18th. Finally, Craig Hallum upped their price objective on shares of Cypress Semiconductor Corporation from $17.00 to $20.00 and gave the stock a buy rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Cypress Semiconductor Corporation has a consensus rating of Buy and an average target price of $17.75.

Shares of Cypress Semiconductor Corporation (NASDAQ:CY) opened at 15.96 on Friday. The company’s market cap is $5.31 billion. Cypress Semiconductor Corporation has a one year low of $9.63 and a one year high of $16.34. The firm has a 50-day moving average of $15.17 and a 200-day moving average of $14.12.

Cypress Semiconductor Corporation (NASDAQ:CY) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04. The firm had revenue of $604.57 million for the quarter, compared to analysts’ expectations of $602.16 million. Cypress Semiconductor Corporation had a negative net margin of 5.75% and a positive return on equity of 9.01%. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share. Equities research analysts forecast that Cypress Semiconductor Corporation will post $0.84 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, September 28th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Wednesday, September 27th. Cypress Semiconductor Corporation’s payout ratio is -110.00%.

In other Cypress Semiconductor Corporation news, EVP Trent Thad sold 74,818 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $15.77, for a total transaction 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 legal filing with the SEC, which is accessible through this link. Also, EVP Dana Nazarian sold 250,075 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $14.10, for a total transaction of $3,526,057.50. Following the sale, the executive vice president now directly owns 302,657 shares of the company’s stock, valued at $4,267,463.70. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 60,000 shares of company stock valued at $834,100. Insiders own 0.69% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Cypress Semiconductor Corporation by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 28,928,330 shares of the semiconductor company’s stock valued at $398,053,000 after purchasing an additional 282,468 shares during the last quarter. BlackRock Inc. raised its position in shares of Cypress Semiconductor Corporation by 0.8% in the 2nd quarter. BlackRock Inc. now owns 27,848,587 shares of the semiconductor company’s stock valued at $380,133,000 after purchasing an additional 231,335 shares during the last quarter. FMR LLC raised its position in shares of Cypress Semiconductor Corporation by 310.3% in the 2nd quarter. FMR LLC now owns 12,371,805 shares of the semiconductor company’s stock valued at $168,875,000 after purchasing an additional 9,356,825 shares during the last quarter. State Street Corp raised its position in shares of Cypress Semiconductor Corporation by 3.4% in the 2nd quarter. State Street Corp now owns 9,176,862 shares of the semiconductor company’s stock valued at $125,265,000 after purchasing an additional 302,001 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Cypress Semiconductor Corporation by 4.4% in the 2nd quarter. Alliancebernstein L.P. now owns 8,959,470 shares of the semiconductor company’s stock valued at $122,297,000 after purchasing an additional 380,718 shares during the last quarter. 97.27% of the stock is owned by institutional investors and hedge funds.

Cypress Semiconductor Corporation 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.

Analyst Recommendations for Cypress Semiconductor Corporation (NASDAQ:CY)

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