Cypress Semiconductor Corporation (CY) Getting Somewhat Positive Press Coverage, Study Finds
News headlines about Cypress Semiconductor Corporation (NASDAQ:CY) have trended somewhat positive on Thursday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cypress Semiconductor Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 45.1177742246672 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
- Cypress Semiconductor Corporation (CY) Stock Rating Upgraded by BidaskClub (topix.com)
- Stop Chasing High Dividends: Cypress Semiconductor Corporation (CY) generates Yield of 2.77% – Voice Of Analysts (analystsbuzz.com)
- Cypress Semiconductor Corporation (NASDAQ: CY) – Hair-Raising Facts to Know – Alpha Beta Stock (alphabetastock.com)
- Cypress Semiconductor (CY) Plans $130M Convertible Notes Offering – StreetInsider.com (streetinsider.com)
- Cypress Semiconductor: A Nice Run, But It’s All Out Of Catalysts Now – Benzinga (benzinga.com)
A number of brokerages recently issued reports on CY. KeyCorp reiterated an “overweight” rating and set a $17.00 target price on shares of Cypress Semiconductor Corporation in a research report on Wednesday, July 12th. Barclays PLC upgraded shares of Cypress Semiconductor Corporation from an “equal weight” rating to an “overweight” rating in a research report on Friday, July 21st. BidaskClub upgraded shares of Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Craig Hallum reiterated a “buy” rating and set a $20.00 target price on shares of Cypress Semiconductor Corporation in a research report on Thursday, August 31st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Cypress Semiconductor Corporation in a research report on Monday, September 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $17.67.
Cypress Semiconductor Corporation (NASDAQ:CY) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.04. The firm had revenue of $604.57 million during the quarter, compared to the consensus estimate of $602.16 million. Cypress Semiconductor Corporation had a positive return on equity of 9.01% and a negative net margin of 5.75%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, September 28th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.77%. The ex-dividend date was Wednesday, September 27th. Cypress Semiconductor Corporation’s payout ratio is -110.00%.
In other Cypress Semiconductor Corporation news, Director Camillo Martino bought 10,000 shares of the stock in a transaction on Monday, August 21st. The stock was purchased at an average price of $12.92 per share, with a total value of $129,200.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at $258,400. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Catherine P. Lego bought 20,000 shares of the stock in a transaction on Wednesday, September 6th. The shares were acquired at an average cost of $13.69 per share, with a total value of $273,800.00. The disclosure for this purchase can be found here. In 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.
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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.
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