Cypress Semiconductor (CY) Issues Earnings Results
Cypress Semiconductor (NASDAQ:CY) released its quarterly earnings results on Thursday. The semiconductor company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03, Bloomberg Earnings reports. Cypress Semiconductor had a positive return on equity of 15.60% and a negative net margin of 1.63%. The business had revenue of $582.24 million for the quarter, compared to the consensus estimate of $580.44 million. During the same quarter last year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Cypress Semiconductor updated its Q2 guidance to $0.27-0.31 EPS.
Shares of CY opened at $15.13 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. Cypress Semiconductor has a one year low of $12.50 and a one year high of $18.87. The stock has a market capitalization of $5,790.35, a price-to-earnings ratio of 25.22, a P/E/G ratio of 1.04 and a beta of 2.05.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th were issued a $0.11 dividend. The ex-dividend date was Wednesday, March 28th. This represents a $0.44 annualized dividend and a yield of 2.91%. Cypress Semiconductor’s dividend payout ratio (DPR) is presently 73.33%.
In other Cypress Semiconductor news, EVP Sudhir Gopalswamy sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $16.25, for a total value of $48,750.00. Following the completion of the sale, the executive vice president now directly owns 91,509 shares in the company, valued at $1,487,021.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sam Geha sold 20,652 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $17.59, for a total transaction of $363,268.68. Following the completion of the sale, the executive vice president now owns 96,029 shares of the company’s stock, valued at $1,689,150.11. The disclosure for this sale can be found here. Insiders sold 83,643 shares of company stock valued at $1,478,590 over the last 90 days. 0.43% of the stock is currently owned by company insiders.
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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