Equities analysts expect that Cypress Semiconductor Co. (NASDAQ:CY) will post earnings of $0.38 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Cypress Semiconductor’s earnings, with estimates ranging from $0.37 to $0.38. Cypress Semiconductor reported earnings of $0.27 per share in the same quarter last year, which would suggest a positive year over year growth rate of 40.7%. The business is scheduled to issue its next quarterly earnings report on Thursday, October 25th.

On average, analysts expect that Cypress Semiconductor will report full year earnings of $1.34 per share for the current year, with EPS estimates ranging from $1.32 to $1.35. For the next fiscal year, analysts forecast that the company will report earnings of $1.48 per share, with EPS estimates ranging from $1.33 to $1.54. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Cypress Semiconductor.

Cypress Semiconductor (NASDAQ:CY) last released its earnings results on Thursday, July 26th. The semiconductor company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08. The firm had revenue of $624.00 million for the quarter, compared to the consensus estimate of $618.49 million. Cypress Semiconductor had a net margin of 0.49% and a return on equity of 18.51%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 EPS.

Several analysts recently commented on CY shares. Zacks Investment Research raised shares of Cypress Semiconductor from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Tuesday, May 1st. Barclays reissued a “hold” rating and set a $18.00 price objective on shares of Cypress Semiconductor in a research report on Sunday, July 29th. BidaskClub raised shares of Cypress Semiconductor from a “hold” rating to a “buy” rating in a research report on Wednesday, July 11th. Mizuho reissued a “buy” rating on shares of Cypress Semiconductor in a research report on Friday, April 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $23.00 price objective on shares of Cypress Semiconductor in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $19.96.

In other news, EVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $16.45, for a total value of $49,350.00. Following the transaction, the executive vice president now owns 120,734 shares in the company, valued at approximately $1,986,074.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael S. Wishart sold 5,900 shares of the stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $16.90, for a total transaction of $99,710.00. Following the completion of the transaction, the director now owns 77,923 shares in the company, valued at approximately $1,316,898.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,283 shares of company stock worth $457,453. Insiders own 0.43% of the company’s stock.

Large investors have recently modified their holdings of the company. Institutional & Family Asset Management LLC bought a new position in shares of Cypress Semiconductor in the 1st quarter worth approximately $132,000. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Cypress Semiconductor in the 2nd quarter worth approximately $159,000. Hartford Investment Management Co. bought a new position in shares of Cypress Semiconductor in the 2nd quarter worth approximately $170,000. Commerzbank Aktiengesellschaft FI bought a new stake in Cypress Semiconductor during the 2nd quarter worth approximately $171,000. Finally, Wedbush Securities Inc. bought a new stake in Cypress Semiconductor during the 1st quarter worth approximately $177,000. Hedge funds and other institutional investors own 83.68% of the company’s stock.

CY stock traded down $0.98 during trading on Thursday, hitting $16.71. 8,792,354 shares of the stock traded hands, compared to its average volume of 5,009,392. Cypress Semiconductor has a 1 year low of $12.50 and a 1 year high of $18.87. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 1.03 and a beta of 2.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 1.37.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 18th. Stockholders of record on Thursday, September 27th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Wednesday, September 26th. Cypress Semiconductor’s payout ratio is presently 73.33%.

Cypress Semiconductor Company Profile

Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. It operates in two segments, Microcontroller and Connectivity Division, and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip and general-purpose MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, Bluetooth low energy, and ZigBee solutions; WICED development platform; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions.

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