Cypress Semiconductor Co. (NASDAQ:CY)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $23.48 and last traded at $23.44, with a volume of 67355 shares trading hands. The stock had previously closed at $23.44.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Cypress Semiconductor from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Tuesday, July 30th. ValuEngine downgraded Cypress Semiconductor from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub downgraded Cypress Semiconductor from a “buy” rating to a “hold” rating in a research note on Saturday, October 12th. Finally, Mizuho restated a “hold” rating and issued a $23.85 price objective on shares of Cypress Semiconductor in a research note on Monday, July 29th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.75.

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.31 and a current ratio of 1.91. The company has a market cap of $8.66 billion, a P/E ratio of 20.22 and a beta of 1.82. The firm has a 50 day moving average price of $23.28 and a two-hundred day moving average price of $20.74.

Cypress Semiconductor (NASDAQ:CY) last posted its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $532.20 million for the quarter, compared to the consensus estimate of $530.96 million. Cypress Semiconductor had a return on equity of 19.36% and a net margin of 13.83%. The firm’s revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. On average, sell-side analysts predict that Cypress Semiconductor Co. will post 0.9 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.44 annualized dividend and a dividend yield of 1.88%. Cypress Semiconductor’s payout ratio is 37.93%.

In other news, EVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $23.38, for a total transaction of $70,140.00. Following the completion of the transaction, the executive vice president now owns 158,604 shares in the company, valued at approximately $3,708,161.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Trent Thad sold 40,000 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $23.43, for a total value of $937,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 71,000 shares of company stock valued at $1,661,880 in the last quarter. 0.55% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of CY. Point72 Hong Kong Ltd lifted its holdings in Cypress Semiconductor by 73.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,293 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 974 shares in the last quarter. Wealthcare Capital Management LLC purchased a new stake in Cypress Semiconductor during the 2nd quarter worth about $111,000. Redhawk Wealth Advisors Inc. purchased a new stake in Cypress Semiconductor during the 2nd quarter worth about $175,000. Equitec Specialists LLC purchased a new stake in Cypress Semiconductor during the 2nd quarter worth about $191,000. Finally, NN Investment Partners Holdings N.V. purchased a new stake in Cypress Semiconductor during the 2nd quarter worth about $191,000. Institutional investors own 81.01% of the company’s stock.

Cypress Semiconductor Company Profile (NASDAQ:CY)

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; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, and Bluetooth low energy; 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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