Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Cypress Semiconductor (CY) Share Price

News headlines about Cypress Semiconductor (NASDAQ:CY) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cypress Semiconductor earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 45.3909847255291 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s rankings:

Shares of Cypress Semiconductor (NASDAQ:CY) traded up $0.10 during mid-day trading on Thursday, hitting $16.27. 4,197,100 shares of the stock traded hands, compared to its average volume of 6,250,000. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.35 and a quick ratio of 0.92. Cypress Semiconductor has a 52 week low of $10.99 and a 52 week high of $17.42. The company has a market capitalization of $5,430.00, a P/E ratio of -40.68, a price-to-earnings-growth ratio of 1.82 and a beta of 2.01.

Cypress Semiconductor (NASDAQ:CY) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.04. Cypress Semiconductor had a negative net margin of 5.75% and a positive return on equity of 9.01%. The company had revenue of $604.57 million during the quarter, compared to the consensus estimate of $602.16 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The firm’s revenue was up 14.0% compared to the same quarter last year. sell-side analysts predict that Cypress Semiconductor will post 0.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Thursday, December 28th will be 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 of this dividend is Wednesday, December 27th. Cypress Semiconductor’s dividend payout ratio is -110.00%.

Several brokerages have commented on CY. BidaskClub raised shares of Cypress Semiconductor from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Craig Hallum reaffirmed a “buy” rating and issued a $21.00 target price on shares of Cypress Semiconductor in a research note on Tuesday, December 5th. Loop Capital reaffirmed a “buy” rating and issued a $20.00 target price (up previously from $17.00) on shares of Cypress Semiconductor in a research note on Friday, October 27th. Susquehanna Bancshares began coverage on shares of Cypress Semiconductor in a research note on Wednesday, December 13th. They issued a “positive” rating and a $20.00 target price for the company. Finally, Barclays downgraded shares of Cypress Semiconductor from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $18.00 to $17.00 in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Cypress Semiconductor presently has a consensus rating of “Buy” and an average price target of $18.04.

In related news, EVP Trent Thad sold 74,818 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 172,105 shares in the company, valued at $2,714,095.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $15.51, for a total transaction of $46,530.00. Following the transaction, the senior vice president now owns 68,445 shares of the company’s stock, valued at approximately $1,061,581.95. The disclosure for this sale can be found here. Insiders have sold 103,604 shares of company stock valued at $1,666,027 in the last 90 days. 0.69% of the stock is currently owned by corporate insiders.

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Cypress Semiconductor 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.

Insider Buying and Selling by Quarter for Cypress Semiconductor (NASDAQ:CY)

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