Wall Street analysts expect Cypress Semiconductor Co. (NASDAQ:CY) to report earnings per share (EPS) of $0.24 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Cypress Semiconductor’s earnings. Cypress Semiconductor posted earnings per share of $0.13 in the same quarter last year, which would indicate a positive year over year growth rate of 84.6%. The company is scheduled to report its next earnings results on Thursday, April 26th.
On average, analysts expect that Cypress Semiconductor will report full-year earnings of $1.22 per share for the current year, with EPS estimates ranging from $1.13 to $1.27. For the next financial year, analysts forecast that the firm will report earnings of $1.41 per share, with EPS estimates ranging from $1.29 to $1.51. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Cypress Semiconductor.
Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The business had revenue of $597.54 million for the quarter, compared to analysts’ expectations of $593.15 million. Cypress Semiconductor had a positive return on equity of 12.48% and a negative net margin of 4.02%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS.
In related news, SVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $17.08, for a total value of $51,240.00. Following the completion of the transaction, the senior vice president now owns 65,445 shares of the company’s stock, valued at approximately $1,117,800.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Hassane El-Khoury sold 43,991 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $17.60, for a total transaction of $774,241.60. The disclosure for this sale can be found here. Insiders have sold a total of 73,643 shares of company stock valued at $1,284,030 in the last three months. Insiders own 0.69% of the company’s stock.
Large investors have recently made changes to their positions in the stock. San Francisco Sentry Investment Group CA lifted its holdings in shares of Cypress Semiconductor by 1,061.4% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 6,655 shares of the semiconductor company’s stock valued at $100,000 after acquiring an additional 6,082 shares during the last quarter. Thompson Davis & CO. Inc. lifted its holdings in shares of Cypress Semiconductor by 750.0% in the 4th quarter. Thompson Davis & CO. Inc. now owns 8,500 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 7,500 shares during the last quarter. Contravisory Investment Management Inc. bought a new position in shares of Cypress Semiconductor in the 4th quarter valued at about $145,000. Wolverine Asset Management LLC lifted its holdings in shares of Cypress Semiconductor by 61.3% in the 4th quarter. Wolverine Asset Management LLC now owns 10,724 shares of the semiconductor company’s stock valued at $163,000 after acquiring an additional 4,075 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of Cypress Semiconductor in the 4th quarter valued at about $178,000. 85.20% of the stock is owned by hedge funds and other institutional investors.
Shares of Cypress Semiconductor (CY) traded up $0.27 on Tuesday, reaching $18.41. 5,200,000 shares of the company’s stock were exchanged, compared to its average volume of 6,730,000. The stock has a market cap of $6,540.00, a price-to-earnings ratio of -52.60, a PEG ratio of 1.18 and a beta of 2.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.82 and a current ratio of 1.22. Cypress Semiconductor has a 1-year low of $12.50 and a 1-year high of $18.55.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Wednesday, March 28th. Cypress Semiconductor’s dividend payout ratio (DPR) is presently -125.71%.
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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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