Sudhir Gopalswamy Sells 3,000 Shares of Cypress Semiconductor Co. (NASDAQ:CY) Stock

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Cypress Semiconductor Co. (NASDAQ:CY) EVP Sudhir Gopalswamy sold 3,000 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $22.45, for a total transaction of $67,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sudhir Gopalswamy also recently made the following trade(s):

  • On Tuesday, June 18th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The shares were sold at an average price of $22.18, for a total transaction of $66,540.00.
  • On Thursday, May 16th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The shares were sold at an average price of $15.87, for a total transaction of $47,610.00.

CY stock opened at $22.38 on Friday. The firm has a 50 day simple moving average of $21.90. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.51 and a beta of 1.88. Cypress Semiconductor Co. has a 12 month low of $11.75 and a 12 month high of $22.51. The company has a quick ratio of 1.23, a current ratio of 1.82 and a debt-to-equity ratio of 0.40.

Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.19 by $0.08. The business had revenue of $539.00 million for the quarter, compared to analyst estimates of $535.13 million. Cypress Semiconductor had a net margin of 14.97% and a return on equity of 21.23%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 earnings per share. Sell-side analysts expect that Cypress Semiconductor Co. will post 0.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Thursday, June 27th were given a $0.11 dividend. The ex-dividend date was Wednesday, June 26th. This represents a $0.44 annualized dividend and a dividend yield of 1.97%. Cypress Semiconductor’s dividend payout ratio is presently 37.93%.

A number of hedge funds and other institutional investors have recently made changes to their positions in CY. Sterling Investment Advisors Ltd. purchased a new position in shares of Cypress Semiconductor in the 1st quarter valued at $30,000. Quadrant Capital Group LLC raised its stake in shares of Cypress Semiconductor by 101.0% in the 1st quarter. Quadrant Capital Group LLC now owns 2,193 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 1,102 shares during the period. Somerset Trust Co raised its stake in shares of Cypress Semiconductor by 151.6% in the 1st quarter. Somerset Trust Co now owns 2,841 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 1,712 shares during the period. Investors Research Corp purchased a new position in shares of Cypress Semiconductor in the 1st quarter valued at $57,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Cypress Semiconductor by 208.2% in the 1st quarter. Meeder Asset Management Inc. now owns 4,068 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 2,748 shares during the period. Hedge funds and other institutional investors own 81.11% of the company’s stock.

A number of equities research analysts have recently commented on CY shares. Morgan Stanley upped their target price on shares of Intact Financial from C$125.00 to C$128.00 in a report on Thursday, May 30th. Barclays reissued a “hold” rating and set a $23.00 price target on shares of Cypress Semiconductor in a report on Thursday, June 6th. Craig Hallum cut shares of Cypress Semiconductor from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. Zacks Investment Research cut shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a report on Thursday, May 9th. Finally, Needham & Company LLC cut shares of Cypress Semiconductor from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $20.34.

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; 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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