Cypress Semiconductor Co. (NASDAQ:CY) has received an average recommendation of “Buy” from the seventeen analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $19.96.

Several equities research analysts have weighed in on CY shares. Cowen started coverage on Cypress Semiconductor in a research report on Tuesday, May 22nd. They issued an “outperform” rating and a $21.00 target price on the stock. BidaskClub raised Cypress Semiconductor from a “hold” rating to a “buy” rating in a research report on Wednesday, July 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $23.00 target price on shares of Cypress Semiconductor in a research report on Friday, July 27th. Craig Hallum increased their target price on Cypress Semiconductor from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research raised Cypress Semiconductor from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, August 1st.

In other news, EVP Sudhir Gopalswamy sold 2,017 shares of Cypress Semiconductor stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $16.80, for a total transaction of $33,885.60. Following the sale, the executive vice president now owns 122,174 shares of the company’s stock, valued at approximately $2,052,523.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 11,565 shares of company stock worth $193,534 in the last three months. 0.43% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its position in Cypress Semiconductor by 30.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 292,584 shares of the semiconductor company’s stock valued at $4,558,000 after purchasing an additional 67,777 shares during the last quarter. Global X Management Co LLC raised its position in Cypress Semiconductor by 9.4% in the 2nd quarter. Global X Management Co LLC now owns 296,802 shares of the semiconductor company’s stock valued at $4,624,000 after purchasing an additional 25,561 shares during the last quarter. California Public Employees Retirement System raised its position in Cypress Semiconductor by 5.5% in the 2nd quarter. California Public Employees Retirement System now owns 1,336,005 shares of the semiconductor company’s stock valued at $20,815,000 after purchasing an additional 70,063 shares during the last quarter. Kopp Investment Advisors LLC raised its position in Cypress Semiconductor by 68.7% in the 2nd quarter. Kopp Investment Advisors LLC now owns 245,484 shares of the semiconductor company’s stock valued at $3,825,000 after purchasing an additional 99,953 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its position in Cypress Semiconductor by 117.9% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 12,005 shares of the semiconductor company’s stock valued at $187,000 after purchasing an additional 6,495 shares during the last quarter. 82.19% of the stock is currently owned by institutional investors and hedge funds.

CY traded up $0.20 during trading hours on Friday, hitting $15.62. 343,645 shares of the stock were exchanged, compared to its average volume of 5,438,928. Cypress Semiconductor has a 12 month low of $14.02 and a 12 month high of $18.87. The stock has a market capitalization of $5.54 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 0.90 and a beta of 1.98. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.37 and a quick ratio of 0.94.

Cypress Semiconductor (NASDAQ:CY) last announced its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.08. Cypress Semiconductor had a return on equity of 18.51% and a net margin of 0.49%. The firm had revenue of $624.00 million for the quarter, compared to analysts’ expectations of $618.49 million. During the same period last year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. research analysts anticipate that Cypress Semiconductor will post 1.06 earnings per share for the current fiscal year.

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, September 26th. Cypress Semiconductor’s payout ratio is presently 73.33%.

About Cypress Semiconductor

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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Analyst Recommendations for Cypress Semiconductor (NASDAQ:CY)

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