Cypress Semiconductor (NASDAQ:CY) issued its earnings results on Thursday. The semiconductor company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01), Morningstar.com reports. The firm had revenue of $532.20 million for the quarter, compared to the consensus estimate of $530.96 million. Cypress Semiconductor had a net margin of 13.83% and a return on equity of 19.53%. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share.

Shares of CY stock opened at $22.88 on Friday. The stock has a market capitalization of $8.45 billion, a P/E ratio of 19.72, a P/E/G ratio of 2.57 and a beta of 1.88. The business’s 50 day simple moving average is $22.31. 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 has a 12-month low of $11.75 and a 12-month high of $23.04.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Thursday, June 27th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a $0.44 dividend on an annualized basis and a yield of 1.92%. Cypress Semiconductor’s dividend payout ratio is currently 37.93%.

Several research analysts have recently commented on the company. MKM Partners reissued a “neutral” rating and issued a $23.85 price target (up from $20.00) on shares of Cypress Semiconductor in a research report on Tuesday, June 4th. Mizuho lowered Cypress Semiconductor from a “buy” rating to a “neutral” rating and upped their target price for the company from $18.00 to $23.85 in a research report on Monday, June 3rd. Zacks Investment Research lowered Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th. Piper Jaffray Companies lowered Cypress Semiconductor from an “overweight” rating to a “neutral” rating in a research report on Monday, June 3rd. Finally, Needham & Company LLC lowered Cypress Semiconductor from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Cypress Semiconductor presently has a consensus rating of “Hold” and a consensus price target of $20.34.

In other Cypress Semiconductor news, EVP Sam Geha sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $17.29, for a total transaction of $86,450.00. Following the completion of the transaction, the executive vice president now owns 120,655 shares of the company’s stock, valued at $2,086,124.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $22.45, for a total value of $67,350.00. The disclosure for this sale can be found here. Insiders have sold 62,710 shares of company stock worth $1,333,052 in the last quarter. 0.55% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the business. TCW Group Inc. raised its holdings in shares of Cypress Semiconductor by 0.4% during the first quarter. TCW Group Inc. now owns 9,521,143 shares of the semiconductor company’s stock valued at $142,055,000 after acquiring an additional 37,670 shares during the last quarter. Ceredex Value Advisors LLC increased its holdings in shares of Cypress Semiconductor by 7.4% in the first quarter. Ceredex Value Advisors LLC now owns 5,527,700 shares of the semiconductor company’s stock valued at $83,075,000 after purchasing an additional 378,900 shares during the last quarter. Villere ST Denis J & Co. LLC increased its holdings in shares of Cypress Semiconductor by 2.3% in the first quarter. Villere ST Denis J & Co. LLC now owns 5,265,327 shares of the semiconductor company’s stock valued at $78,558,000 after purchasing an additional 119,955 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Cypress Semiconductor by 14.1% in the fourth quarter. Geode Capital Management LLC now owns 3,953,810 shares of the semiconductor company’s stock valued at $50,292,000 after purchasing an additional 488,965 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Cypress Semiconductor in the fourth quarter valued at approximately $48,029,000. 81.17% of the stock is owned by institutional investors and hedge funds.

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; 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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Earnings History for Cypress Semiconductor (NASDAQ:CY)

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