Cypress Semiconductor Co. (NASDAQ:CY) declared a quarterly dividend on Wednesday, February 24th, MarketBeat Ratings reports. Stockholders of record on Thursday, March 31st will be given a dividend of 0.11 per share on Thursday, April 21st. This represents a $0.44 annualized dividend and a dividend yield of 5.63%.

In related news, CEO Thurman J. Rodgers acquired 25,000 shares of the stock in a transaction dated Monday, February 8th. The stock was acquired at an average cost of $6.66 per share, with a total value of $166,500.00. Following the completion of the transaction, the chief executive officer now owns 8,553,816 shares in the company, valued at approximately $56,968,414.56. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

A number of equities research analysts recently issued reports on CY shares. Zacks Investment Research downgraded shares of Cypress Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, January 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price target on shares of Cypress Semiconductor in a research note on Thursday, January 7th. Vetr downgraded shares of Cypress Semiconductor from a “strong-buy” rating to a “buy” rating and set a $12.06 target price on the stock. in a research note on Monday, November 30th. Oppenheimer initiated coverage on shares of Cypress Semiconductor in a research note on Monday, December 14th. They issued an “outperform” rating and a $14.00 target price on the stock. Finally, Mizuho reduced their target price on shares of Cypress Semiconductor from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, January 29th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $11.60.

Shares of Cypress Semiconductor (NASDAQ:CY) traded up 2.36% on Wednesday, reaching $7.81. 6,910,578 shares of the company’s stock traded hands. The firm’s market capitalization is $2.60 billion. Cypress Semiconductor has a 52 week low of $6.30 and a 52 week high of $16.25. The firm’s 50 day moving average is $7.75 and its 200 day moving average is $9.33.

Cypress Semiconductor (NASDAQ:CY) last released its earnings results on Thursday, January 28th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The firm earned $456.40 million during the quarter, compared to analyst estimates of $445.22 million. The business’s revenue was up 147.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. Analysts expect that Cypress Semiconductor will post $0.45 earnings per share for the current fiscal year.

Cypress Semiconductor Corporation is a provider of mixed-signal programmable solutions. The Company’s offerings include PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. It caters to markets, including industrial, mobile handsets, consumer, computation, data communications, automotive and military.

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