Shares of Cypress Semiconductor Co. (NASDAQ:CY) have received a consensus rating of “Buy” from the sixteen brokerages that are currently covering the company, MarketBeat.Com reports. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $11.85.

In other Cypress Semiconductor news, CEO Thurman J. Rodgers acquired 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 8th. The stock was bought at an average cost of $6.66 per share, with a total value of $166,500.00. Following the acquisition, the chief executive officer now owns 8,553,816 shares in the company, valued at $56,968,414.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. Three Peaks Capital Management increased its position in Cypress Semiconductor by 19.9% in the fourth quarter. Three Peaks Capital Management now owns 569,259 shares of the company’s stock valued at $5,584,000 after buying an additional 94,291 shares during the period. Norman Fields, Gottscho Capital Management purchased a new position in shares of Cypress Semiconductor during the fourth quarter valued at approximately $1,319,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of Cypress Semiconductor by 1.7% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,494,313 shares of the company’s stock valued at $14,659,000 after buying an additional 25,226 shares during the last quarter.



CY has been the topic of a number of research analyst reports. Sterne Agee CRT cut their price objective on shares of Cypress Semiconductor from $15.00 to $11.00 in a research report on Tuesday, January 19th. Pacific Crest cut their price objective on shares of Cypress Semiconductor from $13.00 to $11.00 in a research report on Friday, January 29th. Mizuho reissued a “buy” rating and set a $18.00 price objective on shares of Cypress Semiconductor in a research report on Tuesday, December 22nd. Needham & Company LLC reissued a “buy” rating and set a $12.00 price objective on shares of Cypress Semiconductor in a research report on Friday, December 4th. Finally, Vetr cut shares of Cypress Semiconductor from a “strong-buy” rating to a “buy” rating and set a $12.06 price objective on the stock. in a research report on Monday, November 30th.

Shares of Cypress Semiconductor (NASDAQ:CY) traded up 1.8740% during midday trading on Monday, hitting $8.0073. The stock had a trading volume of 2,723,719 shares. The stock’s 50-day moving average price is $7.65 and its 200 day moving average price is $9.28. Cypress Semiconductor has a 52 week low of $6.30 and a 52 week high of $16.25. The company’s market cap is $2.66 billion.

Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings data on Thursday, January 28th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.13. The company had revenue of $456.40 million for the quarter, compared to the consensus estimate of $445.22 million. Cypress Semiconductor’s revenue for the quarter was up 147.9% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. On average, equities analysts forecast that Cypress Semiconductor will post $0.45 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 21st. Investors of record on Thursday, March 31st will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 5.60%. The ex-dividend date is Tuesday, March 29th.

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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