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

Cypress Semiconductor Co. (NASDAQ:CY) SVP Sudhir Gopalswamy sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $17.08, for a total transaction of $51,240.00. Following the transaction, the senior vice president now owns 65,445 shares in the company, valued at approximately $1,117,800.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, December 18th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The shares were sold at an average price of $15.51, for a total transaction of $46,530.00.
  • On Thursday, November 16th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The shares were sold at an average price of $16.60, for a total transaction of $49,800.00.

Shares of Cypress Semiconductor Co. (NASDAQ:CY) opened at $17.10 on Thursday. The stock has a market cap of $5,638.94, a P/E ratio of -42.75, a P/E/G ratio of 1.94 and a beta of 2.02. Cypress Semiconductor Co. has a fifty-two week low of $10.99 and a fifty-two week high of $17.42. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 0.60.

Cypress Semiconductor (NASDAQ:CY) last released its earnings results on Thursday, October 26th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.04. The company had revenue of $604.57 million during the quarter, compared to analyst estimates of $602.16 million. Cypress Semiconductor had a negative net margin of 5.75% and a positive return on equity of 9.01%. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS. analysts predict that Cypress Semiconductor Co. will post 0.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Thursday, December 28th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.57%. The ex-dividend date is Wednesday, December 27th. Cypress Semiconductor’s dividend payout ratio is -110.00%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its holdings in Cypress Semiconductor by 3.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,344,934 shares of the semiconductor company’s stock valued at $18,359,000 after buying an additional 44,547 shares in the last quarter. Prudential Financial Inc. grew its holdings in Cypress Semiconductor by 1.4% during the 2nd quarter. Prudential Financial Inc. now owns 205,098 shares of the semiconductor company’s stock valued at $2,800,000 after buying an additional 2,870 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Cypress Semiconductor by 10.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,207 shares of the semiconductor company’s stock valued at $167,000 after buying an additional 1,156 shares in the last quarter. State of Tennessee Treasury Department purchased a new stake in Cypress Semiconductor during the 2nd quarter valued at approximately $1,365,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Cypress Semiconductor by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,079 shares of the semiconductor company’s stock valued at $656,000 after buying an additional 182 shares in the last quarter. 97.38% of the stock is owned by institutional investors.

CY has been the topic of several recent research reports. Loop Capital reiterated a “buy” rating and issued a $20.00 price objective (up previously from $17.00) on shares of Cypress Semiconductor in a research note on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Cypress Semiconductor in a research note on Friday, October 27th. BidaskClub cut shares of Cypress Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 21st. Morgan Stanley reiterated an “underweight” rating and issued a $14.50 price objective on shares of Cypress Semiconductor in a research note on Wednesday, December 13th. Finally, Craig Hallum reiterated a “buy” rating and issued a $21.00 price objective on shares of Cypress Semiconductor in a research note on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $18.25.

TRADEMARK VIOLATION NOTICE: This piece of content was published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2018/01/18/sudhir-gopalswamy-sells-3000-shares-of-cypress-semiconductor-co-cy-stock.html.

Cypress Semiconductor Company Profile

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The Company’s segments include Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD). MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions.

Insider Buying and Selling by Quarter for Cypress Semiconductor (NASDAQ:CY)

Receive News & Ratings for Cypress Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cypress Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply