$0.24 EPS Expected for Cypress Semiconductor Co. (CY) This Quarter

Equities analysts expect Cypress Semiconductor Co. (NASDAQ:CY) to report $0.24 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Cypress Semiconductor’s earnings. Cypress Semiconductor posted earnings per share of $0.13 during the same quarter last year, which would indicate a positive year-over-year growth rate of 84.6%. The business is expected to announce its next earnings results on Thursday, April 26th.

According to Zacks, analysts expect that Cypress Semiconductor will report full year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.13 to $1.27. For the next financial year, analysts forecast that the business will post earnings of $1.41 per share, with EPS estimates ranging from $1.29 to $1.51. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Cypress Semiconductor.

Cypress Semiconductor (NASDAQ:CY) last posted its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. Cypress Semiconductor had a positive return on equity of 12.48% and a negative net margin of 4.02%. The company had revenue of $597.54 million for the quarter, compared to analysts’ expectations of $593.15 million. During the same period in the previous year, the firm earned $0.15 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year.

CY has been the topic of several recent research reports. BidaskClub cut Cypress Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Cypress Semiconductor in a report on Friday, October 27th. Credit Suisse Group upped their price objective on Cypress Semiconductor from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Loop Capital reaffirmed a “buy” rating and set a $20.00 price objective (up from $17.00) on shares of Cypress Semiconductor in a report on Friday, October 27th. Finally, Barclays lowered Cypress Semiconductor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $18.00 to $17.00 in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $19.04.

In other Cypress Semiconductor news, SVP Sam Geha sold 14,517 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $17.34, for a total value of $251,724.78. Following the transaction, the senior vice president now owns 41,204 shares of the company’s stock, valued at approximately $714,477.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Sudhir Gopalswamy sold 3,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $15.51, for a total value of $46,530.00. Following the completion of the transaction, the senior vice president now directly owns 68,445 shares in the company, valued at approximately $1,061,581.95. The disclosure for this sale can be found here. Insiders sold a total of 20,517 shares of company stock worth $349,495 in the last ninety days. 0.69% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. TCW Group Inc. grew its position in shares of Cypress Semiconductor by 13.8% during the 3rd quarter. TCW Group Inc. now owns 13,463,003 shares of the semiconductor company’s stock worth $202,214,000 after buying an additional 1,628,930 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Cypress Semiconductor by 34.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,262,029 shares of the semiconductor company’s stock worth $184,179,000 after buying an additional 3,116,871 shares in the last quarter. State Street Corp grew its position in shares of Cypress Semiconductor by 3.4% during the 2nd quarter. State Street Corp now owns 9,176,862 shares of the semiconductor company’s stock worth $125,265,000 after buying an additional 302,001 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Cypress Semiconductor by 3.5% during the 4th quarter. Victory Capital Management Inc. now owns 5,904,237 shares of the semiconductor company’s stock worth $89,980,000 after buying an additional 197,432 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC bought a new position in shares of Cypress Semiconductor during the 4th quarter worth $69,678,000. 98.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cypress Semiconductor (NASDAQ CY) traded down $0.20 on Friday, hitting $16.15. The stock had a trading volume of 4,488,319 shares, compared to its average volume of 6,470,000. The stock has a market cap of $5,320.00, a PE ratio of -57.68, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. Cypress Semiconductor has a twelve month low of $12.46 and a twelve month high of $17.90. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 0.53.

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About Cypress Semiconductor

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.

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