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

Cypress Semiconductor Co. (NASDAQ:CY) EVP Sudhir Gopalswamy sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $17.24, for a total transaction of $51,720.00. Following the transaction, the executive vice president now directly owns 123,125 shares in the company, valued at approximately $2,122,675. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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  • On Friday, March 16th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The shares were sold at an average price of $18.57, for a total transaction of $55,710.00.
  • On Friday, February 16th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The shares were sold at an average price of $16.25, for a total transaction of $48,750.00.

NASDAQ:CY opened at $16.53 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.82 and a debt-to-equity ratio of 0.53. The company has a market cap of $6,191.42, a price-to-earnings ratio of 27.02, a P/E/G ratio of 1.11 and a beta of 2.05. Cypress Semiconductor Co. has a fifty-two week low of $12.50 and a fifty-two week high of $18.87.



Cypress Semiconductor (NASDAQ:CY) last posted its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. The company had revenue of $597.54 million for the quarter, compared to the consensus estimate of $593.15 million. Cypress Semiconductor had a negative net margin of 4.02% and a positive return on equity of 12.48%. Cypress Semiconductor’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share. equities analysts predict that Cypress Semiconductor Co. will post 0.92 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Wednesday, March 28th. Cypress Semiconductor’s dividend payout ratio is currently 73.33%.

Several brokerages recently issued reports on CY. Zacks Investment Research downgraded shares of Cypress Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. SunTrust Banks reissued a “hold” rating and set a $19.00 price objective on shares of Cypress Semiconductor in a research note on Friday, February 2nd. Craig Hallum upped their price objective on shares of Cypress Semiconductor from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. KeyCorp upped their price objective on shares of Cypress Semiconductor from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Needham & Company LLC reissued a “buy” rating on shares of Cypress Semiconductor in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $19.19.

A number of large investors have recently bought and sold shares of the business. Penbrook Management LLC purchased a new position in Cypress Semiconductor during the fourth quarter worth approximately $184,000. Xact Kapitalforvaltning AB purchased a new position in Cypress Semiconductor during the fourth quarter worth approximately $457,000. Envestnet Asset Management Inc. raised its stake in Cypress Semiconductor by 8.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 61,185 shares of the semiconductor company’s stock worth $933,000 after purchasing an additional 5,011 shares during the period. MetLife Investment Advisors LLC purchased a new position in Cypress Semiconductor during the fourth quarter worth approximately $3,217,000. Finally, Park West Asset Management LLC purchased a new position in Cypress Semiconductor during the fourth quarter worth approximately $12,954,000. 85.05% of the stock is currently owned by institutional investors.

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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.

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

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