Headlines about Cypress Semiconductor Corporation (NASDAQ:CY) have been trending somewhat positive on Friday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cypress Semiconductor Corporation earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 45.8443368932399 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
- Insider Buying: Cypress Semiconductor Corporation (CY) Director Acquires 30,000 Shares of Stock (americanbankingnews.com)
- Cypress Semiconductor Corporation (CY) Stock Rating Reaffirmed by KeyCorp (americanbankingnews.com)
- Timing Devices Market Is Expected to Be the Fastest Growing Region During 2017 – 2025 (digitaljournal.com)
- Stocks Showing Improved Relative Strength: Cypress Semiconductor (finance.yahoo.com)
- Is Cypress Semiconductor (CY) Stock a Solid Choice Right Now? (finance.yahoo.com)
Several equities analysts have recently weighed in on the company. Craig Hallum lifted their price objective on Cypress Semiconductor Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, July 28th. Mizuho reiterated a “buy” rating and set a $17.00 price objective on shares of Cypress Semiconductor Corporation in a report on Tuesday, August 29th. Zacks Investment Research upgraded Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Thursday, June 29th. Loop Capital reiterated a “buy” rating and set a $17.00 price objective on shares of Cypress Semiconductor Corporation in a report on Friday, July 28th. Finally, Barclays PLC upgraded Cypress Semiconductor Corporation from an “equal weight” rating to an “overweight” rating in a report on Friday, July 21st. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $16.75.
Shares of Cypress Semiconductor Corporation (CY) opened at 14.30 on Friday. Cypress Semiconductor Corporation has a 12 month low of $9.63 and a 12 month high of $15.11. The company has a 50-day moving average price of $13.74 and a 200-day moving average price of $13.75. The firm’s market cap is $4.75 billion.
Cypress Semiconductor Corporation (NASDAQ:CY) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. The business had revenue of $593.80 million for the quarter, compared to analyst estimates of $546.82 million. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 earnings per share. Analysts forecast that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, September 28th will be issued a $0.11 dividend. The ex-dividend date is Wednesday, September 27th. This represents a $0.44 annualized dividend and a yield of 3.08%. Cypress Semiconductor Corporation’s payout ratio is currently -110.00%.
In related news, Director J Daniel Mccranie bought 30,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were bought at an average price of $14.37 per share, for a total transaction of $431,100.00. Following the completion of the acquisition, the director now directly owns 55,000 shares of the company’s stock, valued at $790,350. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dana Nazarian sold 250,075 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $14.10, for a total value of $3,526,057.50. Following the completion of the transaction, the executive vice president now owns 302,657 shares in the company, valued at approximately $4,267,463.70. The disclosure for this sale can be found here. In the last 90 days, insiders bought 60,000 shares of company stock worth $834,100 and sold 330,075 shares worth $4,613,658. 0.69% of the stock is owned by company insiders.
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About Cypress Semiconductor Corporation
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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