Equities research analysts expect Cypress Semiconductor Co. (NASDAQ:CY) to announce earnings per share of $0.24 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Cypress Semiconductor’s earnings. Cypress Semiconductor posted earnings of $0.13 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 84.6%. The business is scheduled to report its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that Cypress Semiconductor will report full-year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $1.13 to $1.27. For the next year, analysts anticipate that the company will report 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 analysts that that provide coverage for Cypress Semiconductor.
Cypress Semiconductor (NASDAQ:CY) last announced its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The company had revenue of $597.54 million for the quarter, compared to analyst estimates of $593.15 million. Cypress Semiconductor had a negative net margin of 4.02% and a positive return on equity of 12.48%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 EPS.
In related news, SVP Sudhir Gopalswamy sold 3,000 shares of the business’s stock in a transaction on 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Sam Geha sold 14,517 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $17.34, for a total transaction of $251,724.78. Following the transaction, the senior vice president now owns 41,204 shares in the company, valued at approximately $714,477.36. 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 90 days. Corporate insiders own 0.69% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of Cypress Semiconductor by 15.8% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,543,264 shares of the semiconductor company’s stock valued at $23,180,000 after acquiring an additional 210,992 shares during the period. HAP Trading LLC acquired a new position in Cypress Semiconductor during the third quarter worth $5,386,000. Westfield Capital Management Co. LP acquired a new position in Cypress Semiconductor during the third quarter worth $53,009,000. Brookstone Capital Management raised its holdings in Cypress Semiconductor by 33.1% during the third quarter. Brookstone Capital Management now owns 27,370 shares of the semiconductor company’s stock worth $411,000 after buying an additional 6,806 shares during the last quarter. Finally, Formula Growth Ltd. raised its holdings in Cypress Semiconductor by 41.3% during the third quarter. Formula Growth Ltd. now owns 520,400 shares of the semiconductor company’s stock worth $7,816,000 after buying an additional 152,000 shares during the last quarter. Institutional investors own 98.12% of the company’s stock.
Shares of Cypress Semiconductor (NASDAQ CY) traded down $0.20 during trading on Friday, hitting $16.15. 4,488,319 shares of the company traded hands, compared to its average volume of 6,470,000. Cypress Semiconductor has a 12 month low of $12.46 and a 12 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. The company has a market cap of $5,320.00, a price-to-earnings ratio of -57.68, a PEG ratio of 1.05 and a beta of 2.17.
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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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