Cypress Semiconductor Corporation (NASDAQ:CY) Updates On Dividend Release Date


On 2016-08-09, Cypress Semiconductor Corporation (NASDAQ:CY) confirmed the dividend disbursement of $0.11 a share to shareholders as on record 2016-09-29. The firm will release dividend on 2016-10-20 while ex-dividend date is reported to be 2016-09-27.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Cypress Semiconductor Corporation (NASDAQ:CY) paid a total of $0.11 per share in dividends. This figure stood at $0.11 a share in the same period a year ago indicating a deviation of 0%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $11.888 on the stock. This figure is the average of recommendations offered by 9 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $15 and $9, respectively.

Taking the mathematical rating formula, the price for Cypress Semiconductor Corporation (NASDAQ:CY) stands at 1.86. Earnings Review Cypress Semiconductor Corporation (NASDAQ:CY) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-27. For the period ending on 2016-09-30, experts are expecting EPS of $0.07.

Coming to the quarter ending on 2015-12-31, Cypress Semiconductor Corporation (NASDAQ:CY) recorded EPS of $0.08. The reported numbers came lower than the analysts’ estimates of $0.05, demonstrating a miss of $0.03 as against reported figures.

Shares of the Cypress Semiconductor Corporation (NASDAQ:CY) traded in the range of $11.15 to $11.49 and closed the last trading session at $11.32 on a volume of ((Volume:238}}.

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