News coverage about Cypress Semiconductor (NASDAQ:CY) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cypress Semiconductor earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 46.6982421543933 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Cypress Semiconductor Continues to Impress With Bullish Charts and Indicators (finance.yahoo.com)
- Micron, Nvidia lead booming chip sector toward seventh straight day of gains (marketwatch.com)
- Buying Oracle, Cypress Semiconductor, Walmart, Shake Shack, 8×8 (msn.com)
- [$$] Buying Oracle, Cypress, Walmart, Shake Shack (finance.yahoo.com)
- Harry Boxer’s four tech stocks to watch (finance.yahoo.com)
A number of research analysts have weighed in on the stock. Loop Capital reiterated a “buy” rating and issued a $20.00 price objective on shares of Cypress Semiconductor in a research report on Monday, November 20th. SunTrust Banks downgraded shares of Cypress Semiconductor from a “buy” rating to a “hold” rating and set a $17.00 price target for the company. in a research report on Friday, December 1st. Craig Hallum restated a “buy” rating and set a $21.00 price target on shares of Cypress Semiconductor in a research report on Tuesday, December 5th. Susquehanna Bancshares assumed coverage on shares of Cypress Semiconductor in a research note on Wednesday, December 13th. They set a “positive” rating and a $20.00 price objective for the company. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $14.50 price objective on shares of Cypress Semiconductor in a research note on Wednesday, December 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $19.04.
Cypress Semiconductor (NASDAQ CY) traded up $0.17 during midday trading on Wednesday, hitting $18.50. 2,402,737 shares of the company were exchanged, compared to its average volume of 6,094,080. Cypress Semiconductor has a 1 year low of $12.50 and a 1 year high of $18.87. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.22 and a quick ratio of 0.82. The stock has a market cap of $6,609.88, a P/E ratio of -66.12, a price-to-earnings-growth ratio of 1.19 and a beta of 2.07.
Cypress Semiconductor (NASDAQ:CY) last issued its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. equities analysts expect that Cypress Semiconductor will post 0.92 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, March 29th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Wednesday, March 28th. Cypress Semiconductor’s payout ratio is -157.14%.
In other news, CEO Hassane El-Khoury sold 43,991 shares of Cypress Semiconductor stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $17.60, for a total transaction of $774,241.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $17.08, for a total transaction of $51,240.00. Following the sale, the senior vice president now owns 65,445 shares of the company’s stock, valued at $1,117,800.60. The disclosure for this sale can be found here. Insiders sold 73,643 shares of company stock valued at $1,284,030 in the last quarter. Company insiders own 0.69% of the company’s stock.
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Cypress Semiconductor Company Profile
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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