Published On: Wed, Sep 7th, 2016

Cypress Semiconductor Corp. (CY) Insider H Raymond Bingham Sells 15,000 Shares

Cypress Semiconductor Corp. (NASDAQ:CY) insider H Raymond Bingham sold 15,000 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $11.96, for a total transaction of $179,400.00. Following the completion of the sale, the insider now directly owns 40,276 shares in the company, valued at $481,700.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 29th will be given a $0.11 dividend. The ex-dividend date is Tuesday, September 27th. This represents a $0.44 annualized dividend and a dividend yield of 3.65%.
Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Cypress Semiconductor Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Morgan Stanley downgraded shares of Cypress Semiconductor Corp. from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $11.36 to $11.00 in a report on Monday, July 18th. Pacific Crest increased their price target on shares of Cypress Semiconductor Corp. from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Needham & Company LLC increased their price target on shares of Cypress Semiconductor Corp. from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Craig Hallum increased their price target on shares of Cypress Semiconductor Corp. from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $11.43.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/06/cypress-semiconductor-corp-cy-insider-h-raymond-bingham-sells-15000-shares/

Cypress Semiconductor Corp. (NASDAQ:CY) traded down 1.15% during midday trading on Tuesday, reaching $12.05. 5,231,930 shares of the company traded hands. Cypress Semiconductor Corp. has a 12 month low of $6.30 and a 12 month high of $12.36. The company’s 50-day moving average price is $11.41 and its 200 day moving average price is $9.84. The firm’s market capitalization is $3.87 billion.
Cypress Semiconductor Corp. (NASDAQ:CY) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The business earned $450.10 million during the quarter, compared to analysts’ expectations of $455.15 million. Cypress Semiconductor Corp.’s quarterly revenue was down 7.1% on a year-over-year basis. On average, equities analysts anticipate that Cypress Semiconductor Corp. will post $0.46 earnings per share for the current year.
Cypress Semiconductor Corporation delivers solutions from automotive, industrial and networking platforms to interactive consumer and mobile devices. The Company’s segments include Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division.

Receive News & Ratings for Cypress Semiconductor Corp. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Cypress Semiconductor Corp. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>