About Cypress Semiconductor Corporation (NASDAQ:CY)
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. MPD focuses on parallel and serial NOR flash memories, NAND flash memories, static random access memory (SRAM), ferroelectric-random access memory (F-RAM) ferroelectric memory devices and other specialty memories. The Company's products include Traveo MCUs and Flexible MCUs; PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP; CapSense, and TrueTouch Analog Power Management integrated circuits (PMICs) and energy harvesting solutions.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Semiconductors
- Sub-Industry: Semiconductors
- Symbol: NASDAQ:CY
- CUSIP: 23280610
- Web: www.cypress.com
- Market Cap: $5.27326 billion
- Outstanding Shares: 332,488,000
- 50 Day Moving Avg: $14.54
- 200 Day Moving Avg: $13.93
- 52 Week Range: $9.63 - $16.11
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 15.87
- P/E Growth: 0.44
- Annual Revenue: $2.18 billion
- Price / Sales: 2.42
- Book Value: $5.56 per share
- Price / Book: 2.85
- Annual Dividend: $0.44
- Dividend Yield: 2.8%
- EBITDA: $232.52 million
- Net Margins: -6.04%
- Return on Equity: 6.27%
- Return on Assets: 3.10%
- Debt-to-Equity Ratio: 0.63%
- Current Ratio: 1.36%
- Quick Ratio: 0.88%
- Average Volume: 5.41 million shs.
- Beta: 2.03
- Short Ratio: 5.04
Frequently Asked Questions for Cypress Semiconductor Corporation (NASDAQ:CY)
What is Cypress Semiconductor Corporation's stock symbol?
Cypress Semiconductor Corporation trades on the NASDAQ under the ticker symbol "CY."
How often does Cypress Semiconductor Corporation pay dividends? What is the dividend yield for Cypress Semiconductor Corporation?
Cypress Semiconductor Corporation declared a quarterly dividend on Monday, August 7th. Investors of record on Thursday, September 28th will be paid a dividend of $0.11 per share on Thursday, October 19th. This represents a $0.44 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, September 27th. View Cypress Semiconductor Corporation's Dividend History.
How were Cypress Semiconductor Corporation's earnings last quarter?
Cypress Semiconductor Corporation (NASDAQ:CY) posted its quarterly earnings results on Thursday, July, 27th. The company reported $0.21 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 business's quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 EPS. View Cypress Semiconductor Corporation's Earnings History.
When will Cypress Semiconductor Corporation make its next earnings announcement?
What guidance has Cypress Semiconductor Corporation issued on next quarter's earnings?
Cypress Semiconductor Corporation updated its third quarter earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $0.21-0.25 for the period, compared to the Thomson Reuters consensus estimate of $0.21. The company issued revenue guidance of $585-615 million, compared to the consensus revenue estimate of $576.12 million.
Where is Cypress Semiconductor Corporation's stock going? Where will Cypress Semiconductor Corporation's stock price be in 2017?
12 analysts have issued 1 year price objectives for Cypress Semiconductor Corporation's shares. Their forecasts range from $12.00 to $20.00. On average, they expect Cypress Semiconductor Corporation's stock price to reach $17.09 in the next twelve months. View Analyst Ratings for Cypress Semiconductor Corporation.
What are analysts saying about Cypress Semiconductor Corporation stock?
Here are some recent quotes from research analysts about Cypress Semiconductor Corporation stock:
- 1. Needham & Company LLC analysts commented, "Last week we hosted an investor call with Thad Trent, CFO, and Mike Hogan, GM of IoT at Cypress. Roughly 18% of Cypress’ total revenue, or $108M last quarter, comes from its acquisition of Broadcom’s IoT division which has grown 35%-40% Y/Y since the acquisition closed last year. Cypress’ IoT division services the consumer (70%), Industrial (20%) and Automotive (10%) end markets and is expected to grow at a 17% CAGR over the next 5 years (at the market rate)." (9/18/2017)
- 2. Mizuho analysts commented, "We would use the pullback as a buying opportunity today. CY should see continued upside with Automotive tailwinds but also Nintendo Switch (~$5+ content) strong demand. We believe near-term Nintendo Switch demand remains strong." (8/29/2017)
- 3. Loop Capital analysts commented, "We attended Cypress Semiconductor’s (CY) 2017 Analyst Day at its headquarters in San Jose, CA yesterday and came away impressed with the multiple long-term growth opportunities in the automotive, consumer, and industrial end markets, levers in the model to drive operating leverage, and guidance for free cash flow (FCF). While we were disappointed that there was no positive pre-announcement for Q1 2017, we continue to believe the quarter is tracking towards the higher-end of the guidance range and in-line with our above Street estimates. We maintain our Buy rating and $16 price target as we believe our long-term thesis remains solidly intact, but with no positive pre-announcement and the stock up 25+% YTD vs. 11% in the SOX over the same time period, we wouldn’t be surprised to see profit taking." (3/29/2017)
Are investors shorting Cypress Semiconductor Corporation?
Cypress Semiconductor Corporation saw a increase in short interest in the month of September. As of September 29th, there was short interest totalling 31,391,372 shares, an increase of 2.3% from the September 15th total of 32,142,382 shares. Based on an average daily volume of 4,866,160 shares, the days-to-cover ratio is currently 6.5 days. Currently, 9.8% of the shares of the company are sold short.
Who are some of Cypress Semiconductor Corporation's key competitors?
Some companies that are related to Cypress Semiconductor Corporation include Flextronics International (FLEX), Marvell Technology Group (MRVL), ON Semiconductor Corporation (ON), Arrow Electronics (ARW), United Microelectronics Corporation (UMC), Coherent (COHR), Microsemi Corporation (MSCC), Semiconductor Manufacturing International Corporation (SMI), Jabil Circuit (JBL), Siliconware Precision Industries Company (SPIL), Monolithic Power Systems (MPWR), Cavium (CAVM), Silicon Laboratories (SLAB), Integrated Device Technology (IDTI), Advanced Energy Industries (AEIS), Vishay Intertechnology (VSH), Tower Semiconductor (TSEM) and Sanmina Corporation (SANM).
Who are Cypress Semiconductor Corporation's key executives?
Cypress Semiconductor Corporation's management team includes the folowing people:
- W. Steve Albrecht, Independent Chairman of the Board
- Hassane El-Khoury, President, Chief Executive Officer, Director
- Thad Trent, Chief Financial Officer, Executive Vice President - Finance and Administration
- Dana C. Nazarian, Executive Vice President - Operations & Technology
- Catherine P. Lego CPA, Director
- Jeffrey J. Owens, Director
- Eric A. Benhamou, Independent Director
- Oh Chul Kwon, Independent Director
- Michael S. Wishart, Independent Director
How do I buy Cypress Semiconductor Corporation stock?
Shares of Cypress Semiconductor Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cypress Semiconductor Corporation's stock price today?
MarketBeat Community Rating for Cypress Semiconductor Corporation (NASDAQ CY)MarketBeat's community ratings are surveys of what our community members think about Cypress Semiconductor Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Cypress Semiconductor Corporation stock can currently be purchased for approximately $15.87.
Consensus Ratings for Cypress Semiconductor Corporation (NASDAQ:CY) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 1 Hold Rating, 10 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.75)|
|Consensus Price Target: ||$17.09 (7.69% upside)|Consensus Price Target History for Cypress Semiconductor Corporation (NASDAQ:CY)
Analysts' Ratings History for Cypress Semiconductor Corporation (NASDAQ:CY)
(Data available from 10/17/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/12/2017||SunTrust Banks, Inc.||Reiterated Rating||Buy||$19.00||N/A|
|10/9/2017||Needham & Company LLC||Reiterated Rating||Buy||$20.00||N/A|
|10/1/2017||Bank of America Corporation||Reiterated Rating||Buy||Medium|
|9/20/2017||Morgan Stanley||Reiterated Rating||Underweight||$13.00||Low|
|8/31/2017||Craig Hallum||Reiterated Rating||Buy||$20.00||Low|
|8/22/2017||Loop Capital||Reiterated Rating||Buy||$17.00||High|
|7/21/2017||Barclays PLC||Upgrade||Equal Weight -> Overweight||Low|
|3/30/2017||Credit Suisse Group||Reiterated Rating||Neutral||Low|
|3/29/2017||Pacific Crest||Reiterated Rating||Overweight||$14.00 -> $17.00||Medium|
|9/16/2016||Roth Capital||Reiterated Rating||Buy||$13.00||N/A|
|3/12/2016||Oppenheimer Holdings, Inc.||Reiterated Rating||Buy||N/A|
|1/29/2016||Sterne Agee CRT||Downgrade||Buy -> Neutral||$8.00 -> $8.00||N/A|
|10/23/2015||J P Morgan Chase & Co||Lower Price Target||Neutral||$14.50 -> $12.00||N/A|
|10/23/2015||Topeka Capital Markets||Lower Price Target||Buy||$13.00 -> $11.00||N/A|
Earnings History for Cypress Semiconductor Corporation (NASDAQ:CY)Earnings History by Quarter for Cypress Semiconductor Corporation (NASDAQ CY)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$0.16||$0.21||$546.82 million||$593.80 million||View||N/A|
|4/27/2017||Q1 2017||$0.02||$0.08||$511.41 million||$532.00 million||View||N/A|
|2/2/2017||Q416||$0.14||$0.15||$525.63 million||$530.17 million||View||Listen|
|10/27/2016||Q316||$0.08||$0.15||$525.62 million||$530.10 million||View||Listen|
|7/28/2016||Q216||$0.12||$0.12||$455.15 million||$450.10 million||View||Listen|
|4/28/2016||Q116||$0.06||$0.07||$425.17 million||$425.20 million||View||Listen|
|1/28/2016||Q415||$0.13||$0.13||$445.22 million||$456.40 million||View||Listen|
|10/22/2015||Q315||$0.16||$0.17||$480.06 million||$470.10 million||View||Listen|
|7/23/2015||Q215||$0.07||$0.15||$487.50 million||$491.00 million||View||Listen|
|4/30/2015||Q115||$0.01||($0.53)||$217.59 million||$209.14 million||View||N/A|
|1/22/2015||Q414||$0.07||$0.09||$182.66 million||$184.10 million||View||N/A|
|10/16/2014||Q314||$0.08||$0.16||$188.60 million||$187.50 million||View||Listen|
|7/17/2014||Q214||$0.03||$0.08||$183.82 million||$183.60 million||View||Listen|
|4/17/2014||Q114||$0.07||$0.07||$169.00 million||$170.28 million||View||Listen|
|1/23/2014||Q413||$0.08||$0.09||$166.47 million||$167.78 million||View||Listen|
|10/17/2013||Q313||$0.17||$0.14||$204.70 million||$188.72 million||View||N/A|
|7/18/2013||Q2 2013||$0.07||$0.14||$182.79 million||$193.47 million||View||N/A|
|4/18/2013||Q1 2013||$0.01||$0.03||$167.32 million||$172.73 million||View||N/A|
|1/24/2013||Q4 2012||$0.04||$0.05||$178.09 million||$180.28 million||View||N/A|
Earnings Estimates for Cypress Semiconductor Corporation (NASDAQ:CY)
Current Year EPS Consensus Estimate: $0.61 EPS
Next Year EPS Consensus Estimate: $1 EPS
Current Dividend Information for Cypress Semiconductor Corporation (NASDAQ:CY)
|Payout Ratio:||-110.00% (Trailing 12 Months of Earnings) |
72.13% (Based on This Year's Estimates)
44.00% (Based on Next Year's Estimates)
Dividend History by Quarter for Cypress Semiconductor Corporation (NASDAQ CY)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Cypress Semiconductor Corporation (NASDAQ:CY)
Insider Ownership Percentage: 0.69%Insider Trades by Quarter for Cypress Semiconductor Corporation (NASDAQ:CY)
Institutional Ownership Percentage: 97.05%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/14/2017||J Daniel Mccranie||Director||Buy||30,000||$14.37||$431,100.00|| |
|9/6/2017||Catherine P Lego||Director||Buy||20,000||$13.69||$273,800.00|| |
|8/21/2017||Camillo Martino||Director||Buy||10,000||$12.92||$129,200.00|| |
|8/4/2017||Dana Nazarian||EVP||Sell||250,075||$14.10||$3,526,057.50|| |
|8/1/2017||Michael S Wishart||Director||Sell||30,000||$14.07||$422,100.00|| |
|6/19/2017||Eric Benhamou||Director||Sell||50,000||$13.31||$665,500.00|| |
|6/8/2017||Oc Kwon||Director||Sell||6,385||$14.01||$89,453.85|| |
|3/20/2017||Eric Benhamou||Director||Sell||50,000||$14.18||$709,000.00|| |
|3/14/2017||Oc Kwon||Director||Sell||1,094||$13.77||$15,064.38|| |
|1/3/2017||H Raymond Bingham||Insider||Sell||14,361||$11.54||$165,725.94|| |
|12/19/2016||Eric Benhamou||Director||Sell||50,000||$11.21||$560,500.00|| |
|12/1/2016||H Raymond Bingham||Insider||Sell||15,000||$11.18||$167,700.00|| |
|10/10/2016||Trent Thad||CFO||Sell||11,390||$11.83||$134,743.70|| |
|10/3/2016||H Raymond Bingham||Insider||Sell||15,000||$12.10||$181,500.00|| |
|9/19/2016||Eric Benhamou||Director||Sell||50,000||$11.83||$591,500.00|| |
|9/1/2016||H Raymond Bingham||Insider||Sell||15,000||$11.96||$179,400.00|| |
|8/1/2016||H Raymond Bingham||Director||Sell||15,000||$11.65||$174,750.00|| |
|7/1/2016||H Raymond Bingham||Director||Sell||15,000||$10.40||$156,000.00|| |
|6/17/2016||H Raymond Bingham||Director||Sell||20,000||$10.26||$205,200.00|| |
|6/1/2016||H Raymond Bingham||Director||Sell||15,000||$10.58||$158,700.00|| |
|5/5/2016||H Raymond Bingham||Director||Sell||7,651||$9.51||$72,761.01|| |
|3/14/2016||H Raymond Bingham||Director||Sell||1,860||$8.63||$16,051.80|| |
|2/8/2016||Thurman J Rodgers||CEO||Buy||25,000||$6.66||$166,500.00|| |
|11/27/2015||Thurman J. Rodgers||CEO||Buy||7,000||$3.00||$21,000.00|| |
|11/9/2015||H Raymond Bingham||Director||Sell||80,666||$0.26||$20,973.16|| |
|11/9/2015||Thurman J. Rodgers||CEO||Buy||9,400||$5.59||$52,546.00|| |
|11/5/2015||Thurman J Rodgers||CEO||Buy||5,000||$10.50||$52,500.00|| |
|5/12/2015||Trent Thad||CFO||Sell||509||$12.62||$6,423.58|| |
|5/4/2015||H Raymond Bingham||Director||Sell||45,000||$13.12||$590,400.00|| |
|4/29/2015||J Daniel Mccranie||EVP||Sell||82,003||$12.83||$1,052,098.49|| |
|3/18/2015||John H Kispert||Director||Sell||620,000||$15.26||$9,461,200.00|| |
|2/5/2015||Eric Benhamou||Director||Sell||16,826||$14.25||$239,770.50|| |
|1/22/2015||Hassane El-Khoury||EVP||Sell||27,054||$14.35||$388,224.90|| |
|1/22/2015||Thurman J Rodgers||CEO||Sell||58,287||$14.35||$836,418.45|| |
|1/22/2015||Trent Thad||CFO||Sell||3,461||$14.35||$49,665.35|| |
|9/8/2014||Thurman J Rodgers||CEO||Sell||987,171||$10.84||$10,700,933.64|| |
|1/29/2014||Lloyd Carney||Director||Sell||69,681||$10.17||$708,655.77|| |
|12/6/2013||James Long||Director||Sell||59,500||$9.58||$570,010.00|| |
|11/21/2013||Brad Buss||CFO||Buy||15,000||$9.13||$136,950.00|| |
|8/23/2013||W Steve Albrecht||Director||Sell||82,404||$11.79||$971,543.16|| |
|5/21/2013||Lloyd Carney||Director||Sell||24,722||$11.50||$284,303.00|| |
|1/25/2013||Brad W Buss||CFO||Buy||10,000||$9.97||$99,700.00|| |
|10/24/2012||J Donald Sherman||Director||Buy||10,000||$9.68||$96,800.00|| |
|10/19/2012||Brad W Buss||CFO||Buy||20,000||$9.69||$193,800.00|| |
|8/16/2012||J Donald Sherman||Director||Buy||9,000||$11.98||$107,820.00|| |
Headline Trends for Cypress Semiconductor Corporation (NASDAQ:CY)
Latest Headlines for Cypress Semiconductor Corporation (NASDAQ:CY)
Cypress Semiconductor Corporation (CY) Chart for Tuesday, October, 17, 2017