Cypress Semiconductor Corporation Company Profile (NASDAQ:CY)

Cypress Semiconductor Corporation trades on the NASDAQ under the ticker symbol "CY."

Cypress Semiconductor Corporation announced a quarterly dividend on Monday, August 7th. Stockholders 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 dividend yield of 3.07%. The ex-dividend date of this dividend is Wednesday, September 27th. View Cypress Semiconductor Corporation's Dividend History.

Cypress Semiconductor Corporation (NASDAQ:CY) issued its quarterly earnings data on Thursday, July, 27th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.16 by $0.05. The firm earned $593.80 million during 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% on a year-over-year basis. During the same period last year, the firm posted $0.13 EPS. View Cypress Semiconductor Corporation's Earnings History.

Cypress Semiconductor Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Cypress Semiconductor Corporation.

Cypress Semiconductor Corporation updated its third quarter earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $0.21-0.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.21. The company issued revenue guidance of $585-615 million, compared to the consensus revenue estimate of $576.12 million.

12 equities research analysts have issued 1-year price objectives for Cypress Semiconductor Corporation's stock. Their forecasts range from $12.00 to $20.00. On average, they expect Cypress Semiconductor Corporation's share price to reach $16.91 in the next year. View Analyst Ratings for Cypress Semiconductor Corporation.

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. According to Zacks Investment Research, "Cypress develops and manufactures a broad range of digital and mixed signal ICs.   The company’s first-quarter earnings were above the Zacks Consensus Estimate. However, over the last one year, the stock has underperformed the Zacks characterized Semi-Communications industry. Although weak and uncertain macro environment remain concerns, the company’s advanced technology, momentum in new products, increased customer wins and growth initiatives are encouraging. The acquisition of Wireless Internet of Things (IoT) business has further strengthened the company’s leading position in the IoT market." (6/29/2017)
• 4. 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)

Cypress Semiconductor Corporation saw a increase in short interest in August. As of August 31st, there was short interest totalling 30,745,446 shares, an increase of 3.2% from the August 15th total of 29,801,888 shares. Based on an average trading volume of 5,873,394 shares, the days-to-cover ratio is presently 5.2 days. Approximately 9.6% of the shares of the company are short sold.

Some companies that are related to Cypress Semiconductor Corporation include Marvell Technology Group (MRVL), Flex Ltd (FLEX), ON Semiconductor Corporation (ON), Arrow Electronics (ARW), United Microelectronics Corporation (UMC), Coherent (COHR), Microsemi Corporation (MSCC), Jabil Circuit (JBL), Semiconductor Manufacturing International Corporation (SMI), Siliconware Precision Industries Company (SPIL), Cavium (CAVM), Monolithic Power Systems (MPWR), Integrated Device Technology (IDTI), Silicon Laboratories (SLAB), Advanced Energy Industries (AEIS), Sanmina Corporation (SANM), Tower Semiconductor (TSEM) and Vishay Intertechnology (VSH).

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
• Eric A. Benhamou, Independent Director
• Oh Chul Kwon, Independent Director
• Michael S. Wishart, Independent Director

Cypress Semiconductor Corporation's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.38%), Vanguard Group Inc. (8.19%), FMR LLC (3.72%), State Street Corp (2.76%), Ameriprise Financial Inc. (2.75%) and Alliancebernstein L.P. (2.69%). Company insiders that own Cypress Semiconductor Corporation stock include Camillo Martino, Catherine P Lego, Dana Nazarian, Eric Benhamou, H Raymond Bingham, J Daniel Mccranie, Michael S Wishart, Oc Kwon, Thurman J Rodgers and Trent Thad. View Institutional Ownership Trends for Cypress Semiconductor Corporation.

Cypress Semiconductor Corporation's stock was sold by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, Vanguard Group Inc., Nomura Holdings Inc., Federated Investors Inc. PA, Hodges Capital Management Inc., Dimensional Fund Advisors LP, OZ Management LP and Deprince Race & Zollo Inc.. Company insiders that have sold Cypress Semiconductor Corporation stock in the last year include Dana Nazarian, Eric Benhamou, H Raymond Bingham, Michael S Wishart, Oc Kwon and Trent Thad. View Insider Buying and Selling for Cypress Semiconductor Corporation.

Cypress Semiconductor Corporation's stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Miller Howard Investments Inc. NY, JPMorgan Chase & Co., Victory Capital Management Inc., ARS Investment Partners LLC, Lazard Asset Management LLC, Zweig DiMenna Associates LLC and Monarch Partners Asset Management LLC. Company insiders that have bought Cypress Semiconductor Corporation stock in the last two years include Camillo Martino, Catherine P Lego, J Daniel Mccranie and Thurman J Rodgers. View Insider Buying and Selling for Cypress Semiconductor Corporation.

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.

One share of Cypress Semiconductor Corporation stock can currently be purchased for approximately $14.34.