Cypress Semiconductor Corporation Company Profile (NASDAQ:CY)

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

Cypress Semiconductor Corporation declared a quarterly dividend on Tuesday, May 23rd. Shareholders of record on Thursday, June 29th will be paid a dividend of $0.11 per share on Thursday, July 20th. This represents a $0.44 annualized dividend and a yield of 2.98%. The ex-dividend date is Tuesday, June 27th. View Cypress Semiconductor Corporation's Dividend History.

Cypress Semiconductor Corporation (NASDAQ:CY) posted its earnings results on Thursday, April, 27th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.06. The firm had revenue of $532 million for the quarter, compared to the consensus estimate of $511.41 million. Cypress Semiconductor Corporation had a negative net margin of 30.84% and a positive return on equity of 5.31%. During the same period in the previous year, the business posted $0.07 earnings per share. View Cypress Semiconductor Corporation's Earnings History.

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

Cypress Semiconductor Corporation updated its second quarter earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $0.14-0.18 for the period, compared to the Thomson Reuters consensus estimate of $0.16. The company issued revenue guidance of $530-560 million, compared to the consensus revenue estimate of $533.87 million.

13 brokers have issued twelve-month target prices for Cypress Semiconductor Corporation's stock. Their predictions range from $12.00 to $18.00. On average, they expect Cypress Semiconductor Corporation's share price to reach $16.27 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. 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)
• 2. Mizuho analysts commented, "We believe CY could see near-term tailwinds from the Nintendo Switch ramp and automotive. In 2H17, Type-C could start to get adopted in major smartphones; Type-C is now available on the Switch and could see Tier-1 smartphones from Huawei to iPhone all carrying Type-C connectivity." (4/24/2017)
• 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)
• 4. Needham & Company LLC analysts commented, "Today an article by the Wall Street Journal was published stating that one of the iPhone 8 models may use USB-C. CY, the leader in USB-C connectivity solutions, could benefit from this transition. Below we have modeled a scenario analysis for potential EPS accretion under various assumptions. We have also modeled a similar scenario for potential gains with the Samsung S8. Net we believe the iPhone 8 USB-C cycle could add an incremental EPS of $0.11-$0.19 and Samsung S8 could add $0.04-$0.11. Type USB-C is manufactured in Minnesota and Austin fabs, thus utilization rates could accelerate faster than expected as CY runs through millions of iPhone and Samsung units through those fabs -- leading to gross margin upside." (2/28/2017)

Cypress Semiconductor Corporation saw a decrease in short interest in July. As of July 14th, there was short interest totalling 30,872,542 shares, a decrease of 14.2% from the June 30th total of 35,987,365 shares. Based on an average daily volume of 5,695,285 shares, the short-interest ratio is presently 5.4 days. Currently, 9.7% of the company's stock are short sold.

Some companies that are related to Cypress Semiconductor Corporation include Flextronics International (FLEX), Marvell Technology Group (MRVL), Arrow Electronics (ARW), Coherent (COHR), ON Semiconductor Corp (ON), Semiconductor Manufacturing International Corporation (SMI), Microsemi Corporation (MSCC), United Microelectronics Corporation (UMC), Jabil Circuit (JBL), 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), Semtech Corporation (SMTC) 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
• Eric A. Benhamou, Independent Director
• Oh Chul Kwon, Independent Director
• Michael S. Wishart, Independent Director

Cypress Semiconductor Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Miller Howard Investments Inc. NY (1.85%), Peregrine Capital Management LLC (1.05%), Advisors Capital Management LLC (0.49%), LS Investment Advisors LLC (0.31%), Russell Investments Group Ltd. (0.23%) and NN Investment Partners Holdings N.V. (0.09%). Company insiders that own Cypress Semiconductor Corporation stock include Eric Benhamou, H Raymond Bingham, 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 Russell Investments Group Ltd., NN Investment Partners Holdings N.V., Carl Domino Inc, Cornerstone Financial Partners LLC, Alpha Windward LLC, Wright Investors Service Inc., Hollencrest Securities LLC and US Bancorp DE. Company insiders that have sold Cypress Semiconductor Corporation stock in the last year include Eric Benhamou, H Raymond Bingham, 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 Miller Howard Investments Inc. NY, Tealwood Asset Management Inc., Peregrine Capital Management LLC, Advisors Capital Management LLC, Trellus Management Company LLC, Creative Planning, Visionary Asset Management Inc. and P.A.W. Capital Corp. 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 $14.76.