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NASDAQ:CY - Cypress Semiconductor Stock Price, Forecast & News

$23.12
+0.08 (+0.35 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$22.95
Now: $23.12
$23.19
50-Day Range
$15.28
MA: $22.38
$23.48
52-Week Range
$14.59
Now: $23.12
$23.55
Volume5.12 million shs
Average Volume18.04 million shs
Market Capitalization$8.64 billion
P/E Ratio231.22
Dividend Yield1.91%
Beta1.78
Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. It operates in two segments, Microcontroller and Connectivity Division, and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip and general-purpose MCUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, and Bluetooth low energy; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions. The Memory Products Division provides NOR and NAND flash memories, static random access memory (SRAM) products, HyperRAm, synchronous and asynchronous SRAMs, nonvolatile SRAMs, F-RAM ferroelectric memory devices, and other specialty memories and clocks. The company serves various markets, including automotive, industrial, consumer, computation, white goods, communications, handset, PC peripherals, mobile devices, networking, telecommunications, video, data communications, computation, and medical markets. Cypress Semiconductor Corporation sells its semiconductor products through distributors and manufacturing representative firms, as well as through sales force directly to original equipment manufacturers and their suppliers. The company was founded in 1982 and is headquartered in San Jose, California.
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Cypress Semiconductor logo

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
CUSIP23280610
Phone408-943-2600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.21 billion
Cash Flow$1.63 per share
Book Value$5.67 per share

Profitability

Net Income$40.43 million

Miscellaneous

Employees5,871
Market Cap$8.64 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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Cypress Semiconductor (NASDAQ:CY) Frequently Asked Questions

How has Cypress Semiconductor's stock been impacted by COVID-19 (Coronavirus)?

Cypress Semiconductor's stock was trading at $22.92 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CY stock has increased by 0.9% and is now trading at $23.12. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cypress Semiconductor?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cypress Semiconductor in the last year. There are currently 9 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cypress Semiconductor.

When is Cypress Semiconductor's next earnings date?

Cypress Semiconductor is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Cypress Semiconductor.

How were Cypress Semiconductor's earnings last quarter?

Cypress Semiconductor Co. (NASDAQ:CY) released its quarterly earnings data on Thursday, January, 30th. The semiconductor company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.29 by $0.01. The semiconductor company earned $559.57 million during the quarter, compared to the consensus estimate of $562.95 million. Cypress Semiconductor had a net margin of 1.83% and a return on equity of 15.83%. View Cypress Semiconductor's earnings history.

How often does Cypress Semiconductor pay dividends? What is the dividend yield for Cypress Semiconductor?

Cypress Semiconductor declared a quarterly dividend on Tuesday, February 18th. Stockholders of record on Thursday, March 26th will be given a dividend of $0.11 per share on Thursday, April 16th. This represents a $0.44 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Wednesday, March 25th. View Cypress Semiconductor's dividend history.

What price target have analysts set for CY?

11 brokers have issued 12-month price objectives for Cypress Semiconductor's shares. Their forecasts range from $15.50 to $24.00. On average, they anticipate Cypress Semiconductor's stock price to reach $21.89 in the next twelve months. This suggests that the stock has a possible downside of 5.3%. View analysts' price targets for Cypress Semiconductor.

What are Wall Street analysts saying about Cypress Semiconductor stock?

Here are some recent quotes from research analysts about Cypress Semiconductor stock:
  • 1. According to Zacks Investment Research, "Cypress reported strong second-quarter results driven by strength in its Wi-Fi and Bluetooth offerings to support growth in the Internet of Things (IoT) market. Also, the company witnessed solid momentum across industrial, automotive and legacy markets. The company has been agreed to be acquired by Infineon Technology. The combined business is expected to be the #1 automotive chip company and the 8th largest semiconductor firm in the world. However, Cypress’ weak demand in the consumer end market, and sluggish Microcontroller and Connectivity Division remain concerns. Further, the ongoing trade tension between the United States and China is an overhang. Notably, the stock has underperformed the industry it belongs to over a year." (7/30/2019)
  • 2. Needham & Company LLC analysts commented, "Cypress today announced the closure of its joint venture with SK Hynix, with full operations to commence immediately. In October 2018, CY announced its decision to partially exit the volatile NAND market by converting its two year take-or-pay contract with SK Hynix into a five year joint venture, with CY owning 40%. CY also wanted to reduce its exposure to the low-margin consumer end market, to which 50% of NAND products are sold. CY expects this deal to be accretive to revenue and gross margins and generate more cash through dividends over the next five years." (4/1/2019)

Has Cypress Semiconductor been receiving favorable news coverage?

News headlines about CY stock have been trending extremely negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cypress Semiconductor earned a news sentiment score of -4.0 on InfoTrie's scale. They also assigned headlines about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near future. View the latest news aboutCypress Semiconductor.

Are investors shorting Cypress Semiconductor?

Cypress Semiconductor saw a decline in short interest in February. As of February 14th, there was short interest totaling 37,560,000 shares, a decline of 7.3% from the January 30th total of 40,510,000 shares. Based on an average trading volume of 4,510,000 shares, the days-to-cover ratio is currently 8.3 days. Approximately 10.2% of the company's stock are short sold. View Cypress Semiconductor's Current Options Chain.

Who are some of Cypress Semiconductor's key competitors?

What other stocks do shareholders of Cypress Semiconductor own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cypress Semiconductor investors own include Micron Technology (MU), Bank of America (BAC), Advanced Micro Devices (AMD), Intel (INTC), NVIDIA (NVDA), Cisco Systems (CSCO), Intelsat (I), Alibaba Group (BABA), Netflix (NFLX) and Fossil Group (FOSL).

Who are Cypress Semiconductor's key executives?

Cypress Semiconductor's management team includes the following people:
  • Mr. Hassane El-Khoury, Pres, CEO & Director (Age 39)
  • Mr. Thad Trent, Exec. VP of Fin. & Admin. and CFO (Age 51)
  • Ms. Pamela L. Tondreau, Exec. VP, Chief Legal Officer & Human Resource Officer and Corp. Sec. (Age 59)
  • Mr. Sam Geha, Exec. VP of Memory Product Division (Age 53)
  • Mr. Sudhir Gopalswamy, Exec. VP of Microcontroller & Connectivity Division (Age 49)

What is Cypress Semiconductor's stock symbol?

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

Who are Cypress Semiconductor's major shareholders?

Cypress Semiconductor's stock is owned by a variety of institutional and retail investors. Top institutional investors include Wealth Quarterback LLC (62.82%), State Street Corp (2.56%), Magnetar Financial LLC (2.06%), TIG Advisors LLC (1.82%), Goldman Sachs Group Inc. (1.74%) and CNH Partners LLC (1.48%). Company insiders that own Cypress Semiconductor stock include Camillo Martino, Hassane El-Khoury, Michael S Wishart, Oc Kwon, Sam Geha, Sudhir Gopalswamy and Trent Thad. View institutional ownership trends for Cypress Semiconductor.

Which major investors are selling Cypress Semiconductor stock?

CY stock was sold by a variety of institutional investors in the last quarter, including TCW Group Inc., Robecosam AG, CNH Partners LLC, TIG Advisors LLC, Man Group plc, Los Angeles Capital Management & Equity Research Inc., Mutual of America Capital Management LLC, and W.E. Donoghue & Co. LLC. Company insiders that have sold Cypress Semiconductor company stock in the last year include Hassane El-Khoury, Oc Kwon, Sam Geha, Sudhir Gopalswamy, and Trent Thad. View insider buying and selling activity for Cypress Semiconductor.

Which major investors are buying Cypress Semiconductor stock?

CY stock was bought by a variety of institutional investors in the last quarter, including Wealth Quarterback LLC, Norges Bank, Credit Suisse AG, MUFG Securities EMEA plc, Segantii Capital Management Ltd, Bank of Montreal Can, Syquant Capital Sas, and Public Sector Pension Investment Board. Company insiders that have bought Cypress Semiconductor stock in the last two years include Camillo Martino, and Hassane El-Khoury. View insider buying and selling activity for Cypress Semiconductor.

How do I buy shares of Cypress Semiconductor?

Shares of CY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Cypress Semiconductor's stock price today?

One share of CY stock can currently be purchased for approximately $23.12.

How big of a company is Cypress Semiconductor?

Cypress Semiconductor has a market capitalization of $8.64 billion and generates $2.21 billion in revenue each year. The semiconductor company earns $40.43 million in net income (profit) each year or $0.82 on an earnings per share basis. Cypress Semiconductor employs 5,871 workers across the globe. View additional information about Cypress Semiconductor.

What is Cypress Semiconductor's official website?

The official website for Cypress Semiconductor is http://www.cypress.com/.

How can I contact Cypress Semiconductor?

Cypress Semiconductor's mailing address is 198 CHAMPION COURT, SAN JOSE CA, 95134. The semiconductor company can be reached via phone at 408-943-2600 or via email at [email protected]


MarketBeat Community Rating for Cypress Semiconductor (NASDAQ CY)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  782 (Vote Outperform)
Underperform Votes:  646 (Vote Underperform)
Total Votes:  1,428
MarketBeat's community ratings are surveys of what our community members think about Cypress Semiconductor and other stocks. Vote "Outperform" if you believe CY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CY will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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