Cypress Semiconductor Corporation (NASDAQ:CY) had declared a cash dividend of $0.1100 on Aug 9, 2016. The shares will quote ex-dividend on Sep 27, 2016 and the record date has been fixed for Sep 29, 2016. On Aug 9, 2016 share price, the yield comes out to be 3.8161%. The dividend payable date has been fixed on Oct 20, 2016.
In a different note, On Jul 29, 2016, Pacific Crest said it Maintains its rating on Cypress Semiconductor Corporation. In the research note, the firm Raises the price-target to $11.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 18, 2016, Morgan Stanley said it Downgrades its rating on Cypress Semiconductor Corporation. The shares have been rated ‘Equal-weight’ by the firm.
Cypress Semiconductor Corporation (CY) made into the market gainers list on Wednesdays trading session with the shares advancing 0.27% or 0.03 points. Due to strong positive momentum, the stock ended at $11.27, which is also near the day’s high of $11.31. The stock began the session at $11.24 and the volume stood at 48,67,237 shares. The 52-week high of the shares is $12.36 and the 52 week low is $6.3. The company has a current market capitalization of $3,620 M and it has 32,11,80,730 shares in outstanding.
Cypress Semiconductor Corporation(CY) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $456.38M. Analysts had an estimated revenue of $455.15M. Earnings per share were $0.12. Analysts had estimated an EPS of $0.12.
Several Insider Transactions has been reported to the SEC. On Aug 3, 2016, H Raymond Bingham (director) sold 15,000 shares at $11.65 per share price.Also, On Mar 21, 2016, Hassane El-khoury (EVP, Programmable Systems) sold 30,000 shares at $0.00 per share price.On Mar 15, 2016, Oc Kwon (director) sold 1,164 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Cypress Semiconductor Corporation is a provider of mixed-signal programmable solutions. The Company’s offerings include PSoC 1 PSoC 3 PSoC 4 and PSoC 5LP programmable system-on-chip families. It caters to markets including industrial mobile handsets consumer computation data communications automotive and military. The Company operates in four segments: Programmable Systems Division Memory Products Division Data Communications Division and Emerging Technologies Division. The Programmable Solutions Division designs and develops solutions for end-product manufacturers. The Memory Products Division designs and manufactures SRAM products and non-volatile RAMs (random access memories). The Data Communications Division focuses on solutions for industrial handset and consumer applications. The Emerging Technologies Division consists of the Company’s subsidiaries AgigA Tech Inc. and Deca Technologies Inc.