Economy

(NASDAQ:CY) Declares Quarterly Dividend of $0.11

For Cypress Semiconductor Corporation (NASDAQ:CY), Stochastic %D value stayed at 28.39% for the last 9 days. Over the past year Company's shares have been trading in the range of $12.50 and $18.87. The business is scheduled to issue its next quarterly earnings report on Thursday, April 26th. The Wisconsin-based 1492 Capital Management Llc has invested 2.4% in the stock. Zacks Investment Research lowered Cypress Semiconductor from a "buy" rating to a "sell" rating in a report on Thursday, February 1st.

Investors rushed to trade on Cypress Semiconductor Corporation (NASDAQ: CY) Monday, soon after a drastic change of -0.31% in the share price was observed and the stock become able to close its trade at $16.24. Cypress Semiconductor Corporation (CY) finalized the Monday at price of $16.24 after traded 4413881 shares. The firm had revenue of $597.54 million for the quarter, compared to the consensus estimate of $593.15 million. After having $0.22 EPS previously, Cypress Semiconductor Corporation's analysts see -22.73% EPS growth. During the same quarter in the previous year, the business posted $0.15 EPS.

Several brokerages have recently commented on CY.

At the time of writing, Cypress Semiconductr (NASDAQ:CY) has a 14-day Commodity Channel Index (CCI) of -80.43. Susquehanna Bancshares began coverage on shares of Cypress Semiconductor in a research report on Wednesday, December 13th. For example, if the P/E ratio of a stock is 20 times earnings, an analyst compares that P/E ratio to other companies in the same industry and to the ratio for the broader market. Cypress Semiconductr (NASDAQ:CY)'s price to earnings ratio stood at 0. Oppenheimer initiated the shares of CY in report on Tuesday, December 15 with "Outperform" rating. The price of CY is now at a -19.4% to its one-year price target of 20.15.

Analysts have a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). BidaskClub upgraded Cypress Semiconductor from a "buy" rating to a "strong-buy" rating in a report on Saturday, January 6th. The shares were sold at an average price of $18.57, for a total value of $55,710.00. The company has market cap of $5.98 billion. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Also, CEO Hassane El-Khoury sold 43,991 shares of Cypress Semiconductor stock in a transaction on Wednesday, February 28th. The stock increased 1.87% or $4.71 during the last trading session, reaching $256.9. The disclosure for this sale can be found here. The stock has performed 0.12% over the last seven days, -10.47% over the last thirty, and -2.40% over the last three months. It is positive, as 27 investors sold CY shares while 98 reduced holdings. Ameritas Investment Partners Inc. now owns 97,002 shares of the company's stock worth $1,179,000 after buying an additional 47,495 shares in the last quarter. Monarch Prtnrs Asset Llc has 0.41% invested in Cypress Semiconductor Corporation (NASDAQ:CY). SevenBridge Financial Group LLC now owns 10,600 shares of the company's stock worth $115,000 after buying an additional 1,200 shares in the last quarter. ETRADE Capital Management LLC bought a new stake in shares of Cypress Semiconductor Corporation during the third quarter worth $232,000. The stock's price is 16.24 and their relative strength index (RSI) stands at 40.88. Boeing gained as much as 2.7 percent before ending the session down 1.12 percent.

The stock is trading -13.95% away from its 52 week high of $18.87 and 29.92% far from the stock's low point over the past 52 weeks, which was $12.50. Stocks Market Cap (SMC) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. Investors of record on Thursday, March 29th will be paid a dividend of $0.11 per share. Cypress Semiconductor's payout ratio is 73.33%.

TRADEMARK VIOLATION WARNING: This report was published by Macon Daily and is the property of of Macon Daily. If you are accessing this news story on another website, it was copied illegally and republished in violation of USA and global trademark and copyright legislation. It operates in two divisions, Microcontroller and Connectivity Division and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller, analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreen and fingerprint reader products; USB controllers comprising solutions for the USB-C and USB power delivery standards; and Wi-Fi, Bluetooth, Bluetooth low energy and ZigBee radios, and WICED development platforms for the Internet of things (IoT).



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