$0.08 EPS Expected for Cypress Semiconductor Corporation (CY)

July 18, 2017 - By Marguerite Chambers

 $0.08 EPS Expected for Cypress Semiconductor Corporation (CY)
Investors sentiment decreased to 1.22 in 2016 Q4. Its down 0.16, from 1.38 in 2016Q3. It dived, as 35 investors sold Cypress Semiconductor Corporation shares while 93 reduced holdings. 44 funds opened positions while 112 raised stakes. 290.57 million shares or 1.15% more from 287.28 million shares in 2016Q3 were reported.
Montana-based First Interstate Bancorp has invested 0% in Cypress Semiconductor Corporation (NASDAQ:CY). Janney Montgomery Scott Ltd Liability has invested 0% in Cypress Semiconductor Corporation (NASDAQ:CY). Morgan Stanley invested in 0.02% or 5.49 million shares. Wexford L P invested in 0.03% or 24,380 shares. Royal Commercial Bank Of Canada stated it has 0% in Cypress Semiconductor Corporation (NASDAQ:CY). Glob X Mngmt Commerce Ltd Com reported 0.01% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Kcg holds 64,736 shares or 0.02% of its portfolio. Kestrel Investment Mgmt accumulated 740,750 shares or 3.16% of the stock. Trexquant Investment Lp reported 0.04% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Paloma Ptnrs Mgmt holds 0.01% or 104,130 shares. Nationwide Fund Advsrs holds 0.04% or 794,273 shares in its portfolio. Deutsche Bancshares Ag has 2.94M shares. New York State Common Retirement Fund accumulated 722,141 shares. Suntrust Banks invested in 0% or 10,672 shares. Principal Financial Grp Inc reported 1.23M shares.

Since March 12, 2017, it had 0 insider purchases, and 3 sales for $813,603 activity. Another trade for 50,000 shares valued at $709,075 was sold by BENHAMOU ERIC. KWON OC sold $89,464 worth of Cypress Semiconductor Corporation (NASDAQ:CY) on Wednesday, June 7.

Analysts await Cypress Semiconductor Corporation (NASDAQ:CY) to report earnings on July, 27. They expect $0.08 earnings per share, 0.00 % or $0.00 from last year’s $0.08 per share. CY’s profit will be $26.65M for 44.66 P/E if the $0.08 EPS becomes a reality. After $0.08 actual earnings per share reported by Cypress Semiconductor Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth. The stock decreased 1.24% or $0.18 during the last trading session, reaching $14.29. About 4.27 million shares traded. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 39.45% since July 18, 2016 and is uptrending. It has outperformed by 22.75% the S&P500.

Cypress Semiconductor Corporation (NASDAQ:CY) Ratings Coverage

Among 19 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 13 have Buy rating, 1 Sell and 5 Hold. Therefore 68% are positive. Cypress Semiconductor Corporation had 43 analyst reports since August 31, 2015 according to SRatingsIntel. The rating was maintained by SunTrust on Monday, March 7 with “Neutral”. The stock has “Buy” rating by Craig Hallum on Friday, July 29. SunTrust initiated Cypress Semiconductor Corporation (NASDAQ:CY) on Thursday, January 14 with “Neutral” rating. The rating was initiated by Sterne Agee CRT on Wednesday, September 9 with “Buy”. The firm has “Outperform” rating by Oppenheimer given on Tuesday, December 15. On Friday, October 23 the stock rating was maintained by Mizuho with “Buy”. Oppenheimer maintained the stock with “Outperform” rating in Friday, January 29 report. Needham downgraded Cypress Semiconductor Corporation (NASDAQ:CY) rating on Friday, October 23. Needham has “Buy” rating and $12.0 target. The company was initiated on Tuesday, December 6 by Loop Capital. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) earned “Overweight” rating by Pacific Crest on Wednesday, March 29.

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The company has market cap of $4.76 billion. The Company’s divisions include Microcontroller and Connectivity Division , and Memory Products Division (MPD). It currently has negative earnings. MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions.

More notable recent Cypress Semiconductor Corporation (NASDAQ:CY) news were published by: Prnewswire.com which released: “Cypress Semiconductor Stockholders Elect Both CypressFirst Nominees To Cypress …” on June 20, 2017, also Seekingalpha.com with their article: “Cypress Semi and Arrow Electronics announce IoT development platform” published on June 29, 2017, Seekingalpha.com published: “Cypress Semi releases settlement proposal to former CEO” on June 19, 2017. More interesting news about Cypress Semiconductor Corporation (NASDAQ:CY) were released by: Seekingalpha.com and their article: “Cypress Semi director resigns over Rodgers’ settlement” published on July 10, 2017 as well as Prnewswire.com‘s news article titled: “Cypress Announces Settlement Agreement with TJ Rodgers” with publication date: July 05, 2017.

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