Analysts See $0.08 EPS for Cypress Semiconductor Corporation (CY)

July 18, 2017 - By Kurt Siggers

 Analysts See $0.08 EPS for Cypress Semiconductor Corporation (CY)
Investors sentiment decreased to 1.22 in Q4 2016. 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.
Hodges Capital Management Inc holds 0.87% in Cypress Semiconductor Corporation (NASDAQ:CY) or 1.64 million shares. Missouri-based Kennedy Capital has invested 0.28% in Cypress Semiconductor Corporation (NASDAQ:CY). Quentec Asset Ltd Liability Co owns 600,000 shares or 0.76% of their US portfolio. Calvert Investment Mngmt Inc reported 0.01% stake. Catawba Cap Va invested in 17,260 shares or 0.05% of the stock. Moreover, Wellington Mngmt Grp Inc Llp has 0% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 101,385 shares. Ls Invest Advisors Lc stated it has 0.84% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Public Employees Retirement Association Of Colorado has 74,566 shares for 0.01% of their portfolio. Ubs Asset Management Americas, a Illinois-based fund reported 170,016 shares. Oz Management Lp has 0.03% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 413,947 shares. Retirement Of Alabama stated it has 0.03% in Cypress Semiconductor Corporation (NASDAQ:CY). Asset Management One Company Limited invested in 0.01% or 247,849 shares. Arrowgrass (Us) L P has 2.61 million shares. Blackrock Group Ltd reported 306,033 shares or 0% of all its holdings. Washington Trust Bancshares reported 1,959 shares stake.

Since March 12, 2017, it had 0 insider buys, and 3 sales for $813,603 activity. 50,000 Cypress Semiconductor Corporation (NASDAQ:CY) shares with value of $709,075 were sold by BENHAMOU ERIC. Another trade for 6,385 shares valued at $89,464 was sold by KWON OC.

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. Needham downgraded the stock to “Buy” rating in Friday, October 23 report. The firm has “Strong Buy” rating given on Friday, October 9 by Needham. The stock has “Neutral” rating by SunTrust on Monday, March 7. The firm earned “Equal Weight” rating on Tuesday, October 18 by Barclays Capital. The stock has “Buy” rating by Craig Hallum on Wednesday, February 24. Mizuho maintained the stock with “Buy” rating in Friday, January 29 report. The company was maintained on Friday, January 29 by Wedbush. Morgan Stanley downgraded the stock to “Underweight” rating in Thursday, March 30 report. The firm has “Buy” rating by Loop Capital given on Tuesday, December 6. The firm has “Buy” rating given on Friday, April 29 by Craig Hallum.

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: Seekingalpha.com which released: “Cypress Semi releases settlement proposal to former CEO” on June 19, 2017, also Seekingalpha.com with their article: “Cypress Semi director resigns over Rodgers’ settlement” published on July 10, 2017, Seekingalpha.com published: “Cypress Semi reaches settlement agreement with founding CEO” on July 06, 2017. More interesting news about Cypress Semiconductor Corporation (NASDAQ:CY) were released by: Nasdaq.com and their article: “Cypress Semiconductor Corporation (CY) Ex-Dividend Date Scheduled for June 27 …” published on June 26, 2017 as well as Prnewswire.com‘s news article titled: “Cypress Semiconductor Stockholders Elect Both CypressFirst Nominees To Cypress …” with publication date: June 20, 2017.

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