A Director at Cypress Semicon (CY) is Selling Shares


Today, a Director at Cypress Semicon (NASDAQ: CY), Michael Wishart, sold shares of CY for $99.71K.

This is Wishart’s first transaction since reporting a Sell transaction on CODE back in August 2014 In addition to Michael Wishart, one other CY executive reported Sell trades in the last month.

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Based on Cypress Semicon’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $582 million and quarterly net profit of $9.08 million. In comparison, last year the company earned revenue of $532 million and had a GAAP net loss of $45.78 million. Currently, Cypress Semicon has an average volume of 2.91M.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $21.25, reflecting a -20.2% downside. Four different firms, including Merrill Lynch and Citigroup, currently also have a Sell rating on the stock.

The insider sentiment on Cypress Semicon has been neutral according to 67 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Cypress Semiconductor Corp. designs, develops, manufactures and markets a broad range of high-performance solutions for embedded systems, from automotive, industrial and networking platforms to highly interactive consumer devices.

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