Today, the President & CEO of Cypress Semicon, Hassane El-Khoury, exercised options of Cypress Semicon (NASDAQ: CY) for $17.34K. The options were close to expired and Hassane El-Khoury retained stocks.
In addition to Hassane El-Khoury, 2 other CY executives reported Buy trades in the last month. Following this transaction Hassane El-Khoury’s holding in the company was increased by 1.2% to a total of $5.16 million.
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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 6.55M.
16 different firms, including Barclays and Merrill Lynch, currently also have a Buy rating on the stock. Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $21.40, reflecting a -26.3% downside. Starting in February 2018, CY received 12 Buy ratings in a row.
In the last 30 days, insiders have sold $119.6K worth of CY shares and purchased $17.34K worth of CY shares. The insider sentiment on Cypress Semicon has been neutral according to 64 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
Hassane El-Khoury’s trades have generated a -11.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
