Today, the President & CEO of Cypress Semicon (NASDAQ: CY), Hassane El-Khoury, bought shares of CY for $150.2K.
This recent transaction increases Hassane El-Khoury’s holding in the company by 3.33% to a total of $4.61 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. The company has a one-year high of $18.87 and a one-year low of $12.50. Currently, Cypress Semicon has an average volume of 655.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $21.33, reflecting a -30.4% downside. 15 different firms, including Barclays and Merrill Lynch, currently also have a Buy rating on the stock. Starting in February 2018, CY received 7 Buy ratings in a row.
The insider sentiment on Cypress Semicon has been negative according to 54 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Hassane El-Khoury’s trades have generated a -20.6% 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. Its programmable systems-on-chip, general-purpose microcontrollers, analog ICs, wireless and USB-C based connectivity solutions and memories help engineers design differentiated products. The company operates through the following segments: Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD). The MCD segment focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions. The portfolio includes Traveo automotive MCUs, PSoC programmable system-on-chip MCUs, ARM Cortex-M4, -M3, -M0+ MCUs and R4 CCypress 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. Its programmable systems-on-chip, general-purpose microcontrollers, analog ICs, wireless and USB-C based connectivity solutions and memories help engineers design differentiated products. The company operates through the following segments: Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD). The MCD segment focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions. The portfolio includes Traveo automotive MCUs, PSoC programmable system-on-chip MCUs, ARM Cortex-M4, -M3, -M0+ MCUs and R4 CPUs, analog PMIC Power Management ICs, CapSense capacitive-sensing controllers, TrueTouch touchscreen and fingerprint reader products, Wi-Fi, Bluetooth, Bluetooth Low Energy and ZigBee radios and WICED development platform for the Internet of Things, and USB controllers, including solutions for the USB-C and USB Power Delivery standards. This segment also includes intellectual property foundry business. The MPD segment focuses on parallel and serial NOR flash memories, NAND flash memories, static random access memory, F-RAM ferroelectric memory devices and other specialty memories. Cypress Semiconductor was founded by Thurman John Rodgers in December 1982 and is headquartered in San Jose, CA. PUs, analog PMIC Power Management ICs, CapSense capacitive-sensing controllers, TrueTouch touchscreen and fingerprint reader products, Wi-Fi, Bluetooth, Bluetooth Low Energy and ZigBee radios and WICED development platform for the Internet of Things, and USB controllers, including solutions for the USB-C and USB Power Delivery standards. This segment also includes intellectual property foundry business. The MPD segment focuses on parallel and serial NOR flash memories, NAND flash memories, static random access memory, F-RAM ferroelectric memory devices and other specialty memories. Cypress Semiconductor was founded by Thurman John Rodgers in December 1982 and is headquartered in San Jose, CA.