Cypress Semiconductor Co. (NASDAQ:CY) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 42,991,740 shares, an increase of 10.9% from the December 31st total of 38,765,816 shares, Marketbeat.com reports. Based on an average daily volume of 9,083,037 shares, the short-interest ratio is presently 4.7 days. Currently, 13.4% of the company’s stock are short sold.

Cypress Semiconductor (NASDAQ:CY) opened at 7.41 on Wednesday. The stock has a 50 day moving average of $8.79 and a 200 day moving average of $9.79. The firm’s market capitalization is $2.46 billion. Cypress Semiconductor has a 12 month low of $7.18 and a 12 month high of $16.25.

Cypress Semiconductor (NASDAQ:CY) last posted its quarterly earnings results on Thursday, January 28th. The company reported $0.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The company had revenue of $456.40 million for the quarter, compared to the consensus estimate of $445.22 million. Cypress Semiconductor’s quarterly revenue was up 147.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. On average, equities analysts predict that Cypress Semiconductor will post $0.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 21st. Investors of record on Thursday, December 31st were given a dividend of $0.11 per share. The ex-dividend date was Tuesday, December 29th. This represents a $0.44 annualized dividend and a yield of 5.94%.

In other Cypress Semiconductor news, CEO Thurman J. Rodgers bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The stock was acquired at an average price of $10.50 per share, with a total value of $52,500.00. Following the completion of the transaction, the chief executive officer now owns 8,308,515 shares in the company, valued at $87,239,407.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

A number of institutional investors recently bought and sold shares of CY. Norman Fields, Gottscho Capital Management bought a new position in Cypress Semiconductor during the fourth quarter valued at $1,319,000. Three Peaks Capital Management raised its position in shares of Cypress Semiconductor by 19.9% in the fourth quarter. Three Peaks Capital Management now owns 569,259 shares of the company’s stock worth $5,584,000 after buying an additional 94,291 shares in the last quarter. Finally, Profit Investment Management acquired a new position in shares of Cypress Semiconductor during the fourth quarter worth $725,000.

CY has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating on shares of Cypress Semiconductor in a report on Saturday, October 10th. Barclays reduced their target price on shares of Cypress Semiconductor from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, October 23rd. Zacks Investment Research downgraded shares of Cypress Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday, October 21st. Oppenheimer initiated coverage on shares of Cypress Semiconductor in a report on Monday, December 14th. They set an “outperform” rating and a $14.00 target price for the company. Finally, Wedbush reaffirmed an “in-line” rating and set a $14.00 target price (down previously from $16.00) on shares of Cypress Semiconductor in a report on Monday, October 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Cypress Semiconductor currently has an average rating of “Buy” and a consensus price target of $11.72.

Cypress Semiconductor Corporation is a provider of mixed-signal programmable solutions. The Company’s offerings include PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. It caters to markets, including industrial, mobile handsets, consumer, computation, data communications, automotive and military. The Company operates in four segments: Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division. The Programmable Solutions Division designs and develops solutions for end-product manufacturers. The Memory Products Division designs and manufactures SRAM products and non-volatile RAMs (NASDAQ:CY). The Data Communications Division focuses on solutions for industrial, handset and consumer applications. The Emerging Technologies Division consists of the Company’s subsidiaries, AgigA Tech, Inc. and Deca Technologies, Inc.

12 Month Chart for NASDAQ:CY

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