Insider Trading Trends At Cypress Semiconductor Corporation (CY)

The insider sell/buy ratio of Cypress Semiconductor Corporation (NASDAQ:CY) is recorded at 13.67, pointing to bearish feelings about the stock among corporate executives and directors. CY recorded 8 sales on the open market in the last three months. They sold nearly 68,325 shares while purchases amounted to 5,000 shares that period. Looking even further back to 12 months, corporate insiders offloaded 536,843 shares when buyers snapped up 15,000 shares. The 12-month’s totals signify about a 35.79-to-1 sell/buy ratio.

El-Khoury Hassane parted with a total of 50 thousand shares of Cypress Semiconductor Corporation (CY) at average share price of $13.88. This insider trade in the company took place on 11/29/2018. The total for the sales was set at $694 thousand. After this transaction, the President & CEO account balance stood at 296.54 thousand shares. The stock lost -3.67 percent since that insider sale. On 11/16/2018, Gopalswamy Sudhir, EVP, Microcontroller/Connect, sold 3 thousand shares at a price per share of $14. This removed 42 thousand shares from the insider’s fortune and the stock saw a -4.5 percent retreat in value since the news became public. This transaction left 109.27 thousand shares in the EVP, Microcontroller/Connect account.

On 11/13/2018, Director Martino Camillo performed a purchase transaction worth $64 thousand. This purchase at $12.8 each has added 5 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded 4.45 percent increase since the transaction was reported. The insider now is left with 44.8 thousand shares remaining in the account. Gopalswamy Sudhir, who performs the EVP, Microcontroller/Connect job, sold 3 thousand shares for $42 thousand. The disposal occurred on 10/17/2018 was priced at $14 per share. The share price plunged -4.5 percent since the reporting date. Gopalswamy Sudhir now left with a stake of 111.16 thousand CY stock worth $1.49 million after the insider selling.

The 12-month median price target for Cypress Semiconductor Corporation (CY) assigned by the analysts stands at $16, which represents a return potential of 19.67 percent when compared to the closing price of the stock of $13.37 on Thursday, December 06. The lowest price target for the stock is $12 — slightly more than -10.25 percent from CY’s current share price. The stock will probably climb 22.06 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $20-month high price target. This represents a whopping 49.59 percent increase from where shares are trading today.

On momentum oscillators front, ‘RSI’ has touched 46.82 on daily chart, which may remain a cause for concern. If the price breaks below $12.86 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $13.56 mark may result into a pull-back move towards $13.74 level. The stock is currently hovering around the first support level of $13.12. Below this, the next support is placed in the zone of $12.86. Till the time, the CY stock trades above this level, bulls have nothing to fear.

Shares of Cypress Semiconductor Corporation (CY) are trading at a P/E ratio of 220.67 times earnings reported for the past 12 months. The industry CY operates in has an average P/E of 7.69. Its P/E ratio went as low as 137.67X and as high as 137.67 over the 5-year span. Further, it is sporting a 1.95 on the Price-to-Sales ratio. Compare this with the industry average P/S of 12.94. 39.5 percent is the gross profit margin for Cypress Semiconductor Corporation and operating margin sits at 8.6 percent. Along with this, the net profit margin is 2.6 percent.

On 6th of December, Cypress Semiconductor Corporation (NASDAQ:CY) shares ended lower after a volatile session. The shares dropped -0.37 points or -2.69 percent at $13.37 with a heavy trade volume of 7.006 million shares. After opening the session at $13.19, the shares went as high as $13.49 and as low as $13.05, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $4.82 billion and now has 360.39 million shares outstanding. Cypress Semiconductor Corporation (CY) stock has gained 0.22 percent of market value in 21 trading days.

In last reported earnings results, CY earned $0.4 per share, better than the $0.38, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $673M, better than the $669M analysts expected. Earnings are estimated to increase by 83.6 percent this year, -10.14 percent next year and continue to increase by 13.5 percent annually for the next 5 years. Investors will get their next glimpse of CY’s Q4 earnings on January 24. Analysts are forecasting revenue to climb 0.4 percent to $600M in the next fiscal quarter, while earnings are seen soaring by nearly 17.86 percent to $0.33 per share. History has shown that shares in Cypress Semiconductor Corporation have gone up on 20 different earnings reaction days and are predicted to add 0.04 percent when the company reports upcoming earnings.

CY stock has a trailing 3-year beta of 2.11, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.06 a share in the trailing twelve months. The stock’s value has fallen -12.27 percent year to date (YTD) against a decline of -9.54 percent in 12 month’s time. The company’s shares still trade -29.16 percent away from its 1-year high of $18.87 and 13.79 percent up from 52-week low of $11.75. The average consensus rating on the company is 2.4, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.