Cypress Semiconductor Corp /de/ (CY): H Raymond Bingham , director of Cypress Semiconductor Corp /de/ sold 15,000 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were sold at $10.40 per share for a total value of $156,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 21, 2016, H Raymond Bingham (director) sold 20,000 shares at $10.26 per share price.On Mar 21, 2016, Hassane El-khoury (EVP, Programmable Systems) sold 30,000 shares at $0.00 per share price.Also, On Mar 15, 2016, Oc Kwon (director) sold 1,164 shares at $0.00 per share price.On Mar 1, 2016, Eric Benhamou (director) sold 82,404 shares at $0.00 per share price.
Shares of Cypress Semiconductor Corporation (CY) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -0.195 points or -1.83% at $10.44 with 76,39,673 shares getting traded. Post opening the session at $10.56, the shares hit an intraday low of $10.3 and an intraday high of $10.58 and the price vacillated in this range throughout the day. The company has a market cap of $3,255 M and the number of outstanding shares has been calculated to be 31,17,60,280 shares. The 52-week high of Cypress Semiconductor Corporation is $12.46 and the 52-week low is $6.3.
Company has been under the radar of several Street Analysts.Cypress Semiconductor Corporation is Reiterated by Craig Hallum to Buy and the brokerage firm has raised the Price Target to $ 12 from a previous price target of $10 .The Rating was issued on Apr 29, 2016.
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 (random access memories). 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.