NEW YORK (

TheStreet

) -- The ex-dividend date for

Cypress Semiconductor Corporation

(Nasdaq:

CY

) is Tuesday, January 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $16.86 as of 9:30 a.m. ET, the dividend yield is 2.2%.

The average volume for Cypress Semiconductor has been 3.3 million shares per day over the past 30 days. Cypress Semiconductor has a market cap of $2.57 billion and is part of the

technology

sector and

electronics

industry. Shares are down 10.7% year to date as of the close of trading on Thursday.

Cypress Semiconductor Corporation designs, develops, manufactures, and markets mixed-signal programmable solutions worldwide. The company has a P/E ratio of 21.8, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Cypress Semiconductor as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Cypress Semiconductor Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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