NEW YORK ( TheStreet) -- The ex-dividend date for Cypress Semiconductor Corporation (Nasdaq: CY) is tomorrow, March 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $15.78 as of 9:30 a.m. ET, the dividend yield is 2.9%. The average volume for Cypress Semiconductor has been 2.8 million shares per day over the past 30 days. Cypress Semiconductor has a market cap of $2.91 billion and is part of the technology sector and electronics industry. Shares are down 9.5% year to date as of the close of trading on Friday. Cypress Semiconductor Corporation designs, develops, manufactures, and markets mixed-signal and programmable solutions worldwide. The company has a P/E ratio of 17, below the average electronics industry P/E ratio of 24.8 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Cypress Semiconductor as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, notable return on equity, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Cypress Semiconductor Ratings Report. See our dividend calendar or top-yielding stocks list.