Cypress Semiconductor Corporation (CY) Position Increased by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. increased its stake in Cypress Semiconductor Corporation (NASDAQ:CY) by 45.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,119 shares of the semiconductor company’s stock after purchasing an additional 3,169 shares during the period. Thompson Davis & CO. Inc.’s holdings in Cypress Semiconductor Corporation were worth $138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CY. Capstone Asset Management Co. lifted its stake in Cypress Semiconductor Corporation by 3.9% during the 1st quarter. Capstone Asset Management Co. now owns 23,261 shares of the semiconductor company’s stock valued at $320,000 after acquiring an additional 880 shares during the period. IFP Advisors Inc lifted its stake in Cypress Semiconductor Corporation by 11.6% during the 1st quarter. IFP Advisors Inc now owns 7,614 shares of the semiconductor company’s stock valued at $105,000 after acquiring an additional 794 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Cypress Semiconductor Corporation by 1.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 114,455 shares of the semiconductor company’s stock valued at $1,575,000 after acquiring an additional 1,600 shares during the period. Great West Life Assurance Co. Can lifted its stake in Cypress Semiconductor Corporation by 5.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 196,803 shares of the semiconductor company’s stock valued at $2,705,000 after acquiring an additional 10,482 shares during the period. Finally, State Treasurer State of Michigan lifted its stake in Cypress Semiconductor Corporation by 3.0% during the 1st quarter. State Treasurer State of Michigan now owns 133,200 shares of the semiconductor company’s stock valued at $1,833,000 after acquiring an additional 3,900 shares during the period. Institutional investors own 97.36% of the company’s stock.

Several brokerages have commented on CY. Craig Hallum restated a “buy” rating and set a $20.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Thursday, August 31st. Mizuho restated a “buy” rating and set a $17.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Tuesday, August 29th. Loop Capital restated a “buy” rating and set a $17.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Tuesday, August 22nd. TheStreet upgraded shares of Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a research note on Thursday, July 27th. Finally, Needham & Company LLC lifted their price objective on shares of Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $16.75.

In other Cypress Semiconductor Corporation news, Director Catherine P. Lego bought 20,000 shares of Cypress Semiconductor Corporation stock in a transaction on Wednesday, September 6th. The stock was bought at an average price of $13.69 per share, with a total value of $273,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dana Nazarian sold 250,075 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $14.10, for a total value of $3,526,057.50. Following the completion of the sale, the executive vice president now directly owns 302,657 shares of the company’s stock, valued at approximately $4,267,463.70. The disclosure for this sale can be found here. In the last three months, insiders sold 330,075 shares of company stock valued at $4,613,658. 0.69% of the stock is owned by corporate insiders.

Shares of Cypress Semiconductor Corporation (NASDAQ CY) traded down 1.25% during midday trading on Friday, reaching $13.47. 2,846,783 shares of the company traded hands. The stock’s 50-day moving average is $13.80 and its 200-day moving average is $13.71. Cypress Semiconductor Corporation has a 1-year low of $9.63 and a 1-year high of $15.11. The stock’s market capitalization is $4.48 billion.

Cypress Semiconductor Corporation (NASDAQ:CY) last released its earnings results on Thursday, July 27th. The semiconductor company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. The company had revenue of $593.80 million during the quarter, compared to the consensus estimate of $546.82 million. During the same quarter last year, the company earned $0.13 earnings per share. Cypress Semiconductor Corporation’s quarterly revenue was up 11.6% compared to the same quarter last year. Equities analysts predict that Cypress Semiconductor Corporation will post $0.80 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, September 28th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Wednesday, September 27th. Cypress Semiconductor Corporation’s dividend payout ratio (DPR) is currently -110.00%.

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Cypress Semiconductor Corporation Company Profile

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The Company’s segments include Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD). MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions.

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Institutional Ownership by Quarter for Cypress Semiconductor Corporation (NASDAQ:CY)

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