Holderness Investments Co. lessened its stake in Cypress Semiconductor Corporation (NASDAQ:CY) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,626 shares of the semiconductor company’s stock after selling 3,150 shares during the quarter. Holderness Investments Co.’s holdings in Cypress Semiconductor Corporation were worth $1,571,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of CY. Ffcm LLC grew its position in shares of Cypress Semiconductor Corporation by 139.2% during the 2nd quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock worth $109,000 after buying an additional 4,740 shares during the period. IFP Advisors Inc grew its position in shares of Cypress Semiconductor Corporation by 13.3% during the 2nd quarter. IFP Advisors Inc now owns 8,628 shares of the semiconductor company’s stock worth $118,000 after buying an additional 1,014 shares during the period. ING Groep NV acquired a new stake in shares of Cypress Semiconductor Corporation during the 2nd quarter worth approximately $138,000. Thompson Davis & CO. Inc. grew its position in shares of Cypress Semiconductor Corporation by 45.6% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 10,119 shares of the semiconductor company’s stock worth $138,000 after buying an additional 3,169 shares during the period. Finally, Moloney Securities Asset Management LLC acquired a new stake in shares of Cypress Semiconductor Corporation during the 2nd quarter worth approximately $147,000. Hedge funds and other institutional investors own 95.05% of the company’s stock.
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In other news, EVP Trent Thad sold 74,818 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $15.77, for a total value of $1,179,879.86. Following the completion of the transaction, the executive vice president now owns 172,105 shares of the company’s stock, valued at $2,714,095.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Daniel Mccranie bought 30,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was bought at an average cost of $14.37 per share, with a total value of $431,100.00. Following the acquisition, the director now directly owns 55,000 shares of the company’s stock, valued at approximately $790,350. The disclosure for this purchase can be found here. Insiders have sold 86,087 shares of company stock valued at $1,367,772 in the last ninety days. 0.69% of the stock is currently owned by company insiders.
Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Loop Capital reissued a “buy” rating and set a $17.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Tuesday, August 22nd. SunTrust Banks, Inc. reissued a “buy” rating and set a $19.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Thursday, October 12th. KeyCorp reissued an “overweight” rating on shares of Cypress Semiconductor Corporation in a research note on Thursday, September 14th. Finally, Craig Hallum reissued a “buy” rating and set a $20.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.67.
Shares of Cypress Semiconductor Corporation (CY) traded down $0.15 on Thursday, reaching $17.18. 3,700,000 shares of the company’s stock were exchanged, compared to its average volume of 6,352,361. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.92 and a current ratio of 1.35. Cypress Semiconductor Corporation has a 1 year low of $10.51 and a 1 year high of $17.42. The company has a market capitalization of $5,782.41, a price-to-earnings ratio of 36.10, a P/E/G ratio of 3.12 and a beta of 2.02.
Cypress Semiconductor Corporation (NASDAQ:CY) last announced its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04. Cypress Semiconductor Corporation had a negative net margin of 5.75% and a positive return on equity of 9.01%. The business had revenue of $604.57 million for the quarter, compared to analyst estimates of $602.16 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. research analysts forecast that Cypress Semiconductor Corporation will post 0.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Thursday, December 28th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $0.44 annualized dividend and a yield of 2.56%. Cypress Semiconductor Corporation’s dividend payout ratio is -110.00%.
Cypress Semiconductor Corporation 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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