UBS Asset Management Americas Inc. Has $3.09 Million Holdings in Cypress Semiconductor Corporation (CY)

UBS Asset Management Americas Inc. grew its position in Cypress Semiconductor Corporation (NASDAQ:CY) by 5.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 226,304 shares of the semiconductor company’s stock after acquiring an additional 11,590 shares during the period. UBS Asset Management Americas Inc. owned about 0.07% of Cypress Semiconductor Corporation worth $3,089,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CY. Ffcm LLC raised its position in shares of Cypress Semiconductor Corporation by 139.2% in the second quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 4,740 shares during the period. IFP Advisors Inc raised its position in shares of Cypress Semiconductor Corporation by 13.3% in the second quarter. IFP Advisors Inc now owns 8,628 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 1,014 shares during the period. Nordea Investment Management AB raised its position in shares of Cypress Semiconductor Corporation by 101.7% in the first quarter. Nordea Investment Management AB now owns 9,121 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 4,600 shares during the period. ING Groep NV acquired a new position in shares of Cypress Semiconductor Corporation in the second quarter worth about $138,000. Finally, Thompson Davis & CO. Inc. raised its position in shares of Cypress Semiconductor Corporation by 45.6% in the second quarter. Thompson Davis & CO. Inc. now owns 10,119 shares of the semiconductor company’s stock worth $138,000 after acquiring an additional 3,169 shares during the period. Institutional investors and hedge funds own 97.06% of the company’s stock.

In other Cypress Semiconductor Corporation news, Director Camillo Martino bought 10,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was bought at an average price of $12.92 per share, for a total transaction of $129,200.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $258,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J Daniel Mccranie bought 30,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were acquired at an average price of $14.37 per share, with a total value of $431,100.00. Following the transaction, the director now owns 55,000 shares of the company’s stock, valued at approximately $790,350. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 60,000 shares of company stock valued at $834,100. 0.69% of the stock is currently owned by company insiders.

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Shares of Cypress Semiconductor Corporation (NASDAQ:CY) opened at 15.76 on Friday. The stock’s market cap is $5.24 billion. Cypress Semiconductor Corporation has a 52 week low of $9.63 and a 52 week high of $16.11. The company’s 50-day moving average is $14.44 and its 200 day moving average is $13.93.

Cypress Semiconductor Corporation (NASDAQ:CY) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.05. Cypress Semiconductor Corporation had a negative net margin of 6.04% and a positive return on equity of 6.27%. The firm had revenue of $593.80 million during the quarter, compared to analysts’ expectations of $546.82 million. During the same quarter last year, the business earned $0.13 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. Analysts forecast that Cypress Semiconductor Corporation will post $0.80 earnings per share 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 given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Wednesday, September 27th. Cypress Semiconductor Corporation’s payout ratio is currently -110.00%.

CY has been the subject of a number of analyst reports. Barclays PLC upgraded shares of Cypress Semiconductor Corporation from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $14.00 to $18.00 in a research report on Wednesday, June 28th. Mizuho reiterated a “buy” rating and issued a $17.00 price objective on shares of Cypress Semiconductor Corporation in a research report on Tuesday, August 29th. KeyCorp set a $17.00 price objective on shares of Cypress Semiconductor Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Cypress Semiconductor Corporation in a research report on Monday, September 18th. Finally, Craig Hallum upped their price objective on shares of Cypress Semiconductor Corporation from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $17.09.

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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