ARP Americas LLC cut its position in shares of Cypress Semiconductor Corporation (NASDAQ:CY) by 33.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,458 shares of the semiconductor company’s stock after selling 9,700 shares during the quarter. ARP Americas LLC’s holdings in Cypress Semiconductor Corporation were worth $292,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in CY. Wellington Management Group LLP increased its stake in Cypress Semiconductor Corporation by 32.3% during the first quarter. Wellington Management Group LLP now owns 134,130 shares of the semiconductor company’s stock worth $1,846,000 after acquiring an additional 32,745 shares during the last quarter. FMR LLC increased its stake in Cypress Semiconductor Corporation by 230.4% during the first quarter. FMR LLC now owns 3,014,980 shares of the semiconductor company’s stock worth $41,487,000 after acquiring an additional 2,102,360 shares during the last quarter. Legal & General Group Plc increased its stake in Cypress Semiconductor Corporation by 144.8% during the first quarter. Legal & General Group Plc now owns 215,915 shares of the semiconductor company’s stock worth $2,971,000 after acquiring an additional 127,706 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in Cypress Semiconductor Corporation by 12.3% during the first quarter. Thrivent Financial For Lutherans now owns 60,980 shares of the semiconductor company’s stock worth $839,000 after acquiring an additional 6,700 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Cypress Semiconductor Corporation by 10.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,300,387 shares of the semiconductor company’s stock worth $17,894,000 after acquiring an additional 120,359 shares during the last quarter. Institutional investors own 97.27% of the company’s stock.
In other Cypress Semiconductor Corporation news, Director Camillo Martino acquired 10,000 shares of the stock in a transaction on Monday, August 21st. The stock was purchased at an average price of $12.92 per share, for a total transaction of $129,200.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at $258,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Trent Thad sold 74,818 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 172,105 shares of the company’s stock, valued at approximately $2,714,095.85. The disclosure for this sale 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 owned by insiders.
Shares of Cypress Semiconductor Corporation (NASDAQ CY) opened at $16.10 on Friday. Cypress Semiconductor Corporation has a 12 month low of $9.68 and a 12 month high of $16.34. The company has a current ratio of 1.35, a quick ratio of 1.82 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $5.37 billion, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 2.87 and a beta of 2.02.
Cypress Semiconductor Corporation (NASDAQ:CY) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Cypress Semiconductor Corporation had a positive return on equity of 9.01% and a negative net margin of 5.75%. The firm had revenue of $604.57 million during the quarter, compared to analyst estimates of $602.16 million. During the same quarter last year, the firm earned $0.15 EPS. Cypress Semiconductor Corporation’s quarterly revenue was up 14.0% on a year-over-year basis. equities research analysts forecast that Cypress Semiconductor Corporation will post 0.56 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, September 28th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, September 27th. This represents a $0.44 dividend on an annualized basis and a yield of 2.73%. Cypress Semiconductor Corporation’s dividend payout ratio (DPR) is presently -110.00%.
A number of research firms have recently issued reports on CY. Zacks Investment Research lowered Cypress Semiconductor Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub upgraded Cypress Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Barclays PLC lowered Cypress Semiconductor Corporation from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $18.00 to $17.00 in a research note on Tuesday. Loop Capital reiterated a “buy” rating and issued a $20.00 target price (up previously from $17.00) on shares of Cypress Semiconductor Corporation in a research note on Friday, October 27th. Finally, Credit Suisse Group increased their target price on Cypress Semiconductor Corporation from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Cypress Semiconductor Corporation currently has an average rating of “Buy” and a consensus price target of $17.67.
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About Cypress Semiconductor Corporation
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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