Calton & Associates Inc. Invests $269,000 in Cypress Semiconductor Co. (CY)

Calton & Associates Inc. purchased a new stake in shares of Cypress Semiconductor Co. (NASDAQ:CY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,186 shares of the semiconductor company’s stock, valued at approximately $269,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. TCW Group Inc. grew its holdings in Cypress Semiconductor by 13.8% during the third quarter. TCW Group Inc. now owns 13,463,003 shares of the semiconductor company’s stock worth $202,214,000 after acquiring an additional 1,628,930 shares during the period. Ameriprise Financial Inc. grew its holdings in Cypress Semiconductor by 34.1% during the third quarter. Ameriprise Financial Inc. now owns 12,262,029 shares of the semiconductor company’s stock worth $184,179,000 after acquiring an additional 3,116,871 shares during the period. State Street Corp grew its holdings in Cypress Semiconductor by 3.4% during the second quarter. State Street Corp now owns 9,176,862 shares of the semiconductor company’s stock worth $125,265,000 after acquiring an additional 302,001 shares during the period. Victory Capital Management Inc. grew its holdings in Cypress Semiconductor by 3.5% during the fourth quarter. Victory Capital Management Inc. now owns 5,904,237 shares of the semiconductor company’s stock worth $89,980,000 after acquiring an additional 197,432 shares during the period. Finally, Villere ST Denis J & Co. LLC acquired a new position in Cypress Semiconductor during the fourth quarter worth about $69,678,000. 98.42% of the stock is currently owned by hedge funds and other institutional investors.

In other Cypress Semiconductor news, SVP Sam Geha sold 14,517 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $17.34, for a total transaction of $251,724.78. Following the completion of the sale, the senior vice president now directly owns 41,204 shares in the company, valued at approximately $714,477.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Sudhir Gopalswamy sold 3,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $16.60, for a total value of $49,800.00. Following the sale, the senior vice president now owns 70,607 shares of the company’s stock, valued at $1,172,076.20. The disclosure for this sale can be found here. Insiders have sold a total of 23,517 shares of company stock valued at $399,295 over the last 90 days. Corporate insiders own 0.69% of the company’s stock.

CY has been the topic of a number of research analyst reports. BidaskClub lowered Cypress Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 21st. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price target on shares of Cypress Semiconductor in a research note on Friday, October 27th. Credit Suisse Group lifted their price target on Cypress Semiconductor from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Loop Capital reissued a “buy” rating and issued a $20.00 price target (up previously from $17.00) on shares of Cypress Semiconductor in a research note on Friday, October 27th. Finally, Barclays cut Cypress Semiconductor from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $18.00 to $17.00 in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $19.04.

Cypress Semiconductor Co. (NASDAQ CY) opened at $15.37 on Friday. The firm has a market capitalization of $5,130.00, a PE ratio of -54.89, a P/E/G ratio of 1.03 and a beta of 2.17. Cypress Semiconductor Co. has a 12 month low of $12.23 and a 12 month high of $17.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.59.

Cypress Semiconductor (NASDAQ:CY) last announced its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. Cypress Semiconductor had a positive return on equity of 12.48% and a negative net margin of 4.02%. The firm had revenue of $597.54 million during the quarter, compared to analyst estimates of $593.15 million. During the same period last year, the company posted $0.15 EPS. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. analysts expect that Cypress Semiconductor Co. will post 0.92 earnings per share for the current fiscal year.

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Cypress Semiconductor 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 (NASDAQ:CY)

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