Ffcm LLC Has $109,000 Holdings in Cypress Semiconductor Corporation (CY)

Ffcm LLC increased its stake in Cypress Semiconductor Corporation (NASDAQ:CY) by 139.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,145 shares of the semiconductor company’s stock after acquiring an additional 4,740 shares during the period. Ffcm LLC’s holdings in Cypress Semiconductor Corporation were worth $109,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Cigna Investments Inc. New boosted its holdings in Cypress Semiconductor Corporation by 0.6% during the second quarter. Cigna Investments Inc. New now owns 12,584 shares of the semiconductor company’s stock worth $173,000 after buying an additional 72 shares in the last quarter. Capstone Asset Management Co. boosted its holdings in Cypress Semiconductor Corporation by 0.8% during the second quarter. Capstone Asset Management Co. now owns 23,441 shares of the semiconductor company’s stock worth $320,000 after buying an additional 180 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Cypress Semiconductor Corporation by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,079 shares of the semiconductor company’s stock worth $656,000 after buying an additional 182 shares in the last quarter. Bank of Montreal Can boosted its holdings in Cypress Semiconductor Corporation by 1.6% during the second quarter. Bank of Montreal Can now owns 20,158 shares of the semiconductor company’s stock worth $276,000 after buying an additional 324 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Cypress Semiconductor Corporation by 3.2% during the first quarter. Private Advisor Group LLC now owns 11,487 shares of the semiconductor company’s stock worth $153,000 after buying an additional 360 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

A number of analysts recently weighed in on CY shares. Craig Hallum raised their target price on shares of Cypress Semiconductor Corporation from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Mizuho restated a “buy” rating and set a $17.00 target price on shares of Cypress Semiconductor Corporation in a report on Tuesday, August 29th. Zacks Investment Research upgraded shares of Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Thursday, June 29th. Loop Capital restated a “buy” rating and set a $17.00 target price on shares of Cypress Semiconductor Corporation in a report on Friday, July 28th. Finally, Barclays PLC upgraded shares of Cypress Semiconductor Corporation from an “equal weight” rating to an “overweight” rating in a research report on Friday, July 21st. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $16.75.

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Cypress Semiconductor Corporation (CY) traded up 1.2217% during midday trading on Friday, reaching $14.4747. 1,990,107 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $13.74 and its 200 day moving average is $13.75. The stock’s market cap is $4.81 billion. Cypress Semiconductor Corporation has a 1-year low of $9.63 and a 1-year high of $15.11.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Thursday, September 28th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Wednesday, September 27th. Cypress Semiconductor Corporation’s dividend payout ratio is presently -110.00%.

In other news, Director J Daniel Mccranie purchased 30,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were purchased at an average cost of $14.37 per share, with a total value of $431,100.00. Following the completion of the transaction, the director now owns 55,000 shares of the company’s stock, valued at approximately $790,350. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Camillo Martino acquired 10,000 shares of the firm’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 acquisition, the director now owns 20,000 shares of the company’s stock, valued at $258,400. The disclosure for this purchase can be found here. In the last three months, insiders bought 60,000 shares of company stock worth $834,100 and sold 330,075 shares worth $4,613,658. Insiders own 0.69% of the company’s stock.

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.

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

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