Marathon Capital Management Grows Holdings in Cypress Semiconductor Corporation (NASDAQ:CY)

Marathon Capital Management increased its stake in Cypress Semiconductor Corporation (NASDAQ:CY) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,950 shares of the semiconductor company’s stock after purchasing an additional 1,975 shares during the quarter. Cypress Semiconductor Corporation comprises about 1.2% of Marathon Capital Management’s portfolio, making the stock its 14th biggest holding. Marathon Capital Management owned 0.06% of Cypress Semiconductor Corporation worth $2,552,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Cigna Investments Inc. New lifted its holdings in Cypress Semiconductor Corporation by 0.6% in the 2nd quarter. Cigna Investments Inc. New now owns 12,584 shares of the semiconductor company’s stock valued at $173,000 after acquiring an additional 72 shares during the last quarter. Capstone Asset Management Co. lifted its holdings in Cypress Semiconductor Corporation by 0.8% in the 2nd quarter. Capstone Asset Management Co. now owns 23,441 shares of the semiconductor company’s stock valued at $320,000 after acquiring an additional 180 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Cypress Semiconductor Corporation by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,079 shares of the semiconductor company’s stock valued at $656,000 after acquiring an additional 182 shares during the last quarter. Bank of Montreal Can lifted its holdings in Cypress Semiconductor Corporation by 1.6% in the 2nd quarter. Bank of Montreal Can now owns 20,158 shares of the semiconductor company’s stock valued at $276,000 after acquiring an additional 324 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Cypress Semiconductor Corporation by 3.2% in the 1st quarter. Private Advisor Group LLC now owns 11,487 shares of the semiconductor company’s stock valued at $153,000 after acquiring an additional 360 shares during the last quarter. 97.36% of the stock is owned by institutional investors and hedge funds.

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Cypress Semiconductor Corporation (NASDAQ:CY) traded up 0.63% on Friday, reaching $14.39. The company’s stock had a trading volume of 4,215,293 shares. Cypress Semiconductor Corporation has a 12 month low of $9.63 and a 12 month high of $15.11. The company’s market cap is $4.78 billion. The company has a 50-day moving average price of $13.74 and a 200 day moving average price of $13.75.

Cypress Semiconductor Corporation (NASDAQ:CY) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.05. The company had revenue of $593.80 million during the quarter, compared to the consensus estimate of $546.82 million. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. Cypress Semiconductor Corporation’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. On average, equities research analysts anticipate that Cypress Semiconductor Corporation will post $0.80 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Investors 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 dividend yield of 3.08%. The ex-dividend date is Wednesday, September 27th. Cypress Semiconductor Corporation’s payout ratio is -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 stock was purchased at an average price of $14.37 per share, with a total value of $431,100.00. Following the completion of the purchase, the director now directly owns 55,000 shares in the company, valued at approximately $790,350. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Camillo Martino purchased 10,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were purchased at an average cost of $12.92 per share, with a total value of $129,200.00. Following the purchase, 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. Over the last ninety days, insiders have purchased 60,000 shares of company stock valued at $834,100 and have sold 330,075 shares valued at $4,613,658. Company insiders own 0.69% of the company’s stock.

A number of research firms have commented on CY. KeyCorp reaffirmed an “overweight” rating on shares of Cypress Semiconductor Corporation in a research note on Thursday. Loop Capital reiterated a “buy” rating and issued a $17.00 target price on shares of Cypress Semiconductor Corporation in a report on Tuesday, August 22nd. Craig Hallum reiterated a “buy” rating and issued a $20.00 target price on shares of Cypress Semiconductor Corporation in a report on Thursday, August 31st. TheStreet upgraded Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a report on Thursday, July 27th. Finally, Needham & Company LLC increased their price objective on Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, July 28th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Cypress Semiconductor Corporation currently has an average rating of “Buy” and a consensus price target of $16.75.

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.

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

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