Cypress Semiconductor Corporation (CY) Stake Lowered by Teachers Advisors LLC

Teachers Advisors LLC cut its stake in Cypress Semiconductor Corporation (NASDAQ:CY) by 1.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 801,165 shares of the semiconductor company’s stock after selling 12,313 shares during the period. Teachers Advisors LLC owned 0.24% of Cypress Semiconductor Corporation worth $11,024,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CY. IFP Advisors Inc boosted its stake in shares of Cypress Semiconductor Corporation by 11.6% in the first quarter. IFP Advisors Inc now owns 7,614 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 794 shares during the period. Nordea Investment Management AB boosted its stake 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 valued at $126,000 after buying an additional 4,600 shares during the period. ClariVest Asset Management LLC boosted its stake in shares of Cypress Semiconductor Corporation by 101.7% in the first quarter. ClariVest Asset Management LLC now owns 9,121 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 4,600 shares during the period. IMS Capital Management bought a new stake in shares of Cypress Semiconductor Corporation during the first quarter valued at approximately $141,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Cypress Semiconductor Corporation during the fourth quarter valued at approximately $152,000. Institutional investors own 95.17% of the company’s stock.

Cypress Semiconductor Corporation (CY) opened at 14.65 on Monday. The firm’s 50-day moving average is $13.79 and its 200 day moving average is $13.28. Cypress Semiconductor Corporation has a 12-month low of $9.63 and a 12-month high of $14.98. The stock’s market capitalization is $4.83 billion.

Cypress Semiconductor Corporation (NASDAQ:CY) last posted its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. Cypress Semiconductor Corporation had a negative net margin of 30.84% and a positive return on equity of 5.31%. The company had revenue of $532 million during the quarter, compared to analyst estimates of $511.41 million. During the same period in the prior year, the firm earned $0.07 earnings per share. Equities research analysts anticipate that Cypress Semiconductor Corporation will post $0.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, June 29th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Tuesday, June 27th. Cypress Semiconductor Corporation’s dividend payout ratio is presently -22.22%.

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Several analysts recently commented on the stock. Barclays PLC upgraded shares of Cypress Semiconductor Corporation from an “equal weight” rating to an “overweight” rating in a research note on Friday. KeyCorp reiterated an “overweight” rating and issued a $17.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Thursday, June 29th. Bank of America Corporation reiterated a “buy” rating and issued a $18.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Thursday, May 25th. Finally, Stephens reiterated an “overweight” rating on shares of Cypress Semiconductor Corporation in a research note on Tuesday, May 9th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $16.17.

In other news, Director Oc Kwon sold 6,385 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $14.01, for a total value of $89,453.85. Following the transaction, the director now owns 69,124 shares in the company, valued at approximately $968,427.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric Benhamou sold 50,000 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $13.31, for a total value of $665,500.00. Following the completion of the transaction, the director now owns 89,997 shares in the company, valued at approximately $1,197,860.07. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by corporate insiders.

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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