SeaCrest Wealth Management LLC bought a new position in shares of Cypress Semiconductor Co. (NASDAQ:CY) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 33,896 shares of the semiconductor company’s stock, valued at approximately $517,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aperio Group LLC grew its holdings in shares of Cypress Semiconductor by 10.1% in the 4th quarter. Aperio Group LLC now owns 75,176 shares of the semiconductor company’s stock worth $1,146,000 after acquiring an additional 6,919 shares during the period. Comerica Bank grew its holdings in Cypress Semiconductor by 4.9% during the 4th quarter. Comerica Bank now owns 382,050 shares of the semiconductor company’s stock valued at $6,544,000 after buying an additional 17,860 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Cypress Semiconductor during the 4th quarter valued at $376,000. Victory Capital Management Inc. grew its holdings in Cypress Semiconductor by 3.5% during the 4th quarter. Victory Capital Management Inc. now owns 5,904,237 shares of the semiconductor company’s stock valued at $89,980,000 after buying an additional 197,432 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Cypress Semiconductor during the 4th quarter valued at $381,000. Institutional investors own 98.12% of the company’s stock.
A number of research analysts have weighed in on CY shares. KeyCorp increased their price target on Cypress Semiconductor from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Needham & Company LLC reissued a “buy” rating on shares of Cypress Semiconductor in a research note on Friday, February 2nd. Susquehanna Bancshares initiated coverage on Cypress Semiconductor in a research report on Wednesday, December 13th. They issued a “positive” rating and a $20.00 target price on the stock. Loop Capital reaffirmed a “buy” rating and issued a $20.00 target price on shares of Cypress Semiconductor in a research report on Monday, November 20th. Finally, Zacks Investment Research lowered Cypress Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $19.04.
In related news, SVP Sam Geha sold 14,517 shares of Cypress Semiconductor stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $17.34, for a total value of $251,724.78. Following the completion of the transaction, the senior vice president now directly owns 41,204 shares in the company, valued at $714,477.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor 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 completion of the transaction, 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 23,517 shares of company stock valued at $399,295 over the last 90 days. Insiders own 0.69% of the company’s stock.
Cypress Semiconductor Co. (CY) traded down $0.03 during trading hours on Wednesday, reaching $15.69. The company’s stock had a trading volume of 5,221,600 shares, compared to its average volume of 6,222,258. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $5,240.00, a price-to-earnings ratio of -56.04, a PEG ratio of 1.01 and a beta of 2.17. Cypress Semiconductor Co. has a one year low of $12.46 and a one year high of $17.90.
Cypress Semiconductor (NASDAQ:CY) last announced its earnings results on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The company had revenue of $597.54 million during the quarter, compared to the consensus estimate of $593.15 million. Cypress Semiconductor had a positive return on equity of 12.48% and a negative net margin of 4.02%. The company’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. research analysts predict that Cypress Semiconductor Co. will post 0.92 EPS 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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