HBK Investments L P lifted its holdings in shares of Cypress Semiconductor Co. (NASDAQ:CY) by 17.6% in the fourth quarter, HoldingsChannel reports. The fund owned 368,470 shares of the semiconductor company’s stock after purchasing an additional 55,195 shares during the period. HBK Investments L P’s holdings in Cypress Semiconductor were worth $5,615,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. San Francisco Sentry Investment Group CA grew its stake in Cypress Semiconductor by 1,061.4% in the third quarter. San Francisco Sentry Investment Group CA now owns 6,655 shares of the semiconductor company’s stock worth $100,000 after purchasing an additional 6,082 shares during the period. Thompson Davis & CO. Inc. grew its stake in Cypress Semiconductor by 750.0% in the fourth quarter. Thompson Davis & CO. Inc. now owns 8,500 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 7,500 shares during the period. Contravisory Investment Management Inc. purchased a new stake in Cypress Semiconductor in the fourth quarter worth $145,000. Wolverine Asset Management LLC grew its stake in Cypress Semiconductor by 61.3% in the fourth quarter. Wolverine Asset Management LLC now owns 10,724 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 4,075 shares during the period. Finally, ClariVest Asset Management LLC grew its stake in Cypress Semiconductor by 80.6% in the third quarter. ClariVest Asset Management LLC now owns 12,321 shares of the semiconductor company’s stock worth $185,000 after purchasing an additional 5,500 shares during the period. Institutional investors own 85.80% of the company’s stock.
In related news, SVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $15.51, for a total transaction of $46,530.00. Following the sale, the senior vice president now directly owns 68,445 shares of the company’s stock, valued at $1,061,581.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Hassane El-Khoury sold 43,991 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $17.60, for a total value of $774,241.60. The disclosure for this sale can be found here. Insiders have sold 83,643 shares of company stock worth $1,468,930 over the last ninety days. 0.69% of the stock is currently owned by insiders.
Shares of Cypress Semiconductor Co. (NASDAQ CY) opened at $18.46 on Thursday. The company has a current ratio of 1.22, a quick ratio of 0.82 and a debt-to-equity ratio of 0.53. Cypress Semiconductor Co. has a 12-month low of $12.50 and a 12-month high of $18.87. The company has a market capitalization of $6,506.93, a price-to-earnings ratio of -65.93, a P/E/G ratio of 1.18 and a beta of 2.07.
Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.28 EPS for the quarter, beating the 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 company had revenue of $597.54 million for the quarter, compared to analysts’ expectations of $593.15 million. During the same period last year, the firm posted $0.15 earnings per share. Cypress Semiconductor’s revenue was up 12.7% compared to the same quarter last year. research analysts predict that Cypress Semiconductor Co. will post 0.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Investors of record on Thursday, March 29th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.44 annualized dividend and a dividend yield of 2.38%. Cypress Semiconductor’s dividend payout ratio (DPR) is presently -157.14%.
Several equities research analysts recently weighed in on CY shares. Zacks Investment Research raised Cypress Semiconductor from a “strong sell” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Wednesday, January 31st. Morgan Stanley reaffirmed an “underweight” rating and issued a $14.50 price target on shares of Cypress Semiconductor in a research note on Wednesday, December 13th. Craig Hallum increased their target price on Cypress Semiconductor from $21.00 to $23.00 and gave the stock a “buy” 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. Finally, Mizuho reissued a “buy” rating and issued a $20.00 target price (up from $18.00) on shares of Cypress Semiconductor in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $19.04.
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Cypress Semiconductor 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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