HBK Investments L P grew its holdings in Cypress Semiconductor Co. (NASDAQ:CY) by 17.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 368,470 shares of the semiconductor company’s stock after acquiring an additional 55,195 shares during the period. HBK Investments L P owned about 0.11% of Cypress Semiconductor worth $5,615,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of CY. San Francisco Sentry Investment Group CA grew its holdings in Cypress Semiconductor by 1,061.4% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 6,655 shares of the semiconductor company’s stock worth $100,000 after acquiring an additional 6,082 shares in the last quarter. Thompson Davis & CO. Inc. lifted its position in shares of Cypress Semiconductor by 750.0% in the 4th quarter. Thompson Davis & CO. Inc. now owns 8,500 shares of the semiconductor company’s stock worth $130,000 after buying an additional 7,500 shares during the last quarter. Contravisory Investment Management Inc. bought a new position in shares of Cypress Semiconductor in the 4th quarter worth about $145,000. Wolverine Asset Management LLC lifted its position in shares of Cypress Semiconductor by 61.3% in the 4th quarter. Wolverine Asset Management LLC now owns 10,724 shares of the semiconductor company’s stock worth $163,000 after buying an additional 4,075 shares during the last quarter. Finally, ClariVest Asset Management LLC lifted its position in shares of Cypress Semiconductor by 80.6% in the 3rd quarter. ClariVest Asset Management LLC now owns 12,321 shares of the semiconductor company’s stock worth $185,000 after buying an additional 5,500 shares during the last quarter. 85.79% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on CY shares. Susquehanna Bancshares started coverage on shares of Cypress Semiconductor in a research report on Wednesday, December 13th. They issued a “positive” rating and a $20.00 price objective on the stock. Morgan Stanley restated an “underweight” rating and set a $14.50 price target on shares of Cypress Semiconductor in a research report on Wednesday, December 13th. Piper Jaffray assumed coverage on shares of Cypress Semiconductor in a research report on Monday, December 18th. They set an “overweight” rating and a $20.00 price target on the stock. Zacks Investment Research cut shares of Cypress Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Finally, BidaskClub raised shares of Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $19.19.
NASDAQ CY opened at $16.29 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $6,066.08, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 1.09 and a beta of 2.05. Cypress Semiconductor Co. has a 12-month low of $12.50 and a 12-month high of $18.87.
Cypress Semiconductor (NASDAQ:CY) last issued its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. Cypress Semiconductor had a negative net margin of 4.02% and a positive return on equity of 12.48%. The business had revenue of $597.54 million during the quarter, compared to analysts’ expectations of $593.15 million. During the same period in the previous year, the company earned $0.15 earnings per share. Cypress Semiconductor’s revenue for the quarter was up 12.7% on a year-over-year basis. analysts anticipate that Cypress Semiconductor Co. will post 0.92 EPS for the current fiscal year.
The business also recently announced 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. This represents a $0.44 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Wednesday, March 28th. Cypress Semiconductor’s dividend payout ratio (DPR) is currently 73.33%.
In other news, EVP Sam Geha sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $18.49, for a total value of $184,900.00. Following the sale, the executive vice president now owns 64,447 shares of the company’s stock, valued at approximately $1,191,625.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Sudhir Gopalswamy sold 3,000 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $16.25, for a total transaction of $48,750.00. Following the completion of the sale, the executive vice president now directly owns 91,509 shares in the company, valued at approximately $1,487,021.25. The disclosure for this sale can be found here. Insiders have sold 83,643 shares of company stock worth $1,478,110 in the last ninety days. 0.69% of the stock is currently owned by insiders.
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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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