Increases Stake in Cypress Semiconductor Corporation (CY)

Gladys Abbott
August 13, 2017

Spot Trading Llc acquired 51,900 shares as Cvr Energy Inc (Call) (CVI)'s stock declined 10.11%. Institutional investors and hedge funds own 95.87% of the company's stock. Barclays PLC boosted their price objective on shares of Cypress Semiconductor Corporation from $12.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 19th. ClariVest Asset Management LLC boosted its position in Cypress Semiconductor Corporation by 101.7% in the first quarter. Finally, State Street Corp boosted its position in shares of Cypress Semiconductor Corporation by 3.0% in the first quarter. Peregrine Capital Management LLC now owns 3,360,752 shares of the semiconductor company's stock worth $47,857,000 after buying an additional 1,118,807 shares during the last quarter. Peregrine Capital Management LLC boosted its stake in shares of Cypress Semiconductor Corporation by 49.9% in the first quarter. Accern also gave news articles about the semiconductor company an impact score of 45.9736876881951 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Investors and Traders continue to monitor technical levels of shares of Cypress Semiconductor Corporation (CY). Cypress Semiconductor Corporation has a 52-week low of $9.63 and a 52-week high of $15.11. Latest closing price was -5.17% below its 50-day moving average and 3.46% above its 200-day moving average.

Institutional investors now hold around $4.55 billion or 98.4% in CY stock.

Cypress Semiconductor Corporation (NASDAQ:CY) last announced its earnings results on Thursday, July 27th.

In the latest earnings report the EPS was $-0.41 and is expected to be $0.80 for the current year with 332,488,000 shares now outstanding. The business had revenue of $593.80 million during the quarter, compared to analysts' expectations of $546.82 million.

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Now we take a performance look how Cypress Semiconductor Corporation (CY) has been performing in different time periods. Snow Management Ltd Partnership has 1.96% invested in Cypress Semiconductor Corporation (NASDAQ:CY). During the same quarter in the previous year, the firm earned $0.13 EPS. Equities research analysts predict that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current year. The company also declared a dividend which was paid on Thursday July 20th, 2017. Stockholders of record on Thursday, September 28th will be issued a $0.11 dividend. The ex-dividend date was Tuesday the 27th of June 2017. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.33%. Lam Research Corporation's dividend payout ratio (DPR) is 19.57%. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and global copyright and trademark legislation.

Cypress Semiconductor Corporation (CY) traded up 0.45% during trading on Friday, reaching $13.28.

Several analysts have recently issued reports on CY shares. Bank of America Corporation restated a "buy" rating and set a $195.00 target price (up from $165.00) on shares of Lam Research Corporation in a research report on Sunday, June 11th.

Tcw Group Inc reports that it raised its investment in Cypress Semiconductor Corporati stock by 48,657.2% as reported in a filing on 08/11/2017. Morgan Stanley restated an "overweight" rating on shares of Lam Research Corporation in a research report on Friday, July 7th. Finally, Zacks Investment Research lowered shares of Cypress Semiconductor Corporation from a "buy" rating to a "hold" rating in a research note on Wednesday, May 10th. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. The stock now has a consensus rating of "Buy" and an average target price of $16.67. The stock grabbed 69 new institutional investments totaling 25,930,075 shares while 33 institutional investors sold out their entire positions totaling 13,754,037 shares.

Many analysts are providing their Estimated Earnings analysis for Cypress Semiconductor Corporation and for the current quarter 14 analysts have projected that the stock could give an Average Earnings estimate of $0.23/share. Vanguard Group Inc. now owns 16,162,079 shares of the semiconductor company's stock valued at $2,285,802,000 after buying an additional 411,951 shares in the last quarter. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Dana Nazarian sold 250,075 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $155.41, for a total value of $116,557.50. Following the transaction, the executive vice president now owns 302,657 shares of the company's stock, valued at $4,267,463.70. The disclosure for this sale can be found here.

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