AT Bancorp purchased a new stake in shares of Cypress Semiconductor Co. (NASDAQ:CY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 114,928 shares of the semiconductor company’s stock, valued at approximately $1,752,000.
Other institutional investors have also recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA grew its stake in shares of 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 valued at $100,000 after acquiring an additional 6,082 shares during the period. Contravisory Investment Management Inc. bought a new position in shares of Cypress Semiconductor during the 4th quarter valued at approximately $145,000. ClariVest Asset Management LLC grew its stake in shares of Cypress Semiconductor by 80.6% during the 3rd quarter. ClariVest Asset Management LLC now owns 12,321 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 5,500 shares during the period. Nordea Investment Management AB grew its stake in shares of Cypress Semiconductor by 80.6% during the 3rd quarter. Nordea Investment Management AB now owns 12,321 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 5,500 shares during the period. Finally, Janus Henderson Group PLC bought a new position in shares of Cypress Semiconductor during the 3rd quarter valued at approximately $204,000. Institutional investors and hedge funds own 98.42% of the company’s stock.
In related news, SVP Sam Geha sold 14,517 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $17.34, for a total transaction of $251,724.78. Following the sale, the senior vice president now owns 41,204 shares in the company, valued at approximately $714,477.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $16.60, for a total value of $49,800.00. Following the sale, the senior vice president now owns 70,607 shares in the company, valued at approximately $1,172,076.20. The disclosure for this sale can be found here. Insiders have sold a total of 31,786 shares of company stock worth $537,387 in the last 90 days. 0.69% of the stock is currently owned by insiders.
A number of brokerages recently issued reports on CY. SunTrust Banks reiterated a “hold” rating and set a $19.00 price objective on shares of Cypress Semiconductor in a research note on Friday. Craig Hallum reiterated a “buy” rating and set a $21.00 price objective on shares of Cypress Semiconductor in a research note on Tuesday, December 5th. Loop Capital reissued a “buy” rating and issued a $20.00 price target (up from $17.00) on shares of Cypress Semiconductor in a report on Friday, October 27th. BidaskClub raised Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 1st. Finally, Susquehanna Bancshares started coverage on Cypress Semiconductor in a report on Wednesday, December 13th. They issued a “positive” rating and a $20.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cypress Semiconductor currently has an average rating of “Buy” and a consensus price target of $19.04.
Shares of Cypress Semiconductor Co. (NASDAQ CY) opened at $15.70 on Tuesday. The stock has a market capitalization of $5,240.00, a P/E ratio of -56.07, a PEG ratio of 1.97 and a beta of 2.17. Cypress Semiconductor Co. has a twelve month low of $12.23 and a twelve month high of $17.90. The company has a current ratio of 0.94, a quick ratio of 0.59 and a debt-to-equity ratio of 0.53.
Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $593.15 million. During the same quarter in the prior year, the firm posted $0.15 EPS. Cypress Semiconductor’s quarterly revenue was up 12.7% compared to the same quarter last year. equities research analysts predict that Cypress Semiconductor Co. will post 0.87 earnings per share for the current fiscal year.
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About Cypress Semiconductor
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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