Paloma Partners Management Co bought a new stake in shares of Cypress Semiconductor Co. (NASDAQ:CY) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 58,381 shares of the semiconductor company’s stock, valued at approximately $890,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of CY. Raymond James & Associates grew its stake in shares of Cypress Semiconductor by 64.0% in the 4th quarter. Raymond James & Associates now owns 108,078 shares of the semiconductor company’s stock worth $1,647,000 after buying an additional 42,193 shares in the last quarter. Ardsley Advisory Partners purchased a new position in shares of Cypress Semiconductor in the 4th quarter worth $305,000. HBK Investments L P grew its stake in shares of Cypress Semiconductor by 17.6% in the 4th quarter. HBK Investments L P now owns 368,470 shares of the semiconductor company’s stock worth $5,615,000 after buying an additional 55,195 shares in the last quarter. Wolverine Asset Management LLC grew its stake 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 in the last quarter. Finally, Profund Advisors LLC grew its stake in shares of Cypress Semiconductor by 17.5% in the 4th quarter. Profund Advisors LLC now owns 111,758 shares of the semiconductor company’s stock worth $1,703,000 after buying an additional 16,667 shares in the last quarter. 85.72% of the stock is owned by institutional investors.
In related news, EVP Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock in a transaction dated Friday, February 16th. The shares were 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 owns 91,509 shares in the company, valued at approximately $1,487,021.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sam Geha sold 20,652 shares of Cypress Semiconductor stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $17.59, for a total transaction of $363,268.68. Following the sale, the executive vice president now owns 96,029 shares of the company’s stock, valued at approximately $1,689,150.11. The disclosure for this sale can be found here. Insiders have sold a total of 83,643 shares of company stock valued at $1,478,110 in the last quarter. 0.69% of the stock is currently owned by company insiders.
A number of brokerages have commented on CY. Susquehanna Bancshares began coverage on shares of Cypress Semiconductor in a research note on Wednesday, December 13th. They issued a “positive” rating and a $20.00 price objective for the company. KeyCorp lifted their price objective on shares of Cypress Semiconductor from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. SunTrust Banks reissued a “hold” rating and issued a $19.00 price objective on shares of Cypress Semiconductor in a research note on Friday, February 2nd. Piper Jaffray Companies began coverage on shares of Cypress Semiconductor in a research note on Monday, December 18th. They issued an “overweight” rating and a $20.00 price objective for the company. Finally, BidaskClub raised shares of Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $19.04.
Shares of Cypress Semiconductor Co. (CY) opened at $17.97 on Tuesday. The stock has a market cap of $6,602.78, a PE ratio of -64.18, a PEG ratio of 1.19 and a beta of 2.07. The company has a quick ratio of 0.82, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. Cypress Semiconductor Co. has a twelve month low of $12.50 and a twelve month high of $18.87.
Cypress Semiconductor (NASDAQ:CY) last released its earnings results on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The firm had revenue of $597.54 million during the quarter, compared to analyst estimates of $593.15 million. Cypress Semiconductor had a negative net margin of 4.02% and a positive return on equity of 12.48%. The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. research analysts expect that Cypress Semiconductor Co. will post 0.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, March 29th will be issued a $0.11 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.44 annualized dividend and a dividend yield of 2.45%. Cypress Semiconductor’s dividend payout ratio (DPR) is presently -157.14%.
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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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