NN Investment Partners Holdings N.V. decreased its stake in shares of Cypress Semiconductor Corporation (NASDAQ:CY) by 29.3% during the second quarter, Holdings Channel reports. The fund owned 304,100 shares of the semiconductor company’s stock after selling 125,800 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Cypress Semiconductor Corporation were worth $4,151,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Capstone Asset Management Co. raised its stake in Cypress Semiconductor Corporation by 0.8% in the second quarter. Capstone Asset Management Co. now owns 23,441 shares of the semiconductor company’s stock valued at $320,000 after buying an additional 180 shares during the last quarter. Creative Planning raised its stake in Cypress Semiconductor Corporation by 2.0% in the first quarter. Creative Planning now owns 12,259 shares of the semiconductor company’s stock valued at $169,000 after buying an additional 241 shares during the last quarter. Bank of Montreal Can raised its stake in Cypress Semiconductor Corporation by 1.6% in the second quarter. Bank of Montreal Can now owns 20,158 shares of the semiconductor company’s stock valued at $276,000 after buying an additional 324 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Cypress Semiconductor Corporation by 0.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,897 shares of the semiconductor company’s stock valued at $659,000 after buying an additional 346 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in Cypress Semiconductor Corporation by 3.2% in the first quarter. Private Advisor Group LLC now owns 11,487 shares of the semiconductor company’s stock valued at $153,000 after buying an additional 360 shares during the last quarter. 95.08% of the stock is owned by hedge funds and other institutional investors.

Cypress Semiconductor Corporation (NASDAQ CY) opened at 14.47 on Monday. The company’s market capitalization is $4.77 billion. Cypress Semiconductor Corporation has a 1-year low of $9.63 and a 1-year high of $14.98. The firm has a 50-day moving average price of $13.59 and a 200 day moving average price of $13.02.

Cypress Semiconductor Corporation (NASDAQ:CY) last posted its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.06. The business had revenue of $532 million during the quarter, compared to analysts’ expectations of $511.41 million. Cypress Semiconductor Corporation had a positive return on equity of 5.31% and a negative net margin of 30.84%. During the same period in the previous year, the business earned $0.07 earnings per share. On average, equities analysts predict that Cypress Semiconductor Corporation will post $0.72 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Thursday, June 29th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Tuesday, June 27th. Cypress Semiconductor Corporation’s dividend payout ratio (DPR) is presently -22.22%.

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Several equities research analysts have recently commented on the stock. Craig Hallum upped their price target on shares of Cypress Semiconductor Corporation from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, March 29th. Stephens reaffirmed an “overweight” rating on shares of Cypress Semiconductor Corporation in a research report on Tuesday, May 9th. Barclays PLC upped their price target on shares of Cypress Semiconductor Corporation from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 19th. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price (up from $14.00) on shares of Cypress Semiconductor Corporation in a report on Wednesday, March 29th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $18.00 target price on shares of Cypress Semiconductor Corporation in a report on Thursday, May 25th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Cypress Semiconductor Corporation currently has a consensus rating of “Buy” and an average price target of $15.77.

In related news, Director Oc Kwon sold 6,385 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $14.01, for a total transaction of $89,453.85. Following the completion of the sale, the director now directly owns 69,124 shares in the company, valued at $968,427.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric Benhamou sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $13.31, for a total value of $665,500.00. Following the sale, the director now owns 89,997 shares of the company’s stock, valued at $1,197,860.07. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

Cypress Semiconductor Corporation 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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Institutional Ownership by Quarter for Cypress Semiconductor Corporation (NASDAQ:CY)

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