ARP Americas LLC bought a new stake in shares of Cypress Semiconductor Corporation (NASDAQ:CY) during the second quarter, Holdings Channel reports. The fund bought 29,158 shares of the semiconductor company’s stock, valued at approximately $398,000.

A number of other hedge funds also recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new position in Cypress Semiconductor Corporation during the fourth quarter worth about $152,000. Catawba Capital Management VA boosted its position in Cypress Semiconductor Corporation by 9.8% in the first quarter. Catawba Capital Management VA now owns 18,960 shares of the semiconductor company’s stock worth $261,000 after buying an additional 1,700 shares during the last quarter. Creative Planning boosted its position in Cypress Semiconductor Corporation by 2.0% in the first quarter. Creative Planning now owns 12,259 shares of the semiconductor company’s stock worth $169,000 after buying an additional 241 shares during the last quarter. Capstone Asset Management Co. boosted its position in Cypress Semiconductor Corporation by 3.9% in the first quarter. Capstone Asset Management Co. now owns 23,261 shares of the semiconductor company’s stock worth $320,000 after buying an additional 880 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Cypress Semiconductor Corporation by 4.3% in the first quarter. Louisiana State Employees Retirement System now owns 82,800 shares of the semiconductor company’s stock worth $1,139,000 after buying an additional 3,400 shares during the last quarter. Institutional investors and hedge funds own 95.87% of the company’s stock.

Shares of Cypress Semiconductor Corporation (NASDAQ:CY) opened at 13.93 on Monday. The stock’s market capitalization is $4.63 billion. The company has a 50-day moving average price of $13.92 and a 200-day moving average price of $13.47. Cypress Semiconductor Corporation has a 52-week low of $9.63 and a 52-week high of $15.11.

Cypress Semiconductor Corporation (NASDAQ:CY) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.05. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. The company had revenue of $593.80 million for the quarter, compared to analyst estimates of $546.82 million. During the same period in the previous year, the company posted $0.13 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. On average, equities analysts anticipate that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, June 29th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, June 27th. This represents a $0.44 annualized dividend and a dividend yield of 3.16%. Cypress Semiconductor Corporation’s dividend payout ratio is presently -110.00%.

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CY has been the topic of a number of research analyst reports. Barclays PLC upgraded Cypress Semiconductor Corporation from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $14.00 to $18.00 in a report on Wednesday, June 28th. Zacks Investment Research upgraded Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Thursday, June 29th. Bank of America Corporation restated a “buy” rating and set a $18.00 price target on shares of Cypress Semiconductor Corporation in a report on Thursday, May 25th. Stephens restated an “overweight” rating on shares of Cypress Semiconductor Corporation in a report on Tuesday, May 9th. Finally, KeyCorp restated an “overweight” rating and set a $17.00 price target on shares of Cypress Semiconductor Corporation in a report on Wednesday, July 12th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $16.67.

In other Cypress Semiconductor Corporation news, Director Michael S. Wishart sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $14.07, for a total value of $422,100.00. Following the sale, the director now directly owns 65,256 shares of the company’s stock, valued at $918,151.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Oc Kwon sold 6,385 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $14.01, for a total value 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 disclosure for this sale can be found here. Insiders have sold 86,385 shares of company stock worth $1,177,054 over the last 90 days. 0.69% of the stock is currently owned by corporate 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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