Rice Hall James & Associates LLC boosted its position in Cypress Semiconductor Corporation (NASDAQ:CY) by 26.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,643,691 shares of the semiconductor company’s stock after buying an additional 344,870 shares during the period. Cypress Semiconductor Corporation makes up 1.0% of Rice Hall James & Associates LLC’s portfolio, making the stock its 25th largest position. Rice Hall James & Associates LLC’s holdings in Cypress Semiconductor Corporation were worth $22,436,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in Cypress Semiconductor Corporation by 11.6% in the first quarter. IFP Advisors Inc now owns 7,614 shares of the semiconductor company’s stock worth $105,000 after buying an additional 794 shares during the period. Nordea Investment Management AB increased its stake in Cypress Semiconductor Corporation by 101.7% in the first quarter. Nordea Investment Management AB now owns 9,121 shares of the semiconductor company’s stock worth $126,000 after buying an additional 4,600 shares during the period. ClariVest Asset Management LLC increased its stake in shares of Cypress Semiconductor Corporation by 101.7% in the first quarter. ClariVest Asset Management LLC now owns 9,121 shares of the semiconductor company’s stock worth $126,000 after buying an additional 4,600 shares during the period. Independence Advisors LLC bought a new stake in shares of Cypress Semiconductor Corporation during the second quarter worth approximately $506,000. Finally, ING Groep NV bought a new stake in shares of Cypress Semiconductor Corporation during the second quarter worth approximately $138,000. Hedge funds and other institutional investors own 95.87% of the company’s stock.

Shares of Cypress Semiconductor Corporation (NASDAQ:CY) opened at 13.22 on Friday. The stock’s market cap is $4.40 billion. Cypress Semiconductor Corporation has a 12-month low of $9.63 and a 12-month high of $15.11. The stock has a 50 day moving average price of $14.04 and a 200-day moving average price of $13.56.

Cypress Semiconductor Corporation (NASDAQ:CY) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The company had revenue of $593.80 million for the quarter, compared to analysts’ expectations of $546.82 million. Cypress Semiconductor Corporation had a negative net margin of 6.04% and a positive return on equity of 6.27%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. Equities analysts anticipate that Cypress Semiconductor Corporation will post $0.80 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Thursday, September 28th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, September 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.33%. Cypress Semiconductor Corporation’s dividend payout ratio is -110.00%.

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CY has been the subject of a number of recent research reports. Barclays PLC increased their price objective on 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. Mizuho reiterated a “buy” rating and set a $16.00 price objective on shares of Cypress Semiconductor Corporation in a research report on Monday, April 24th. Zacks Investment Research upgraded Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, May 2nd. Stephens reiterated an “overweight” rating on shares of Cypress Semiconductor Corporation in a research report on Tuesday, May 9th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $18.00 price objective on shares of Cypress Semiconductor Corporation in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Cypress Semiconductor Corporation presently has a consensus rating of “Buy” and a consensus target price of $16.67.

In other news, Director Oc Kwon sold 6,385 shares of Cypress Semiconductor Corporation stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $14.01, for a total transaction of $89,453.85. Following the transaction, the director now directly owns 69,124 shares of the company’s stock, valued at $968,427.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Dana Nazarian sold 250,075 shares of Cypress Semiconductor Corporation stock in a transaction on Friday, August 4th. The stock was sold at an average price of $14.10, for a total transaction of $3,526,057.50. Following the transaction, the executive vice president now directly owns 302,657 shares in the company, valued at $4,267,463.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 336,460 shares of company stock worth $4,703,111. Insiders own 0.69% of the company’s stock.

About Cypress Semiconductor Corporation

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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