Retirement Systems of Alabama boosted its position in Cypress Semiconductor Corporation (NASDAQ:CY) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 824,697 shares of the semiconductor company’s stock after buying an additional 1,384 shares during the period. Retirement Systems of Alabama’s holdings in Cypress Semiconductor Corporation were worth $11,257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CY. 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 in the last quarter. Capstone Asset Management Co. raised its stake 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 valued at $320,000 after buying an additional 880 shares in the last quarter. Louisiana State Employees Retirement System raised its stake 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 valued at $1,139,000 after buying an additional 3,400 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Cypress Semiconductor Corporation by 80.2% in the first quarter. Nisa Investment Advisors LLC now owns 95,739 shares of the semiconductor company’s stock valued at $1,317,000 after buying an additional 42,600 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its stake in Cypress Semiconductor Corporation by 94.7% in the first quarter. Rice Hall James & Associates LLC now owns 1,298,821 shares of the semiconductor company’s stock valued at $17,872,000 after buying an additional 631,897 shares in the last quarter. 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 firm’s 50-day moving average is $14.04 and its 200-day moving average is $13.56. Cypress Semiconductor Corporation has a 52 week low of $9.63 and a 52 week high of $15.11. The company’s market cap is $4.40 billion.

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

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

ILLEGAL ACTIVITY NOTICE: This story was posted by Daily Political and is owned by of Daily Political. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/08/11/cypress-semiconductor-corporation-cy-stake-boosted-by-retirement-systems-of-alabama.html.

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

In other Cypress Semiconductor Corporation news, Director Eric Benhamou sold 50,000 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $13.31, for a total transaction of $665,500.00. Following the completion of the transaction, the director now owns 89,997 shares of the company’s stock, valued at $1,197,860.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Oc Kwon sold 6,385 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $14.01, for a total value of $89,453.85. Following the transaction, the director now directly owns 69,124 shares of the company’s stock, valued at approximately $968,427.24. The disclosure for this sale can be found here. Insiders have sold 336,460 shares of company stock valued at $4,703,111 in the last three months. 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.

Want to see what other hedge funds are holding CY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cypress Semiconductor Corporation (NASDAQ:CY).

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

Receive News & Ratings for Cypress Semiconductor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cypress Semiconductor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.