Swiss National Bank lifted its holdings in Cypress Semiconductor Corporation (NASDAQ:CY) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 537,545 shares of the semiconductor company’s stock after purchasing an additional 5,800 shares during the quarter. Swiss National Bank owned 0.16% of Cypress Semiconductor Corporation worth $7,337,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Cigna Investments Inc. New raised its position in Cypress Semiconductor Corporation by 0.6% during the second quarter. Cigna Investments Inc. New now owns 12,584 shares of the semiconductor company’s stock worth $173,000 after acquiring an additional 72 shares in the last quarter. Capstone Asset Management Co. raised its position in Cypress Semiconductor Corporation by 0.8% during the second quarter. Capstone Asset Management Co. now owns 23,441 shares of the semiconductor company’s stock worth $320,000 after acquiring an additional 180 shares in the last quarter. Bank of Montreal Can raised its position in Cypress Semiconductor Corporation by 1.6% during the second quarter. Bank of Montreal Can now owns 20,158 shares of the semiconductor company’s stock worth $276,000 after acquiring an additional 324 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Cypress Semiconductor Corporation by 0.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,897 shares of the semiconductor company’s stock worth $659,000 after acquiring an additional 346 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in Cypress Semiconductor Corporation by 3.2% during the first quarter. Private Advisor Group LLC now owns 11,487 shares of the semiconductor company’s stock worth $153,000 after acquiring an additional 360 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the stock. KeyCorp reaffirmed an “overweight” rating on shares of Cypress Semiconductor Corporation in a research report on Thursday. Loop Capital reaffirmed a “buy” rating and set a $17.00 price target on shares of Cypress Semiconductor Corporation in a research report on Tuesday, August 22nd. Craig Hallum reaffirmed a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor Corporation in a research report on Thursday, August 31st. TheStreet raised shares of Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a research report on Thursday, July 27th. Finally, Needham & Company LLC upped their price target on shares of Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $16.75.

Cypress Semiconductor Corporation (NASDAQ CY) opened at 14.41 on Friday. The company’s market capitalization is $4.79 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 of $13.73 and a 200 day moving average of $13.76.

Cypress Semiconductor Corporation (NASDAQ:CY) last released its earnings results on Thursday, July 27th. The semiconductor company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate 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 positive return on equity of 6.27% and a negative net margin of 6.04%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. Equities analysts anticipate that Cypress Semiconductor Corporation will post $0.80 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Thursday, September 28th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Wednesday, September 27th. Cypress Semiconductor Corporation’s payout ratio is -110.00%.

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In other news, Director Catherine P. Lego acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were acquired at an average cost of $13.69 per share, for a total transaction of $273,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director J Daniel Mccranie acquired 30,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average price of $14.37 per share, for a total transaction of $431,100.00. Following the completion of the purchase, the director now directly owns 55,000 shares in the company, valued at approximately $790,350. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 60,000 shares of company stock worth $834,100 and have sold 330,075 shares worth $4,613,658. 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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