Rafferty Asset Management LLC lifted its stake in Cypress Semiconductor Corporation (NASDAQ:CY) by 52.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 155,567 shares of the semiconductor company’s stock after acquiring an additional 53,245 shares during the period. Rafferty Asset Management LLC’s holdings in Cypress Semiconductor Corporation were worth $2,123,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Legal & General Group Plc raised its stake in shares of Cypress Semiconductor Corporation by 144.8% in the 1st quarter. Legal & General Group Plc now owns 215,915 shares of the semiconductor company’s stock valued at $2,971,000 after acquiring an additional 127,706 shares in the last quarter. Advisors Capital Management LLC raised its stake in shares of Cypress Semiconductor Corporation by 3.3% in the 2nd quarter. Advisors Capital Management LLC now owns 1,616,935 shares of the semiconductor company’s stock valued at $22,071,000 after acquiring an additional 51,688 shares in the last quarter. UBS Group AG raised its stake in shares of Cypress Semiconductor Corporation by 33.9% in the 1st quarter. UBS Group AG now owns 623,603 shares of the semiconductor company’s stock valued at $8,580,000 after acquiring an additional 157,889 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Cypress Semiconductor Corporation by 4.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 25,734 shares of the semiconductor company’s stock valued at $351,000 after acquiring an additional 989 shares in the last quarter. Finally, Northpointe Capital LLC raised its stake in shares of Cypress Semiconductor Corporation by 69.2% in the 2nd quarter. Northpointe Capital LLC now owns 541,074 shares of the semiconductor company’s stock valued at $7,386,000 after acquiring an additional 221,288 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/09/22/cypress-semiconductor-corporation-cy-position-lifted-by-rafferty-asset-management-llc.html.

In other news, EVP Dana Nazarian sold 250,075 shares of the stock in a transaction that occurred 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 owns 302,657 shares in the company, valued at $4,267,463.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Camillo Martino bought 10,000 shares of the stock in a transaction dated Monday, August 21st. The shares were purchased at an average price of $12.92 per share, for a total transaction of $129,200.00. Following the purchase, the director now owns 20,000 shares of the company’s stock, valued at approximately $258,400. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 60,000 shares of company stock worth $834,100. 0.69% of the stock is owned by corporate insiders.

A number of research analysts recently weighed in on CY shares. Zacks Investment Research raised Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Thursday, June 29th. TheStreet raised Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a research note on Thursday, July 27th. KeyCorp reissued an “overweight” rating on shares of Cypress Semiconductor Corporation in a research note on Thursday, September 14th. Loop Capital reissued a “buy” rating and issued a $17.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Friday, July 28th. Finally, Needham & Company LLC raised their price objective on Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $16.75.

Shares of Cypress Semiconductor Corporation (NASDAQ:CY) opened at 14.25 on Friday. Cypress Semiconductor Corporation has a one year low of $9.63 and a one year high of $15.11. The firm’s market cap is $4.74 billion. The stock’s 50 day moving average price is $13.74 and its 200 day moving average price is $13.78.

Cypress Semiconductor Corporation (NASDAQ:CY) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The firm had revenue of $593.80 million for 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 business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. On average, equities analysts anticipate that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current fiscal year.

The company 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. The ex-dividend date of this dividend is Wednesday, September 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.09%. Cypress Semiconductor Corporation’s dividend payout ratio (DPR) is currently -110.00%.

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.

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.