Cypress Semiconductor Co. (CY) Shares Bought by Tower Research Capital LLC TRC
Tower Research Capital LLC TRC boosted its holdings in shares of Cypress Semiconductor Co. (NASDAQ:CY) by 3,976.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,177 shares of the semiconductor company’s stock after purchasing an additional 40,167 shares during the period. Tower Research Capital LLC TRC’s holdings in Cypress Semiconductor were worth $597,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Cornerstone Wealth Management LLC purchased a new position in Cypress Semiconductor during the 2nd quarter valued at about $290,000. grace capital bought a new stake in Cypress Semiconductor during the 2nd quarter valued at approximately $156,000. Vantage Financial Partners Ltd. Inc. bought a new stake in Cypress Semiconductor during the 2nd quarter valued at approximately $159,000. Raymond James Trust N.A. bought a new stake in Cypress Semiconductor during the 3rd quarter valued at approximately $151,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in Cypress Semiconductor during the 2nd quarter valued at approximately $171,000. Institutional investors own 83.47% of the company’s stock.
A number of brokerages have recently commented on CY. ValuEngine cut Cypress Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. BidaskClub raised Cypress Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, September 22nd. Roth Capital dropped their price target on Cypress Semiconductor from $22.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, October 22nd. Cowen dropped their price target on Cypress Semiconductor from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 23rd. Finally, Morgan Stanley dropped their price target on Cypress Semiconductor from $15.00 to $13.00 and set an “underweight” rating on the stock in a research report on Monday, September 24th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. Cypress Semiconductor presently has a consensus rating of “Hold” and a consensus price target of $18.35.
Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings data on Thursday, October 25th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $673.04 million for the quarter, compared to analysts’ expectations of $669.62 million. Cypress Semiconductor had a return on equity of 21.26% and a net margin of 2.08%. As a group, analysts forecast that Cypress Semiconductor Co. will post 1.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 17th. Investors of record on Thursday, December 27th will be given a $0.11 dividend. The ex-dividend date is Wednesday, December 26th. This represents a $0.44 annualized dividend and a yield of 3.40%. Cypress Semiconductor’s dividend payout ratio (DPR) is presently 73.33%.
In related news, Director Camillo Martino bought 5,000 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was acquired at an average cost of $12.80 per share, for a total transaction of $64,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Sudhir Gopalswamy sold 3,000 shares of the business’s stock in a transaction on Wednesday, October 17th. The shares were sold at an average price of $14.00, for a total transaction of $42,000.00. Following the sale, the executive vice president now owns 111,157 shares of the company’s stock, valued at $1,556,198. The disclosure for this sale can be found here. Insiders sold a total of 59,000 shares of company stock worth $824,170 over the last ninety days. 0.43% of the stock is currently owned by insiders.
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Cypress Semiconductor Company Profile
Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. It operates in two segments, Microcontroller and Connectivity Division, and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip and general-purpose MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, Bluetooth low energy, and ZigBee solutions; WICED development platform; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions.
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