Stevens Capital Management LP Has $593,000 Holdings in Cypress Semiconductor Corporation (CY)
Stevens Capital Management LP cut its stake in shares of Cypress Semiconductor Corporation (NASDAQ:CY) by 43.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,487 shares of the semiconductor company’s stock after selling 30,138 shares during the quarter. Stevens Capital Management LP’s holdings in Cypress Semiconductor Corporation were worth $593,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC increased its stake in shares of Cypress Semiconductor Corporation by 310.3% in the second quarter. FMR LLC now owns 12,371,805 shares of the semiconductor company’s stock valued at $168,875,000 after buying an additional 9,356,825 shares in the last quarter. Miller Howard Investments Inc. NY acquired a new stake in shares of Cypress Semiconductor Corporation in the second quarter valued at $83,217,000. JPMorgan Chase & Co. increased its stake in shares of Cypress Semiconductor Corporation by 247.2% in the second quarter. JPMorgan Chase & Co. now owns 7,947,488 shares of the semiconductor company’s stock valued at $108,483,000 after buying an additional 5,658,750 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Cypress Semiconductor Corporation by 28.6% in the second quarter. Victory Capital Management Inc. now owns 6,093,906 shares of the semiconductor company’s stock valued at $83,181,000 after buying an additional 1,355,795 shares in the last quarter. Finally, ARS Investment Partners LLC acquired a new stake in shares of Cypress Semiconductor Corporation in the second quarter valued at $13,654,000. 97.58% of the stock is owned by institutional investors.
A number of brokerages recently commented on CY. BidaskClub upgraded Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Loop Capital reiterated a “buy” rating and issued a $17.00 price objective on shares of Cypress Semiconductor Corporation in a research report on Tuesday, August 22nd. Needham & Company LLC lifted their price objective on Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. KeyCorp set a $17.00 price objective on Cypress Semiconductor Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Finally, TheStreet upgraded Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.67.
In other Cypress Semiconductor Corporation news, Director Camillo Martino acquired 10,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $12.92 per share, for a total transaction of $129,200.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $258,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor Corporation stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $16.60, for a total value of $49,800.00. Following the transaction, the senior vice president now owns 70,607 shares in the company, valued at approximately $1,172,076.20. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 60,000 shares of company stock worth $834,100 and have sold 86,087 shares worth $1,367,772. 0.69% of the stock is currently owned by company insiders.
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Cypress Semiconductor Corporation (NASDAQ CY) opened at $16.61 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.60. Cypress Semiconductor Corporation has a 1-year low of $10.51 and a 1-year high of $17.15. The stock has a market capitalization of $5,458.76, a PE ratio of 34.08, a price-to-earnings-growth ratio of 2.95 and a beta of 2.02.
Cypress Semiconductor Corporation (NASDAQ:CY) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04. Cypress Semiconductor Corporation had a positive return on equity of 9.01% and a negative net margin of 5.75%. The firm had revenue of $604.57 million for the quarter, compared to analysts’ expectations of $602.16 million. During the same quarter last year, the business earned $0.15 earnings per share. The company’s revenue was up 14.0% compared to the same quarter last year. sell-side analysts expect that Cypress Semiconductor Corporation will post 0.56 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Thursday, December 28th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Wednesday, December 27th. 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.
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