Paloma Partners Management Co lowered its stake in shares of Cypress Semiconductor Corporation (NASDAQ:CY) by 35.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,611 shares of the semiconductor company’s stock after selling 36,519 shares during the period. Paloma Partners Management Co’s holdings in Cypress Semiconductor Corporation were worth $930,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Creative Planning raised its stake in shares of 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 during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Cypress Semiconductor Corporation by 0.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,897 shares of the semiconductor company’s stock valued at $659,000 after buying an additional 346 shares during the period. Private Advisor Group LLC raised its stake in shares of Cypress Semiconductor Corporation by 3.2% in the first quarter. Private Advisor Group LLC now owns 11,487 shares of the semiconductor company’s stock valued at $153,000 after buying an additional 360 shares during the period. World Asset Management Inc increased its position in shares of Cypress Semiconductor Corporation by 3.3% in the first quarter. World Asset Management Inc now owns 20,142 shares of the semiconductor company’s stock valued at $277,000 after buying an additional 639 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of Cypress Semiconductor Corporation by 11.6% in the first quarter. IFP Advisors Inc now owns 7,614 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 794 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

Cypress Semiconductor Corporation (CY) traded down 1.21% during trading on Friday, hitting $13.93. 4,190,228 shares of the stock traded hands. The stock’s market cap is $4.63 billion. Cypress Semiconductor Corporation has a 52-week low of $9.63 and a 52-week high of $15.11. The stock has a 50 day moving average price of $13.92 and a 200-day moving average price of $13.47.

Cypress Semiconductor Corporation (NASDAQ:CY) last announced its earnings results on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. The firm had revenue of $593.80 million for the quarter, compared to analyst estimates of $546.82 million. During the same quarter last year, the firm posted $0.13 EPS. The business’s revenue was up 11.6% on a year-over-year basis. On average, 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 was paid on Thursday, July 20th. Stockholders of record on Thursday, June 29th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, June 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.16%. Cypress Semiconductor Corporation’s dividend payout ratio (DPR) is -110.00%.

TRADEMARK VIOLATION NOTICE: This story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/08/04/paloma-partners-management-co-has-930000-position-in-cypress-semiconductor-corporation-nasdaqcy-updated-updated-updated.html.

Several equities analysts have weighed in on the stock. TheStreet raised shares of Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a report on Thursday, July 27th. Loop Capital reaffirmed a “buy” rating and set a $17.00 price target on shares of Cypress Semiconductor Corporation in a report on Friday, July 28th. Needham & Company LLC lifted their price target on shares of Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, July 28th. Craig Hallum lifted their price target on shares of Cypress Semiconductor Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, July 28th. Finally, KeyCorp set a $17.00 price target on shares of Cypress Semiconductor Corporation and gave the company a “buy” rating in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $16.67.

In other news, Director Michael S. Wishart sold 30,000 shares of Cypress Semiconductor Corporation stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $14.07, for a total transaction of $422,100.00. Following the transaction, the director now owns 65,256 shares in the company, valued at approximately $918,151.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Eric Benhamou sold 50,000 shares of Cypress Semiconductor Corporation stock in a transaction on Monday, June 19th. The stock was sold at an average price of $13.31, for a total value of $665,500.00. Following the transaction, the director now owns 89,997 shares in the company, valued at approximately $1,197,860.07. The disclosure for this sale can be found here. Insiders sold a total of 86,385 shares of company stock worth $1,177,054 in the last 90 days. 0.69% of the stock is currently owned by insiders.

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.

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.