Hollencrest Securities LLC lowered its position in Cypress Semiconductor Corporation (NASDAQ:CY) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the semiconductor company’s stock after selling 878 shares during the period. Hollencrest Securities LLC’s holdings in Cypress Semiconductor Corporation were worth $410,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. 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 worth $105,000 after buying an additional 794 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Cypress Semiconductor Corporation by 101.7% in the first quarter. Nordea Investment Management AB now owns 9,121 shares of the semiconductor company’s stock worth $126,000 after buying an additional 4,600 shares during the last quarter. ClariVest Asset Management LLC increased its position in shares of Cypress Semiconductor Corporation by 101.7% in the first quarter. ClariVest Asset Management LLC now owns 9,121 shares of the semiconductor company’s stock worth $126,000 after buying an additional 4,600 shares during the last quarter. Independence Advisors LLC acquired a new position in shares of Cypress Semiconductor Corporation during the second quarter worth about $506,000. Finally, Foresters Investment Management Company Inc. acquired a new position in shares of Cypress Semiconductor Corporation during the first quarter worth about $140,000. Institutional investors own 96.95% of the company’s stock.

Shares of Cypress Semiconductor Corporation (CY) opened at 13.93 on Monday. The firm’s 50-day moving average price is $13.92 and its 200 day moving average price is $13.47. The firm’s market capitalization is $4.63 billion. Cypress Semiconductor Corporation has a 12 month low of $9.63 and a 12 month high of $15.11.

Cypress Semiconductor Corporation (NASDAQ:CY) last posted its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share (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 the consensus estimate of $546.82 million. Cypress Semiconductor Corporation had a negative net margin of 6.04% and a positive return on equity of 6.27%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the firm posted $0.13 EPS. Analysts anticipate that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, June 29th were given a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, June 27th. This represents a $0.44 annualized dividend and a yield of 3.16%. Cypress Semiconductor Corporation’s dividend payout ratio is presently -110.00%.

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A number of equities analysts have recently issued reports on CY shares. Zacks Investment Research raised Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Thursday, June 29th. TheStreet raised Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a research 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 research report on Friday, July 28th. Bank of America Corporation reaffirmed a “buy” rating and set a $18.00 price target on shares of Cypress Semiconductor Corporation in a research report on Thursday, May 25th. Finally, Needham & Company LLC upped their target price on Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Cypress Semiconductor Corporation currently has a consensus rating of “Buy” and a consensus target price of $16.67.

In other Cypress Semiconductor Corporation news, Director Oc Kwon sold 6,385 shares of the firm’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $14.01, for a total transaction of $89,453.85. Following the transaction, the director now owns 69,124 shares of the company’s stock, valued at approximately $968,427.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael S. Wishart sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $14.07, for a total transaction of $422,100.00. Following the transaction, the director now directly owns 65,256 shares in the company, valued at approximately $918,151.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,385 shares of company stock worth $1,177,054. 0.69% of the stock is currently owned by insiders.

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.

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

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