Commerzbank Aktiengesellschaft FI bought a new position in Cypress Semiconductor Co. (NASDAQ:CY) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 14,290 shares of the semiconductor company’s stock, valued at approximately $195,000.

Several other large investors also recently bought and sold shares of CY. Capstone Asset Management Co. lifted its position in shares of Cypress Semiconductor by 3.9% in the 1st quarter. Capstone Asset Management Co. now owns 23,261 shares of the semiconductor company’s stock worth $320,000 after purchasing an additional 880 shares during the period. IFP Advisors Inc lifted its position in shares of Cypress Semiconductor by 11.6% in the 1st quarter. IFP Advisors Inc now owns 7,614 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 794 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Cypress Semiconductor by 5.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 196,803 shares of the semiconductor company’s stock worth $2,705,000 after purchasing an additional 10,482 shares during the period. State Treasurer State of Michigan lifted its position in shares of Cypress Semiconductor by 3.0% in the 1st quarter. State Treasurer State of Michigan now owns 133,200 shares of the semiconductor company’s stock worth $1,833,000 after purchasing an additional 3,900 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Cypress Semiconductor by 9.8% in the 1st quarter. Bank of New York Mellon Corp now owns 4,932,482 shares of the semiconductor company’s stock worth $67,871,000 after purchasing an additional 438,834 shares during the period. 97.36% of the stock is owned by hedge funds and other institutional investors.

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Cypress Semiconductor Co. (NASDAQ CY) opened at 14.16 on Wednesday. The firm has a 50-day moving average of $13.78 and a 200 day moving average of $13.73. The stock’s market capitalization is $4.71 billion. Cypress Semiconductor Co. has a one year low of $9.63 and a one year high of $15.11.

Cypress Semiconductor (NASDAQ:CY) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The company had revenue of $593.80 million for the quarter, compared to analysts’ expectations of $546.82 million. Cypress Semiconductor had a negative net margin of 3.03% and a negative return on equity of 4.96%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. On average, equities research analysts anticipate that Cypress Semiconductor Co. will post $0.80 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, September 28th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Wednesday, September 27th. Cypress Semiconductor’s payout ratio is -110.00%.

Several equities research analysts have recently commented on the stock. Loop Capital reaffirmed a “buy” rating and issued a $17.00 target price on shares of Cypress Semiconductor in a research report on Tuesday, August 22nd. Craig Hallum reaffirmed a “buy” rating and issued a $20.00 target price on shares of Cypress Semiconductor in a research report on Thursday, August 31st. TheStreet raised shares of Cypress Semiconductor from a “c” rating to a “b-” rating in a research report on Thursday, July 27th. Needham & Company LLC lifted their price target on shares of Cypress Semiconductor from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, KeyCorp reissued an “overweight” rating and set a $17.00 price target on shares of Cypress Semiconductor in a research report on Wednesday, July 12th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $16.75.

In other Cypress Semiconductor news, Director Michael S. Wishart sold 30,000 shares of the 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 completion of the sale, the director now directly owns 65,256 shares of the company’s stock, valued at $918,151.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eric Benhamou sold 50,000 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $13.31, for a total transaction of $665,500.00. Following the sale, the director now directly owns 89,997 shares of the company’s stock, valued at $1,197,860.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 330,075 shares of company stock valued at $4,613,658. Insiders own 0.69% of the company’s stock.

About Cypress Semiconductor

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

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