BlackRock Inc. increased its stake in shares of Cypress Semiconductor Corporation (NASDAQ:CY) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,848,587 shares of the semiconductor company’s stock after buying an additional 231,335 shares during the quarter. BlackRock Inc. owned about 8.38% of Cypress Semiconductor Corporation worth $380,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CY. Ffcm LLC boosted its holdings in Cypress Semiconductor Corporation by 139.2% in the second quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 4,740 shares during the last quarter. IFP Advisors Inc boosted its holdings in Cypress Semiconductor Corporation by 13.3% in the second quarter. IFP Advisors Inc now owns 8,628 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 1,014 shares during the last quarter. Nordea Investment Management AB boosted its holdings in 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 valued at $126,000 after purchasing an additional 4,600 shares during the last quarter. ClariVest Asset Management LLC boosted its holdings in 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 valued at $126,000 after purchasing an additional 4,600 shares during the last quarter. Finally, ING Groep NV purchased a new stake in Cypress Semiconductor Corporation in the second quarter valued at $138,000. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

In other Cypress Semiconductor Corporation news, Director Camillo Martino bought 10,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was bought at an average price of $12.92 per share, for a total transaction of $129,200.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $258,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J Daniel Mccranie bought 30,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were acquired at an average price of $14.37 per share, with a total value of $431,100.00. Following the transaction, the director now owns 55,000 shares of the company’s stock, valued at approximately $790,350. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 60,000 shares of company stock valued at $834,100. 0.69% of the stock is currently owned by company insiders.

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Cypress Semiconductor Corporation (CY) opened at 14.43 on Thursday. Cypress Semiconductor Corporation has a 52-week low of $9.63 and a 52-week high of $15.11. The company’s 50 day moving average is $13.74 and its 200 day moving average is $13.78. The firm’s market cap is $4.80 billion.

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, topping analysts’ consensus estimates of $0.16 by $0.05. The company had revenue of $593.80 million during the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share. Equities research analysts forecast that Cypress Semiconductor Corporation will post $0.80 EPS for the current fiscal year.

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Wednesday, September 27th. Cypress Semiconductor Corporation’s payout ratio is currently -110.00%.

Several research firms have commented on CY. BidaskClub raised shares of Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Morgan Stanley reaffirmed an “underweight” rating and issued a $13.00 price target on shares of Cypress Semiconductor Corporation in a report on Wednesday, September 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of Cypress Semiconductor Corporation in a report on Monday, September 18th. KeyCorp reaffirmed an “overweight” rating on shares of Cypress Semiconductor Corporation in a report on Thursday, September 14th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $20.00 price target on shares of Cypress Semiconductor Corporation in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.75.

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

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