Crossmark Global Holdings Inc. bought a new stake in Cypress Semiconductor Corporation (NASDAQ:CY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,221 shares of the semiconductor company’s stock, valued at approximately $394,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CY. Capstone Asset Management Co. raised its position in shares of Cypress Semiconductor Corporation by 0.8% in the second quarter. Capstone Asset Management Co. now owns 23,441 shares of the semiconductor company’s stock valued at $320,000 after purchasing an additional 180 shares during the period. Bank of Montreal Can raised its position in shares of Cypress Semiconductor Corporation by 1.6% in the second quarter. Bank of Montreal Can now owns 20,158 shares of the semiconductor company’s stock valued at $276,000 after purchasing an additional 324 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Cypress Semiconductor Corporation by 4.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 119,589 shares of the semiconductor company’s stock valued at $1,632,000 after purchasing an additional 5,134 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Cypress Semiconductor Corporation by 12.0% in the second quarter. Nisa Investment Advisors LLC now owns 107,250 shares of the semiconductor company’s stock valued at $1,464,000 after purchasing an additional 11,511 shares during the period. Finally, Aperio Group LLC raised its position in shares of Cypress Semiconductor Corporation by 11.4% in the second quarter. Aperio Group LLC now owns 65,056 shares of the semiconductor company’s stock valued at $888,000 after purchasing an additional 6,682 shares during the period. Hedge funds and other institutional investors own 95.05% of the company’s stock.

Shares of Cypress Semiconductor Corporation (NASDAQ:CY) opened at $17.18 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.92 and a current ratio of 1.35. The firm has a market cap of $5,732.36, a P/E ratio of 35.79, a P/E/G ratio of 3.10 and a beta of 2.02. Cypress Semiconductor Corporation has a twelve month low of $10.51 and a twelve month high of $17.42.

Cypress Semiconductor Corporation (NASDAQ:CY) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04. The business had revenue of $604.57 million for the quarter, compared to analyst estimates of $602.16 million. Cypress Semiconductor Corporation had a negative net margin of 5.75% and a positive return on equity of 9.01%. Cypress Semiconductor Corporation’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 EPS. analysts forecast that Cypress Semiconductor Corporation will post 0.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Investors 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 2.56%. The ex-dividend date is Wednesday, December 27th. Cypress Semiconductor Corporation’s dividend payout ratio (DPR) is presently -110.00%.

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CY has been the topic of several research reports. TheStreet raised shares of Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a research report on Thursday, July 27th. Craig Hallum reissued a “buy” rating and issued a $20.00 price target on shares of Cypress Semiconductor Corporation in a research report on Thursday, August 31st. Mizuho reissued a “buy” rating and issued a $17.00 price target on shares of Cypress Semiconductor Corporation in a research report on Tuesday, August 29th. Loop Capital reissued a “buy” rating and issued a $17.00 price target on shares of Cypress Semiconductor Corporation in a research report on Tuesday, August 22nd. Finally, Needham & Company LLC upped their target price on shares of Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, July 28th. One equities research 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 company presently has an average rating of “Buy” and a consensus price target of $17.67.

In other news, SVP Sam Geha sold 8,269 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $16.70, for a total value of $138,092.30. Following the transaction, the senior vice president now owns 63,000 shares of the company’s stock, valued at approximately $1,052,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $16.60, for a total transaction of $49,800.00. Following the completion of the transaction, the senior vice president now directly owns 70,607 shares in the company, valued at approximately $1,172,076.20. The disclosure for this sale can be found here. Insiders have sold a total of 86,087 shares of company stock worth $1,367,772 in the last ninety 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)

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