Optimum Investment Advisors bought a new stake in shares of Cypress Semiconductor Co. (NASDAQ:CY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 62,700 shares of the semiconductor company’s stock, valued at approximately $942,000.

A number of other institutional investors and hedge funds have also modified their holdings of CY. San Francisco Sentry Investment Group CA lifted its holdings in shares of Cypress Semiconductor by 1,061.4% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 6,655 shares of the semiconductor company’s stock valued at $100,000 after buying an additional 6,082 shares during the period. Ffcm LLC lifted its holdings in shares of Cypress Semiconductor by 139.2% during the 2nd quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 4,740 shares during the period. IFP Advisors Inc lifted its holdings in shares of Cypress Semiconductor by 13.3% during the 2nd quarter. IFP Advisors Inc now owns 8,628 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 1,014 shares during the period. Thompson Davis & CO. Inc. lifted its holdings in shares of Cypress Semiconductor by 45.6% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 10,119 shares of the semiconductor company’s stock valued at $138,000 after buying an additional 3,169 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Cypress Semiconductor by 10.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,207 shares of the semiconductor company’s stock valued at $167,000 after buying an additional 1,156 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

A number of equities analysts recently commented on CY shares. Susquehanna Bancshares started coverage on Cypress Semiconductor in a report on Wednesday. They issued a “positive” rating and a $20.00 target price on the stock. BidaskClub raised Cypress Semiconductor from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Craig Hallum reaffirmed a “buy” rating and issued a $21.00 target price on shares of Cypress Semiconductor in a report on Tuesday, December 5th. Loop Capital reaffirmed a “buy” rating and issued a $17.00 target price on shares of Cypress Semiconductor in a report on Tuesday, August 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of Cypress Semiconductor in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cypress Semiconductor presently has an average rating of “Buy” and a consensus target price of $17.88.

Shares of Cypress Semiconductor Co. (NASDAQ CY) opened at $15.04 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $5,090.00, a PE ratio of 31.75, a price-to-earnings-growth ratio of 2.75 and a beta of 2.01. Cypress Semiconductor Co. has a twelve month low of $10.95 and a twelve month high of $17.42.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Thursday, December 28th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, December 27th. This represents a $0.44 dividend on an annualized basis and a yield of 2.93%. Cypress Semiconductor’s dividend payout ratio is presently -110.00%.

In other news, EVP Trent Thad sold 74,818 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $15.77, for a total transaction of $1,179,879.86. Following the completion of the transaction, the executive vice president now owns 172,105 shares in the company, valued at $2,714,095.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Sam Geha sold 14,517 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $17.34, for a total value of $251,724.78. Following the transaction, the senior vice president now owns 41,204 shares of the company’s stock, valued at approximately $714,477.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,604 shares of company stock worth $1,619,497. Insiders own 0.69% of the company’s stock.

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Cypress Semiconductor 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 (NASDAQ:CY)

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