Alpha Windward LLC Has $498,000 Stake in Cypress Semiconductor Co. (CY)
Alpha Windward LLC decreased its holdings in shares of Cypress Semiconductor Co. (NASDAQ:CY) by 14.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,669 shares of the semiconductor company’s stock after selling 5,599 shares during the quarter. Alpha Windward LLC’s holdings in Cypress Semiconductor were worth $498,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. FMR LLC raised its position in shares of Cypress Semiconductor by 310.3% in the 2nd quarter. FMR LLC now owns 12,371,805 shares of the semiconductor company’s stock worth $168,875,000 after buying an additional 9,356,825 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of Cypress Semiconductor in the 3rd quarter worth $53,009,000. Ameriprise Financial Inc. raised its position in shares of Cypress Semiconductor by 34.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,262,029 shares of the semiconductor company’s stock worth $184,179,000 after buying an additional 3,116,871 shares during the period. TCW Group Inc. raised its position in shares of Cypress Semiconductor by 13.8% in the 3rd quarter. TCW Group Inc. now owns 13,463,003 shares of the semiconductor company’s stock worth $202,214,000 after buying an additional 1,628,930 shares during the period. Finally, Neuberger Berman Group LLC raised its position in shares of Cypress Semiconductor by 33.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,478,865 shares of the semiconductor company’s stock worth $37,233,000 after buying an additional 618,013 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.
Several brokerages recently weighed in on CY. Mizuho reaffirmed a “buy” rating and issued a $20.00 target price (up from $18.00) on shares of Cypress Semiconductor in a research report on Friday, January 12th. BidaskClub raised Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 6th. Zacks Investment Research lowered Cypress Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Piper Jaffray Companies started coverage on Cypress Semiconductor in a research report on Monday, December 18th. They issued an “overweight” rating and a $20.00 price objective on the stock. Finally, Morgan Stanley reissued an “underweight” rating and issued a $14.50 price objective on shares of Cypress Semiconductor in a research report on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued 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 target price of $18.25.
Cypress Semiconductor Co. (CY) opened at $17.39 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.35 and a quick ratio of 0.92. Cypress Semiconductor Co. has a 52-week low of $10.99 and a 52-week high of $17.50. The company has a market capitalization of $5,800.00, a PE ratio of -43.48, a price-to-earnings-growth ratio of 1.97 and a beta of 2.01.
Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of $604.57 million for the quarter, compared to analyst estimates of $602.16 million. Cypress Semiconductor had a positive return on equity of 9.01% and a negative net margin of 5.75%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same period last year, the company posted $0.15 earnings per share. equities research analysts anticipate that Cypress Semiconductor Co. will post 0.56 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Thursday, December 28th were paid a dividend of $0.11 per share. The ex-dividend date was Wednesday, December 27th. This represents a $0.44 annualized dividend and a dividend yield of 2.53%. Cypress Semiconductor’s dividend payout ratio is presently -110.00%.
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Cypress Semiconductor 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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