Hourglass Capital LLC lessened its holdings in Cypress Semiconductor Co. (NASDAQ:CY) by 38.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 275,560 shares of the semiconductor company’s stock after selling 174,650 shares during the period. Hourglass Capital LLC’s holdings in Cypress Semiconductor were worth $4,200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CY. Stifel Financial Corp raised its stake in Cypress Semiconductor by 0.4% in the 2nd quarter. Stifel Financial Corp now owns 115,674 shares of the semiconductor company’s stock valued at $1,579,000 after acquiring an additional 449 shares during the period. Macquarie Group Ltd. raised its stake in Cypress Semiconductor by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 193,193 shares of the semiconductor company’s stock valued at $2,637,000 after acquiring an additional 1,468 shares during the period. State Street Corp raised its stake in Cypress Semiconductor by 3.4% in the 2nd quarter. State Street Corp now owns 9,176,862 shares of the semiconductor company’s stock valued at $125,265,000 after acquiring an additional 302,001 shares during the period. The Manufacturers Life Insurance Company raised its stake in Cypress Semiconductor by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 483,189 shares of the semiconductor company’s stock valued at $6,596,000 after acquiring an additional 10,232 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Cypress Semiconductor by 1.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 49,458 shares of the semiconductor company’s stock valued at $675,000 after acquiring an additional 851 shares during the period. Institutional investors and hedge funds own 98.12% of the company’s stock.

Several research analysts have weighed in on the company. KeyCorp increased their price objective on Cypress Semiconductor from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Needham & Company LLC reiterated a “buy” rating on shares of Cypress Semiconductor in a research report on Friday, February 2nd. Susquehanna Bancshares assumed coverage on Cypress Semiconductor in a research report on Wednesday, December 13th. They set a “positive” rating and a $20.00 price objective on the stock. Loop Capital reiterated a “buy” rating and set a $20.00 price objective on shares of Cypress Semiconductor in a research report on Monday, November 20th. Finally, Zacks Investment Research cut Cypress Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $19.04.

Shares of Cypress Semiconductor Co. (CY) opened at $15.72 on Tuesday. The stock has a market capitalization of $5,128.43, a price-to-earnings ratio of -56.14, a PEG ratio of 0.99 and a beta of 2.17. Cypress Semiconductor Co. has a 1-year low of $12.32 and a 1-year high of $17.90. The company has a current ratio of 0.94, a quick ratio of 0.59 and a debt-to-equity ratio of 0.53.

Cypress Semiconductor (NASDAQ:CY) last released its earnings results on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The company had revenue of $597.54 million for the quarter, compared to analyst estimates of $593.15 million. Cypress Semiconductor had a positive return on equity of 12.48% and a negative net margin of 4.02%. Cypress Semiconductor’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS. research analysts anticipate that Cypress Semiconductor Co. will post 0.92 earnings per share for the current year.

In related news, SVP Sudhir Gopalswamy sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $17.08, for a total value of $51,240.00. Following the sale, the senior vice president now directly owns 65,445 shares of the company’s stock, valued at $1,117,800.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the sale, the senior vice president now directly owns 41,204 shares in the company, valued at $714,477.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,517 shares of company stock worth $399,295. 0.69% of the stock is currently owned by insiders.

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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.

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

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