Raymond James Trust N.A. bought a new stake in shares of Cypress Semiconductor Co. (NASDAQ:CY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,388 shares of the semiconductor company’s stock, valued at approximately $151,000.

A number of other large investors have also recently added to or reduced their stakes in CY. grace capital acquired a new stake in shares of Cypress Semiconductor during the 2nd quarter worth approximately $156,000. Vantage Financial Partners Ltd. Inc. acquired a new stake in Cypress Semiconductor in the 2nd quarter valued at $159,000. GWM Advisors LLC acquired a new stake in Cypress Semiconductor in the 3rd quarter valued at $160,000. Commerzbank Aktiengesellschaft FI acquired a new stake in Cypress Semiconductor in the 2nd quarter valued at $171,000. Finally, Moneta Group Investment Advisors LLC grew its position in Cypress Semiconductor by 117.9% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 12,005 shares of the semiconductor company’s stock valued at $187,000 after purchasing an additional 6,495 shares during the period. 83.47% of the stock is owned by institutional investors and hedge funds.

CY has been the topic of several recent analyst reports. ValuEngine cut Cypress Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. BidaskClub upgraded Cypress Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, September 22nd. Roth Capital dropped their price objective on Cypress Semiconductor from $22.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, October 22nd. Cowen dropped their price objective on Cypress Semiconductor from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 23rd. Finally, Morgan Stanley dropped their price objective on Cypress Semiconductor from $15.00 to $13.00 and set an “underweight” rating on the stock in a research note on Monday, September 24th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.35.

In related news, CEO Hassane El-Khoury sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $13.88, for a total transaction of $694,000.00. Following the completion of the transaction, the chief executive officer now owns 321,539 shares in the company, valued at $4,462,961.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Sudhir Gopalswamy sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 17th. The shares were sold at an average price of $14.00, for a total value of $42,000.00. Following the transaction, the executive vice president now owns 111,157 shares of the company’s stock, valued at approximately $1,556,198. The disclosure for this sale can be found here. Insiders sold 59,000 shares of company stock valued at $824,170 in the last quarter. Corporate insiders own 0.43% of the company’s stock.

Shares of NASDAQ CY opened at $13.74 on Thursday. Cypress Semiconductor Co. has a 12 month low of $11.75 and a 12 month high of $18.87. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 0.46. The stock has a market cap of $4.97 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.09 and a beta of 2.11.

Cypress Semiconductor (NASDAQ:CY) last released its earnings results on Thursday, October 25th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The company had revenue of $673.04 million during the quarter, compared to the consensus estimate of $669.62 million. Cypress Semiconductor had a return on equity of 21.26% and a net margin of 2.08%. Sell-side analysts anticipate that Cypress Semiconductor Co. will post 1.08 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Thursday, December 27th will be given a $0.11 dividend. The ex-dividend date is Wednesday, December 26th. This represents a $0.44 annualized dividend and a yield of 3.20%. Cypress Semiconductor’s payout ratio is currently 73.33%.

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Cypress Semiconductor Profile

Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. It operates in two segments, Microcontroller and Connectivity Division, and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip and general-purpose MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, Bluetooth low energy, and ZigBee solutions; WICED development platform; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions.

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

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