ARP Americas LLC Trims Position in Cypress Semiconductor Corporation (NASDAQ:CY)

ARP Americas LLC reduced its stake in Cypress Semiconductor Corporation (NASDAQ:CY) by 33.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,458 shares of the semiconductor company’s stock after selling 9,700 shares during the quarter. ARP Americas LLC’s holdings in Cypress Semiconductor Corporation were worth $292,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Cypress Semiconductor Corporation by 0.8% in the second quarter. BlackRock Inc. now owns 27,848,587 shares of the semiconductor company’s stock valued at $380,133,000 after acquiring an additional 231,335 shares in the last quarter. FMR LLC lifted its position in shares of Cypress Semiconductor Corporation by 310.3% in the second quarter. FMR LLC now owns 12,371,805 shares of the semiconductor company’s stock valued at $168,875,000 after acquiring an additional 9,356,825 shares in the last quarter. State Street Corp lifted its position in shares of Cypress Semiconductor Corporation by 3.4% in the second 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 in the last quarter. Alliancebernstein L.P. lifted its position in shares of Cypress Semiconductor Corporation by 4.4% in the second quarter. Alliancebernstein L.P. now owns 8,959,470 shares of the semiconductor company’s stock valued at $122,297,000 after acquiring an additional 380,718 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Cypress Semiconductor Corporation by 247.2% in the second quarter. JPMorgan Chase & Co. now owns 7,947,488 shares of the semiconductor company’s stock valued at $108,483,000 after acquiring an additional 5,658,750 shares in the last quarter. Institutional investors and hedge funds own 95.05% of the company’s stock.

Cypress Semiconductor Corporation (CY) remained flat at $$16.61 during trading hours on Friday. The company had a trading volume of 5,034,900 shares, compared to its average volume of 6,600,739. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.92 and a current ratio of 1.35. Cypress Semiconductor Corporation has a 1 year low of $10.51 and a 1 year high of $17.15. The company has a market cap of $5,542.17, a P/E ratio of 34.60, a P/E/G ratio of 2.99 and a beta of 2.02.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Thursday, December 28th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Wednesday, December 27th. Cypress Semiconductor Corporation’s dividend payout ratio (DPR) is -110.00%.

In other Cypress Semiconductor Corporation news, Director Catherine P. Lego bought 20,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were purchased at an average price of $13.69 per share, with a total value of $273,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Camillo Martino bought 10,000 shares of the business’s stock in a transaction on Monday, August 21st. The shares were acquired at an average cost of $12.92 per share, for a total transaction of $129,200.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at $258,400. The disclosure for this purchase can be found here. In the last three months, insiders purchased 60,000 shares of company stock worth $834,100 and sold 86,087 shares worth $1,367,772. Company insiders own 0.69% of the company’s stock.

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Several analysts have recently issued reports on CY shares. KeyCorp set a $17.00 price objective on Cypress Semiconductor Corporation and gave the company a “buy” rating in a research report on Wednesday, July 26th. Craig Hallum upped their price objective on Cypress Semiconductor Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Needham & Company LLC raised their price objective on Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Loop Capital restated a “buy” rating and issued a $17.00 price objective on shares of Cypress Semiconductor Corporation in a report on Friday, July 28th. Finally, TheStreet upgraded Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Cypress Semiconductor Corporation currently has a consensus rating of “Buy” and an average target price of $17.67.

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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