Capital Fund Management S.A. grew its stake in Cypress Semiconductor Co. (NASDAQ:CY) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 127,637 shares of the semiconductor company’s stock after buying an additional 10,355 shares during the period. Capital Fund Management S.A.’s holdings in Cypress Semiconductor were worth $1,945,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of CY. Villere ST Denis J & Co. LLC bought a new stake in shares of Cypress Semiconductor in the 4th quarter valued at $69,678,000. Westfield Capital Management Co. LP bought a new stake in shares of Cypress Semiconductor in the 3rd quarter valued at $53,009,000. Ameriprise Financial Inc. increased 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 valued at $184,179,000 after buying an additional 3,116,871 shares in the last quarter. TCW Group Inc. increased 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 valued at $202,214,000 after buying an additional 1,628,930 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Cypress Semiconductor by 113.9% in the 4th quarter. First Trust Advisors LP now owns 1,871,612 shares of the semiconductor company’s stock valued at $28,523,000 after buying an additional 996,755 shares in the last quarter. 91.22% of the stock is currently owned by institutional investors.
In other news, SVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $15.51, for a total transaction of $46,530.00. Following the completion of the transaction, the senior vice president now directly owns 68,445 shares in the company, valued at approximately $1,061,581.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Sam Geha sold 14,517 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $17.34, for a total transaction of $251,724.78. Following the transaction, the senior vice president now owns 41,204 shares of the company’s stock, valued at $714,477.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,517 shares of company stock valued at $349,495. Company insiders own 0.69% of the company’s stock.
Cypress Semiconductor (NASDAQ:CY) last posted its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. Cypress Semiconductor had a negative net margin of 4.02% and a positive return on equity of 12.48%. The company had revenue of $597.54 million during the quarter, compared to the consensus estimate of $593.15 million. During the same period in the prior year, the business posted $0.15 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis. equities analysts forecast that Cypress Semiconductor Co. will post 0.92 earnings per share for the current year.
A number of analysts recently commented on CY shares. Craig Hallum restated a “buy” rating and issued a $21.00 price objective on shares of Cypress Semiconductor in a research report on Tuesday, December 5th. Loop Capital reiterated a “buy” rating and set a $20.00 target price on shares of Cypress Semiconductor in a report on Monday, November 20th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Cypress Semiconductor in a report on Friday, October 27th. Mizuho reiterated a “buy” rating and set a $20.00 target price (up previously from $18.00) on shares of Cypress Semiconductor in a report on Friday, January 12th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $22.00 target price on shares of Cypress Semiconductor in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $19.04.
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About Cypress Semiconductor
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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