Trellus Management Company adds Cypress Semiconductor Corporation (CY) to its portfolio

Cypress Semiconductor Corporation (CY) : Trellus Management Company added new position in Cypress Semiconductor Corporation during the most recent quarter end. The investment management firm now holds 30,000 shares of Cypress Semiconductor Corporation which is valued at $347,100 , the company said in a statement filed on Jul 18, 2016 with the SEC.Cypress Semiconductor Corporation makes up approximately 0.78% of Trellus Management Company’s portfolio.

Other Hedge Funds, Including , Simplex Trading boosted its stake in CY in the latest quarter, The investment management firm added 108,718 additional shares and now holds a total of 112,209 shares of Cypress Semiconductor Corporation which is valued at $1,298,258. Cypress Semiconductor Corporation makes up approx 0.16% of Simplex Trading’s portfolio.Capstone Asset Management Co boosted its stake in CY in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 20,941 shares of Cypress Semiconductor Corporation which is valued at $228,047. Cypress Semiconductor Corporation makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Weaver C. Barksdale Associates boosted its stake in CY in the latest quarter, The investment management firm added 33 additional shares and now holds a total of 777 shares of Cypress Semiconductor Corporation which is valued at $8,462. Cypress Semiconductor Corporation makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.

Cypress Semiconductor Corporation opened for trading at $11.6 and hit $11.68 on the upside on Wednesday, eventually ending the session at $11.57, with a gain of 0.52% or 0.06 points. The heightened volatility saw the trading volume jump to 64,34,954 shares. Company has a market cap of $3,607 M.

On the company’s financial health, Cypress Semiconductor Corporation reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.06. The company had revenue of $425.20 million for the quarter, compared to analysts expectations of $425.18 million. The company’s revenue was down -6.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.45 EPS.

Many Wall Street Analysts have commented on Cypress Semiconductor Corporation. Morgan Stanley Downgraded Cypress Semiconductor Corporation on Jul 18, 2016 to ” Equal-Weight”, Price Target of the shares are set at $11.Company shares were Reiterated by Craig Hallum on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 12 from a previous price target of $10 .

Cypress Semiconductor Corporation is a provider of mixed-signal programmable solutions. The Company’s offerings include PSoC 1 PSoC 3 PSoC 4 and PSoC 5LP programmable system-on-chip families. It caters to markets including industrial mobile handsets consumer computation data communications automotive and military. The Company operates in four segments: Programmable Systems Division Memory Products Division Data Communications Division and Emerging Technologies Division. The Programmable Solutions Division designs and develops solutions for end-product manufacturers. The Memory Products Division designs and manufactures SRAM products and non-volatile RAMs (random access memories). The Data Communications Division focuses on solutions for industrial handset and consumer applications. The Emerging Technologies Division consists of the Company’s subsidiaries AgigA Tech Inc. and Deca Technologies Inc.

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