Cypress Semiconductor Corporation (CY) : Advisors Asset Management scooped up 393,713 additional shares in Cypress Semiconductor Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 2,569,339 shares of Cypress Semiconductor Corporation which is valued at $28,057,182.Cypress Semiconductor Corporation makes up approximately 0.44% of Advisors Asset Management’s portfolio.
Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc added CY to its portfolio by purchasing 16,035 company shares during the most recent quarter which is valued at $175,102.Cambridge Investment Research Advisors reduced its stake in CY by selling 195 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 101,437 shares of CY which is valued at $1,171,597. Cypress Semiconductor Corporation makes up approx 0.02% of Cambridge Investment Research Advisors’s portfolio.Provise Management Group boosted its stake in CY in the latest quarter, The investment management firm added 10,400 additional shares and now holds a total of 61,200 shares of Cypress Semiconductor Corporation which is valued at $694,620. Cypress Semiconductor Corporation makes up approx 0.13% of Provise Management Group’s portfolio.Independent Portfolio Consultants reduced its stake in CY by selling 10 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 3,995 shares of CY which is valued at $44,424. Cypress Semiconductor Corporation makes up approx 0.01% of Independent Portfolio Consultants’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in CY by selling 113,900 shares or 11.08% in the most recent quarter. The Hedge Fund company now holds 914,300 shares of CY which is valued at $9,956,727. Cypress Semiconductor Corporation makes up approx 0.09% of Nn Investment Partners Holdings N.v.’s portfolio.
Cypress Semiconductor Corporation opened for trading at $11.09 and hit $11.37 on the upside on Monday, eventually ending the session at $11.29, with a gain of 2.64% or 0.29 points. The heightened volatility saw the trading volume jump to 57,71,649 shares. Company has a market cap of $3,626 M.
On the company’s financial health, Cypress Semiconductor Corporation reported $0.12 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.12. The company had revenue of $456.38 million for the quarter, compared to analysts expectations of $455.19 million. The company’s revenue was down -7.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.
Many Wall Street Analysts have commented on Cypress Semiconductor Corporation. Company shares were Reiterated by Craig Hallum on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 14 from a previous price target of $12 .Morgan Stanley Downgraded Cypress Semiconductor Corporation on Jul 18, 2016 to ” Equal-Weight”, Price Target of the shares are set at $11.
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.