Cypress Semiconductor Corporation (CY) : New Jersey Better Educational Savings Trust added new position in Cypress Semiconductor Corporation during the most recent quarter end. The investment management firm now holds 70,000 shares of Cypress Semiconductor Corporation which is valued at $794,500 , the company said in a statement filed on Aug 2, 2016 with the SEC.Cypress Semiconductor Corporation makes up approximately 0.51% of New Jersey Better Educational Savings Trust’s portfolio.
Other Hedge Funds, Including , Investors Capital Advisory Services reduced its stake in CY by selling 2,393 shares or 4.81% in the most recent quarter. The Hedge Fund company now holds 47,386 shares of CY which is valued at $537,831. Cypress Semiconductor Corporation makes up approx 0.10% of Investors Capital Advisory Services’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in CY by selling 650 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 74,562 shares of CY which is valued at $867,902. Cypress Semiconductor Corporation makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.Retirement Systems Of Alabama reduced its stake in CY by selling 683,453 shares or 62.96% in the most recent quarter. The Hedge Fund company now holds 402,157 shares of CY which is valued at $4,697,194. Cypress Semiconductor Corporation makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio. Jfs Wealth Advisors sold out all of its stake in CY during the most recent quarter. The investment firm sold 214 shares of CY which is valued $2,500.
Cypress Semiconductor Corporation closed down -0.02 points or -0.17% at $11.53 with 55,63,421 shares getting traded on Monday. Post opening the session at $11.62, the shares hit an intraday low of $11.52 and an intraday high of $11.815 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.