Advantus Capital Management Inc boosted its stake in shares of Cypress Semiconductor Corporation (NASDAQ:CY) by 5.2% during the first quarter, Holdings Channel reports. The institutional investor owned 41,983 shares of the semiconductor company’s stock after buying an additional 2,065 shares during the period. Advantus Capital Management Inc’s holdings in Cypress Semiconductor Corporation were worth $578,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in Cypress Semiconductor Corporation by 9.8% in the first quarter. Bank of New York Mellon Corp now owns 4,932,482 shares of the semiconductor company’s stock valued at $67,871,000 after buying an additional 438,834 shares in the last quarter. Peregrine Capital Management LLC boosted its position in Cypress Semiconductor Corporation by 49.9% in the first quarter. Peregrine Capital Management LLC now owns 3,360,752 shares of the semiconductor company’s stock valued at $47,857,000 after buying an additional 1,118,807 shares in the last quarter. FMR LLC boosted its position in Cypress Semiconductor Corporation by 230.4% in the first quarter. FMR LLC now owns 3,014,980 shares of the semiconductor company’s stock valued at $41,487,000 after buying an additional 2,102,360 shares in the last quarter. Norges Bank purchased a new position in Cypress Semiconductor Corporation during the fourth quarter valued at about $28,889,000. Finally, JPMorgan Chase & Co. boosted its position in Cypress Semiconductor Corporation by 0.6% in the first quarter. JPMorgan Chase & Co. now owns 2,288,738 shares of the semiconductor company’s stock valued at $31,493,000 after buying an additional 13,114 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Institutional Ownership by Quarter for Cypress Semiconductor Corporation (NASDAQ:CY)

Cypress Semiconductor Corporation (CY) traded down 1.72% during midday trading on Friday, hitting $13.14. 6,241,189 shares of the stock were exchanged. The stock’s market cap is $4.33 billion. Cypress Semiconductor Corporation has a one year low of $9.11 and a one year high of $14.98. The firm has a 50-day moving average price of $13.60 and a 200-day moving average price of $12.86.

Cypress Semiconductor Corporation (NASDAQ:CY) last released its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. The business had revenue of $532 million during the quarter, compared to the consensus estimate of $511.41 million. Cypress Semiconductor Corporation had a positive return on equity of 5.31% and a negative net margin of 30.84%. During the same quarter in the previous year, the company posted $0.07 EPS. On average, equities research analysts anticipate that Cypress Semiconductor Corporation will post $0.71 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Thursday, June 29th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Tuesday, June 27th. Cypress Semiconductor Corporation’s dividend payout ratio (DPR) is presently -22.22%.

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CY has been the subject of several analyst reports. Pacific Crest reiterated an “overweight” rating and issued a $17.00 target price (up from $14.00) on shares of Cypress Semiconductor Corporation in a research note on Wednesday, March 29th. Craig Hallum boosted their price target on shares of Cypress Semiconductor Corporation from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, March 29th. Bank of America Corporation reissued a “buy” rating and issued a $18.00 price target on shares of Cypress Semiconductor Corporation in a report on Thursday, May 25th. Needham & Company LLC reissued a “buy” rating and issued a $14.00 price target on shares of Cypress Semiconductor Corporation in a report on Tuesday, February 28th. Finally, Mizuho boosted their price target on shares of Cypress Semiconductor Corporation from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, March 30th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Cypress Semiconductor Corporation presently has a consensus rating of “Buy” and an average price target of $15.46.

In related news, Director Eric Benhamou sold 50,000 shares of Cypress Semiconductor Corporation stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $14.18, for a total transaction of $709,000.00. Following the completion of the sale, the director now owns 118,538 shares in the company, valued at approximately $1,680,868.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Oc Kwon sold 6,385 shares of Cypress Semiconductor Corporation stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $14.01, for a total value of $89,453.85. Following the sale, the director now owns 69,124 shares of the company’s stock, valued at approximately $968,427.24. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

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.

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