Quantitative Investment Management LLC trimmed its holdings in shares of Cypress Semiconductor Corporation (NASDAQ:CY) by 80.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,300 shares of the semiconductor company’s stock after selling 62,900 shares during the quarter. Quantitative Investment Management LLC’s holdings in Cypress Semiconductor Corporation were worth $208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CY. Vanguard Group Inc. raised its position in Cypress Semiconductor Corporation by 1.0% in the first quarter. Vanguard Group Inc. now owns 28,928,330 shares of the semiconductor company’s stock worth $398,053,000 after acquiring an additional 282,468 shares during the period. BlackRock Inc. boosted its stake in Cypress Semiconductor Corporation by 0.8% in the second quarter. BlackRock Inc. now owns 27,848,587 shares of the semiconductor company’s stock valued at $380,133,000 after acquiring an additional 231,335 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Cypress Semiconductor Corporation by 4.4% in the second quarter. Alliancebernstein L.P. now owns 8,959,470 shares of the semiconductor company’s stock valued at $122,297,000 after acquiring an additional 380,718 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in Cypress Semiconductor Corporation by 15.9% in the first quarter. Epoch Investment Partners Inc. now owns 8,918,409 shares of the semiconductor company’s stock valued at $122,718,000 after acquiring an additional 1,225,130 shares during the last quarter. Finally, State Street Corp boosted its stake in Cypress Semiconductor Corporation by 3.0% in the first quarter. State Street Corp now owns 8,874,861 shares of the semiconductor company’s stock valued at $122,116,000 after acquiring an additional 260,449 shares during the last quarter. 97.06% of the stock is owned by institutional investors.

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Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Thursday, June 29th. TheStreet upgraded Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a research note on Thursday, July 27th. KeyCorp reiterated an “overweight” rating on shares of Cypress Semiconductor Corporation in a research note on Thursday, September 14th. Bank of America Corporation reissued a “buy” rating on shares of Cypress Semiconductor Corporation in a report on Sunday. Finally, Loop Capital reissued a “buy” rating and set a $17.00 price objective on shares of Cypress Semiconductor Corporation in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $16.75.

Shares of Cypress Semiconductor Corporation (CY) opened at 15.31 on Tuesday. The company’s 50-day moving average price is $13.92 and its 200-day moving average price is $13.84. The stock’s market cap is $5.09 billion. Cypress Semiconductor Corporation has a one year low of $9.63 and a one year high of $15.32.

Cypress Semiconductor Corporation (NASDAQ:CY) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. The firm had revenue of $593.80 million during the quarter, compared to analyst estimates of $546.82 million. During the same period in the prior year, the business posted $0.13 EPS. Cypress Semiconductor Corporation’s revenue was up 11.6% on a year-over-year basis. Equities research analysts anticipate that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, September 28th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.87%. The ex-dividend date is Wednesday, September 27th. Cypress Semiconductor Corporation’s dividend payout ratio is presently -110.00%.

In other Cypress Semiconductor Corporation news, Director Michael S. Wishart sold 30,000 shares of Cypress Semiconductor Corporation stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $14.07, for a total transaction of $422,100.00. Following the transaction, the director now owns 65,256 shares of the company’s stock, valued at $918,151.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dana Nazarian sold 250,075 shares of Cypress Semiconductor Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $14.10, for a total transaction of $3,526,057.50. Following the transaction, the executive vice president now directly owns 302,657 shares in the company, valued at approximately $4,267,463.70. The disclosure for this sale can be found here. Insiders have acquired 60,000 shares of company stock valued at $834,100 in the last three months. 0.69% of the stock is currently owned by corporate insiders.

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

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