Monarch Partners Asset Management LLC trimmed its position in Cypress Semiconductor Co. (NASDAQ:CY) by 29.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 397,382 shares of the semiconductor company’s stock after selling 168,243 shares during the period. Monarch Partners Asset Management LLC’s holdings in Cypress Semiconductor were worth $5,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its position in Cypress Semiconductor by 1.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 143,117 shares of the semiconductor company’s stock valued at $1,820,000 after buying an additional 1,640 shares during the period. Loeb Partners Corp acquired a new stake in Cypress Semiconductor during the fourth quarter valued at $25,000. Penserra Capital Management LLC grew its position in Cypress Semiconductor by 72.5% during the fourth quarter. Penserra Capital Management LLC now owns 12,625 shares of the semiconductor company’s stock valued at $159,000 after buying an additional 5,305 shares during the period. Comerica Bank grew its position in shares of Cypress Semiconductor by 2.0% in the fourth quarter. Comerica Bank now owns 299,081 shares of the semiconductor company’s stock valued at $4,088,000 after purchasing an additional 5,924 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in shares of Cypress Semiconductor by 112.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 895,000 shares of the semiconductor company’s stock valued at $11,384,000 after purchasing an additional 474,600 shares during the period. Institutional investors own 83.13% of the company’s stock.

Shares of CY stock opened at $15.70 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.89 and a debt-to-equity ratio of 0.41. Cypress Semiconductor Co. has a 12 month low of $11.75 and a 12 month high of $18.87. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 1.83 and a beta of 1.85.

Cypress Semiconductor (NASDAQ:CY) last issued its earnings results on Thursday, January 31st. The semiconductor company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. Cypress Semiconductor had a net margin of 14.28% and a return on equity of 22.01%. The company had revenue of $604.47 million for the quarter, compared to the consensus estimate of $598.72 million. On average, research analysts anticipate that Cypress Semiconductor Co. will post 0.85 EPS for the current fiscal year.

In other Cypress Semiconductor news, CEO Hassane El-Khoury sold 4,300 shares of the business’s stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $13.00, for a total transaction of $55,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sudhir Gopalswamy sold 12,598 shares of the business’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $14.00, for a total transaction of $176,372.00. The disclosure for this sale can be found here. Insiders have sold 66,898 shares of company stock worth $926,272 over the last ninety days. 0.43% of the stock is owned by insiders.

Several brokerages have recently issued reports on CY. Barclays dropped their target price on shares of Cypress Semiconductor from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 23rd. BidaskClub upgraded shares of Cypress Semiconductor from a “hold” rating to a “buy” rating in a research report on Saturday, February 9th. SunTrust Banks dropped their target price on shares of Cypress Semiconductor to $13.50 and set a “hold” rating on the stock in a research report on Friday, October 26th. Cowen dropped their target price on shares of Cypress Semiconductor from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 23rd. Finally, Piper Jaffray Companies set a $15.00 target price on shares of Cypress Semiconductor and gave the company a “buy” rating in a research report on Friday, October 26th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.45.

TRADEMARK VIOLATION NOTICE: “Monarch Partners Asset Management LLC Sells 168,243 Shares of Cypress Semiconductor Co. (CY)” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/monarch-partners-asset-management-llc-sells-168243-shares-of-cypress-semiconductor-co-cy/2832866.html.

Cypress Semiconductor Company Profile

Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. It operates in two segments, Microcontroller and Connectivity Division, and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip and general-purpose MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, Bluetooth low energy, and ZigBee solutions; WICED development platform; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions.

See Also: Different Types of Derivatives

Want to see what other hedge funds are holding CY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cypress Semiconductor Co. (NASDAQ:CY).

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

Receive News & Ratings for Cypress Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cypress Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.