153,089 Shares in Cypress Semiconductor Co. (NASDAQ:CY) Purchased by Two Sigma Investments LP

Two Sigma Investments LP acquired a new stake in Cypress Semiconductor Co. (NASDAQ:CY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 153,089 shares of the semiconductor company’s stock, valued at approximately $1,947,000.

Several other hedge funds have also recently made changes to their positions in CY. Vanguard Group Inc. boosted its stake in shares of Cypress Semiconductor by 8.2% in the third quarter. Vanguard Group Inc. now owns 37,219,787 shares of the semiconductor company’s stock worth $539,316,000 after buying an additional 2,820,094 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Cypress Semiconductor by 8.2% in the third quarter. Vanguard Group Inc now owns 37,219,787 shares of the semiconductor company’s stock worth $539,316,000 after buying an additional 2,820,094 shares during the last quarter. Ceredex Value Advisors LLC boosted its stake in shares of Cypress Semiconductor by 26.0% in the fourth quarter. Ceredex Value Advisors LLC now owns 5,148,800 shares of the semiconductor company’s stock worth $66,059,000 after buying an additional 1,063,300 shares during the last quarter. Villere ST Denis J & Co. LLC boosted its stake in shares of Cypress Semiconductor by 7.6% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 5,145,372 shares of the semiconductor company’s stock worth $65,449,000 after buying an additional 361,602 shares during the last quarter. Finally, Robecosam AG boosted its stake in shares of Cypress Semiconductor by 37.2% in the fourth quarter. Robecosam AG now owns 3,985,000 shares of the semiconductor company’s stock worth $50,410,000 after buying an additional 1,080,000 shares during the last quarter. 82.40% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $16.37, for a total value of $49,110.00. Following the completion of the sale, the executive vice president now owns 162,979 shares of the company’s stock, valued at $2,667,966.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Sam Geha sold 5,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $15.90, for a total value of $79,500.00. Following the completion of the sale, the executive vice president now directly owns 120,603 shares of the company’s stock, valued at approximately $1,917,587.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,598 shares of company stock worth $658,242. Company insiders own 0.55% of the company’s stock.

CY stock traded up $0.34 during mid-day trading on Wednesday, reaching $16.58. 5,206,209 shares of the company’s stock were exchanged, compared to its average volume of 4,056,671. The company has a market capitalization of $6.04 billion, a P/E ratio of 14.29, a P/E/G ratio of 1.92 and a beta of 1.92. Cypress Semiconductor Co. has a 12-month low of $11.75 and a 12-month high of $18.59. The company has a current ratio of 1.64, a quick ratio of 1.17 and a debt-to-equity ratio of 0.41.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, March 28th were given a $0.11 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.44 annualized dividend and a dividend yield of 2.65%. Cypress Semiconductor’s dividend payout ratio (DPR) is presently 37.93%.

A number of brokerages have recently commented on CY. Needham & Company LLC upped their target price on Cypress Semiconductor to $20.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. BidaskClub upgraded Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 18th. Zacks Investment Research upgraded Cypress Semiconductor from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. Bank of America reiterated a “buy” rating and set a $18.00 price target on shares of Cypress Semiconductor in a research report on Thursday, March 14th. Finally, MKM Partners increased their price target on Cypress Semiconductor to $18.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.05.

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About Cypress Semiconductor

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; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, and Bluetooth low energy; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions.

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

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