Gamco Investors INC. ET AL Trims Holdings in Cypress Semiconductor Co. (NASDAQ:CY)

Gamco Investors INC. ET AL decreased its stake in shares of Cypress Semiconductor Co. (NASDAQ:CY) by 0.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,608,610 shares of the semiconductor company’s stock after selling 12,907 shares during the quarter. Gamco Investors INC. ET AL owned about 0.44% of Cypress Semiconductor worth $35,775,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. TCW Group Inc. increased its position in Cypress Semiconductor by 0.4% in the 1st quarter. TCW Group Inc. now owns 9,521,143 shares of the semiconductor company’s stock valued at $142,055,000 after acquiring an additional 37,670 shares during the period. Ceredex Value Advisors LLC increased its position in Cypress Semiconductor by 7.4% in the 1st quarter. Ceredex Value Advisors LLC now owns 5,527,700 shares of the semiconductor company’s stock valued at $83,075,000 after acquiring an additional 378,900 shares during the period. Villere ST Denis J & Co. LLC increased its position in Cypress Semiconductor by 2.3% in the 1st quarter. Villere ST Denis J & Co. LLC now owns 5,265,327 shares of the semiconductor company’s stock valued at $78,558,000 after acquiring an additional 119,955 shares during the period. Geode Capital Management LLC increased its position in Cypress Semiconductor by 14.1% in the 4th quarter. Geode Capital Management LLC now owns 3,953,810 shares of the semiconductor company’s stock valued at $50,292,000 after acquiring an additional 488,965 shares during the period. Finally, Rice Hall James & Associates LLC increased its position in Cypress Semiconductor by 1.0% in the 1st quarter. Rice Hall James & Associates LLC now owns 3,011,384 shares of the semiconductor company’s stock valued at $44,930,000 after acquiring an additional 31,080 shares during the period. Hedge funds and other institutional investors own 77.13% of the company’s stock.

Shares of Cypress Semiconductor stock traded up $0.01 during trading hours on Monday, reaching $22.97. 44,278 shares of the company’s stock were exchanged, compared to its average volume of 5,225,097. Cypress Semiconductor Co. has a 52-week low of $11.75 and a 52-week high of $23.11. The firm has a market capitalization of $8.47 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 2.56 and a beta of 1.86. The company has a fifty day moving average of $22.59 and a 200-day moving average of $18.30. The company has a current ratio of 1.91, a quick ratio of 1.31 and a debt-to-equity ratio of 0.41.

Cypress Semiconductor (NASDAQ:CY) last issued its earnings results on Thursday, July 25th. The semiconductor company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $532.20 million during the quarter, compared to analysts’ expectations of $530.96 million. Cypress Semiconductor had a return on equity of 19.36% and a net margin of 13.83%. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. On average, equities research analysts anticipate that Cypress Semiconductor Co. will post 0.89 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 26th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.92%. Cypress Semiconductor’s dividend payout ratio (DPR) is currently 37.93%.

Several equities analysts have issued reports on CY shares. Morgan Stanley upgraded Cypress Semiconductor from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $11.50 to $15.50 in a research report on Thursday, May 30th. ValuEngine upgraded Cypress Semiconductor from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd. Craig Hallum cut Cypress Semiconductor from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. SunTrust Banks upped their price target on Cypress Semiconductor to $23.85 in a report on Tuesday, June 4th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies cut Cypress Semiconductor from an “overweight” rating to a “neutral” rating in a report on Monday, June 3rd. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $20.75.

In related news, EVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $22.18, for a total value of $66,540.00. Following the completion of the sale, the executive vice president now directly owns 163,644 shares in the company, valued at approximately $3,629,623.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Hassane El-Khoury sold 20,000 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $22.16, for a total value of $443,200.00. Following the completion of the sale, the chief executive officer now owns 521,745 shares of the company’s stock, valued at $11,561,869.20. The disclosure for this sale can be found here. Insiders sold a total of 51,000 shares of company stock worth $1,135,440 over the last ninety days. Corporate insiders own 0.55% of the company’s stock.

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; 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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