Comerica Bank Has $5.94 Million Stake in Cypress Semiconductor Corporation (CY)

Comerica Bank boosted its stake in Cypress Semiconductor Corporation (NASDAQ:CY) by 23.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364,190 shares of the semiconductor company’s stock after acquiring an additional 69,236 shares during the period. Comerica Bank owned 0.11% of Cypress Semiconductor Corporation worth $5,940,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Ffcm LLC raised its holdings in shares of Cypress Semiconductor Corporation by 139.2% during the second quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 4,740 shares during the period. IFP Advisors Inc raised its holdings in shares of Cypress Semiconductor Corporation by 13.3% during the second quarter. IFP Advisors Inc now owns 8,628 shares of the semiconductor company’s stock worth $118,000 after purchasing an additional 1,014 shares during the period. ING Groep NV acquired a new stake in shares of Cypress Semiconductor Corporation during the second quarter worth $138,000. Thompson Davis & CO. Inc. raised its holdings in shares of Cypress Semiconductor Corporation by 45.6% during the second quarter. Thompson Davis & CO. Inc. now owns 10,119 shares of the semiconductor company’s stock worth $138,000 after purchasing an additional 3,169 shares during the period. Finally, Moloney Securities Asset Management LLC acquired a new stake in shares of Cypress Semiconductor Corporation during the second quarter worth $147,000. 95.05% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Cypress Semiconductor Corporation (NASDAQ CY) opened at $17.07 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.92 and a current ratio of 1.35. Cypress Semiconductor Corporation has a 52 week low of $10.51 and a 52 week high of $17.15. The company has a market cap of $5,670.00, a PE ratio of 34.60, a price-to-earnings-growth ratio of 2.99 and a beta of 2.02.

Cypress Semiconductor Corporation (NASDAQ:CY) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Cypress Semiconductor Corporation had a negative net margin of 5.75% and a positive return on equity of 9.01%. The company had revenue of $604.57 million during the quarter, compared to analyst estimates of $602.16 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 14.0% on a year-over-year basis. equities research analysts predict that Cypress Semiconductor Corporation will post 0.56 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Thursday, December 28th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Wednesday, December 27th. Cypress Semiconductor Corporation’s dividend payout ratio is presently -110.00%.

In other news, SVP Sam Geha sold 8,269 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $16.70, for a total value of $138,092.30. Following the completion of the sale, the senior vice president now directly owns 63,000 shares of the company’s stock, valued at $1,052,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Trent Thad sold 74,818 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $15.77, for a total transaction of $1,179,879.86. Following the transaction, the executive vice president now directly owns 172,105 shares in the company, valued at approximately $2,714,095.85. The disclosure for this sale can be found here. Insiders have sold 86,087 shares of company stock valued at $1,367,772 over the last ninety days. Insiders own 0.69% of the company’s stock.

Several research firms have recently commented on CY. Loop Capital restated a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor Corporation in a research report on Monday. BidaskClub upgraded shares of Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. KeyCorp set a $17.00 price target on shares of Cypress Semiconductor Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Needham & Company LLC upped their price target on shares of Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, TheStreet upgraded shares of Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Cypress Semiconductor Corporation currently has an average rating of “Buy” and an average price target of $17.67.

Cypress Semiconductor Corporation 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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