Royce & Associates LP Has $22.62 Million Holdings in Cypress Semiconductor Co. (CY)

Royce & Associates LP raised its stake in Cypress Semiconductor Co. (NASDAQ:CY) by 8.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,506,200 shares of the semiconductor company’s stock after acquiring an additional 122,000 shares during the quarter. Royce & Associates LP owned approximately 0.45% of Cypress Semiconductor worth $22,623,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. San Francisco Sentry Investment Group CA raised its stake in shares of Cypress Semiconductor by 1,061.4% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 6,655 shares of the semiconductor company’s stock worth $100,000 after buying an additional 6,082 shares during the period. Ffcm LLC increased its position in shares of Cypress Semiconductor 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 in the last quarter. IFP Advisors Inc increased its position in shares of Cypress Semiconductor 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 in the last quarter. Thompson Davis & CO. Inc. increased its position in shares of Cypress Semiconductor 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 in the last quarter. Finally, ING Groep NV purchased a new stake in shares of Cypress Semiconductor during the second quarter worth approximately $138,000. 97.38% of the stock is owned by institutional investors.

Cypress Semiconductor Co. (NASDAQ:CY) opened at $15.32 on Friday. The firm has a market capitalization of $5,111.75, a price-to-earnings ratio of 31.92, a PEG ratio of 2.76 and a beta of 2.01. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.60. Cypress Semiconductor Co. has a twelve month low of $10.95 and a twelve month high of $17.42.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Thursday, December 28th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, December 27th. Cypress Semiconductor’s payout ratio is -110.00%.

Several analysts recently commented on CY shares. Loop Capital reiterated a “buy” rating and set a $17.00 price target on shares of Cypress Semiconductor in a research report on Tuesday, August 22nd. Mizuho restated a “buy” rating and issued a $17.00 target price on shares of Cypress Semiconductor in a report on Tuesday, August 29th. Craig Hallum restated a “buy” rating and issued a $20.00 target price on shares of Cypress Semiconductor in a report on Thursday, August 31st. KeyCorp restated an “overweight” rating on shares of Cypress Semiconductor in a report on Thursday, September 14th. Finally, Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Cypress Semiconductor in a report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cypress Semiconductor has a consensus rating of “Buy” and an average price target of $17.58.

In related news, SVP Sam Geha sold 14,517 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $17.34, for a total transaction of $251,724.78. Following the transaction, the senior vice president now owns 41,204 shares of the company’s stock, valued at approximately $714,477.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director J Daniel Mccranie bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were purchased at an average cost of $14.37 per share, for a total transaction of $431,100.00. Following the purchase, the director now owns 55,000 shares in the company, valued at approximately $790,350. The disclosure for this purchase can be found here. In the last three months, insiders have sold 100,604 shares of company stock worth $1,619,497. 0.69% of the stock is owned by corporate insiders.

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Cypress Semiconductor 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.

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

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