Zurcher Kantonalbank Zurich Cantonalbank Has $659,000 Holdings in Cypress Semiconductor Co. (CY)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Cypress Semiconductor Co. (NASDAQ:CY) by 40.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 43,245 shares of the semiconductor company’s stock after purchasing an additional 12,405 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cypress Semiconductor were worth $659,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CY. San Francisco Sentry Investment Group CA lifted its position 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 purchasing an additional 6,082 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Cypress Semiconductor during the 4th quarter worth about $145,000. ClariVest Asset Management LLC lifted its position in shares of Cypress Semiconductor by 80.6% during the 3rd quarter. ClariVest Asset Management LLC now owns 12,321 shares of the semiconductor company’s stock worth $185,000 after purchasing an additional 5,500 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Cypress Semiconductor by 80.6% during the 3rd quarter. Nordea Investment Management AB now owns 12,321 shares of the semiconductor company’s stock worth $185,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new position in shares of Cypress Semiconductor during the 3rd quarter worth about $204,000. 98.12% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Sam Geha sold 14,517 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $17.34, for a total value of $251,724.78. Following the sale, the senior vice president now directly owns 41,204 shares in the company, valued at approximately $714,477.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Sudhir Gopalswamy sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $17.08, for a total value of $51,240.00. Following the completion of the sale, the senior vice president now owns 65,445 shares in the company, valued at $1,117,800.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,517 shares of company stock worth $349,495. Corporate insiders own 0.69% of the company’s stock.

Several research firms recently weighed in on CY. Craig Hallum reissued a “buy” rating and set a $21.00 price objective on shares of Cypress Semiconductor in a research report on Tuesday, December 5th. SunTrust Banks restated a “hold” rating and set a $19.00 price target on shares of Cypress Semiconductor in a research note on Friday, February 2nd. Susquehanna Bancshares assumed coverage on Cypress Semiconductor in a research note on Wednesday, December 13th. They set a “positive” rating and a $20.00 price target on the stock. BidaskClub upgraded Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 1st. Finally, Loop Capital restated a “buy” rating and set a $20.00 price target (up from $17.00) on shares of Cypress Semiconductor in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cypress Semiconductor presently has a consensus rating of “Buy” and a consensus target price of $19.04.

Cypress Semiconductor Co. (NASDAQ:CY) opened at $16.01 on Thursday. Cypress Semiconductor Co. has a 12 month low of $12.46 and a 12 month high of $17.90. The stock has a market capitalization of $5,340.00, a PE ratio of -57.18, a P/E/G ratio of 1.01 and a beta of 2.17. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.59 and a current ratio of 0.94.

Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. Cypress Semiconductor had a positive return on equity of 12.48% and a negative net margin of 4.02%. The company had revenue of $597.54 million for the quarter, compared to analyst estimates of $593.15 million. During the same period in the prior year, the company posted $0.15 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. equities analysts anticipate that Cypress Semiconductor Co. will post 0.92 EPS for the current fiscal year.

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About Cypress Semiconductor

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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