Global X Management Co. LLC Acquires 84,631 Shares of Cypress Semiconductor Co. (CY)

Global X Management Co. LLC increased its holdings in shares of Cypress Semiconductor Co. (NASDAQ:CY) by 58.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 229,774 shares of the semiconductor company’s stock after purchasing an additional 84,631 shares during the period. Global X Management Co. LLC owned 0.07% of Cypress Semiconductor worth $3,502,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CY. Macquarie Group Ltd. lifted its stake in shares of Cypress Semiconductor by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 193,193 shares of the semiconductor company’s stock worth $2,637,000 after acquiring an additional 1,468 shares during the period. State Street Corp lifted its stake in shares of Cypress Semiconductor by 3.4% in the 2nd quarter. State Street Corp now owns 9,176,862 shares of the semiconductor company’s stock worth $125,265,000 after acquiring an additional 302,001 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Cypress Semiconductor by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 483,189 shares of the semiconductor company’s stock worth $6,596,000 after acquiring an additional 10,232 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Cypress Semiconductor by 1.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 49,458 shares of the semiconductor company’s stock worth $675,000 after acquiring an additional 851 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Cypress Semiconductor by 28.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 417,520 shares of the semiconductor company’s stock worth $5,699,000 after acquiring an additional 93,491 shares during the period. Institutional investors own 98.12% of the company’s stock.

Cypress Semiconductor Co. (NASDAQ CY) opened at $16.15 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 0.53. Cypress Semiconductor Co. has a twelve month low of $12.46 and a twelve month high of $17.90. The stock has a market cap of $5,455.42, a PE ratio of -57.68, a PEG ratio of 1.05 and a beta of 2.17.

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

In other Cypress Semiconductor news, SVP Sam Geha sold 14,517 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $17.34, for a total transaction of $251,724.78. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Sudhir Gopalswamy sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $17.08, for a total transaction of $51,240.00. Following the transaction, the senior vice president now owns 65,445 shares of the company’s stock, valued at $1,117,800.60. The disclosure for this sale can be found here. Insiders have sold a total of 20,517 shares of company stock valued at $349,495 over the last 90 days. 0.69% of the stock is currently owned by insiders.

Several analysts have recently commented on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $22.00 target price on shares of Cypress Semiconductor in a research note on Monday, January 29th. Craig Hallum increased their price target on shares of Cypress Semiconductor from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of Cypress Semiconductor from a “buy” rating to a “sell” rating in a report on Thursday, February 1st. SunTrust Banks reiterated a “hold” rating and issued a $19.00 price target on shares of Cypress Semiconductor in a report on Friday, February 2nd. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Cypress Semiconductor in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $19.04.

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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.

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

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