Cypress Semiconductor Corporation (CY) Stake Decreased by Nomura Holdings Inc.

Nomura Holdings Inc. reduced its holdings in Cypress Semiconductor Corporation (NASDAQ:CY) by 81.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 231,274 shares of the semiconductor company’s stock after selling 986,250 shares during the quarter. Nomura Holdings Inc. owned about 0.07% of Cypress Semiconductor Corporation worth $3,157,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cigna Investments Inc. New boosted its position in shares of Cypress Semiconductor Corporation by 0.6% during the second quarter. Cigna Investments Inc. New now owns 12,584 shares of the semiconductor company’s stock valued at $173,000 after purchasing an additional 72 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Cypress Semiconductor Corporation by 0.3% during the second quarter. ProShare Advisors LLC now owns 47,595 shares of the semiconductor company’s stock valued at $650,000 after purchasing an additional 162 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of Cypress Semiconductor Corporation by 0.8% during the second quarter. Capstone Asset Management Co. now owns 23,441 shares of the semiconductor company’s stock valued at $320,000 after purchasing an additional 180 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Cypress Semiconductor Corporation by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,079 shares of the semiconductor company’s stock valued at $656,000 after purchasing an additional 182 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Cypress Semiconductor Corporation by 1.6% during the second quarter. Bank of Montreal Can now owns 20,158 shares of the semiconductor company’s stock valued at $276,000 after purchasing an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 97.06% of the company’s stock.

Cypress Semiconductor Corporation (NASDAQ:CY) traded up 1.02% on Friday, hitting $15.92. The stock had a trading volume of 887,350 shares. Cypress Semiconductor Corporation has a 52-week low of $9.63 and a 52-week high of $16.11. The firm’s market cap is $5.29 billion. The company has a 50-day moving average price of $14.44 and a 200 day moving average price of $13.93.

Cypress Semiconductor Corporation (NASDAQ:CY) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. The company had revenue of $593.80 million during the quarter, compared to analyst estimates of $546.82 million. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Equities analysts forecast that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Thursday, September 28th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, September 27th. This represents a $0.44 dividend on an annualized basis and a yield of 2.79%. Cypress Semiconductor Corporation’s dividend payout ratio (DPR) is -110.00%.

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Several research firms have commented on CY. SunTrust Banks, Inc. reissued a “buy” rating and issued a $19.00 target price on shares of Cypress Semiconductor Corporation in a report on Thursday. BidaskClub raised Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Loop Capital reissued a “buy” rating and issued a $17.00 target price on shares of Cypress Semiconductor Corporation in a report on Tuesday, August 22nd. Bank of America Corporation reissued a “buy” rating on shares of Cypress Semiconductor Corporation in a report on Sunday, October 1st. Finally, KeyCorp reissued an “overweight” rating on shares of Cypress Semiconductor Corporation in a report on Thursday, September 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. Cypress Semiconductor Corporation presently has a consensus rating of “Buy” and an average target price of $17.09.

In related news, Director Camillo Martino acquired 10,000 shares of Cypress Semiconductor Corporation stock in a transaction on Monday, August 21st. The stock was acquired at an average price of $12.92 per share, for a total transaction of $129,200.00. Following the purchase, the director now owns 20,000 shares of the company’s stock, valued at approximately $258,400. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director J Daniel Mccranie acquired 30,000 shares of Cypress Semiconductor Corporation stock in a transaction on Thursday, September 14th. The shares were bought at an average price of $14.37 per share, with a total value of $431,100.00. Following the purchase, the director now directly owns 55,000 shares in the company, valued at approximately $790,350. The disclosure for this purchase can be found here. Insiders purchased a total of 60,000 shares of company stock valued at $834,100 in the last 90 days. 0.69% of the stock is currently owned by company insiders.

About Cypress Semiconductor Corporation

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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