Economy

Cypress Semiconductor Corporation (CY) Earning Somewhat Favorable Media Coverage, Accern Reports

Cypress Semiconductor Corporation (CY) Earning Somewhat Favorable Media Coverage, Accern Reports

Cypress Semiconductor Corporation accounts for about 1.5% of Tealwood Asset Management Inc.'s portfolio, making the stock its 23rd largest position. Glg Prtnrs L P has invested 0.04% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY).

Here are some other firms who have updated their holdings.

In recent trading day Cypress Semiconductor Corporation (CY) stock showed the move of -3.71% with the closing price of $13.22. BlackRock Inc. now owns 27,617,252 shares of the semiconductor company's stock worth $380,014,000 after buying an additional 27,408,148 shares in the last quarter. It turned negative, as 35 investors sold Cypress Semiconductor Corporation shares while 93 reduced holdings. On Sunday, March 12 KWON OC sold $15,064 worth of Cypress Semiconductor Corporation (NASDAQ:CY) or 1,094 shares. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 39.45% since August 10, 2016 and is uptrending. FMR LLC boosted its position in shares of Cypress Semiconductor Corporation by 230.4% in the first quarter. Moreover, Three Bays Capital Lp has 2.79% invested in the company for 5.32 million shares. Finally, Catawba Capital Management VA boosted its stake in shares of Cypress Semiconductor Corporation by 9.8% in the first quarter. Morgan Stanley augmented its holdings by buying 65,303 shares an increase of 18.7% in the quarter. Institutional investors and hedge funds own 95.87% of the company's stock. Cypress Semiconductor Corporation earned a daily sentiment score of 0.18 on Accern's scale. The company had a trading volume of 5,231,361 shares.

The stock of Cypress Semiconductor Corporation (NASDAQ:CY) is a huge mover today! Cypress Semiconductor Corp now has $4.40 billion valuation.

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Cypress Semiconductor Corporation closed its last trading session at $14.03 with the loss of -2.14%. The semiconductor company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.05. Cypress Semiconductor Corporation had a negative net margin of 6.04% and a positive return on equity of 6.27%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.31 billion. Next quarter's EPS is expected be $0.24 and the next full year EPS is projected to be $1.12. Swiss State Bank invested 0.01% in Cypress Semiconductor Corporation (NASDAQ:CY).

In the last earnings report the EPS was $-0.41 and is estimated to be $0.80 for the current year with 332,488,000 shares now outstanding.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. This represents a $0.44 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Tuesday, September 12th.

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Several analysts have released their opinion on Cypress Semiconductor Corporation (NASDAQ:CY), with 6 analysts believing it is a strong buy.

On June 28 the company was upgraded to "Overweight" from "Equal-Weight" in a report issued by Barclays. Stifel Nicolaus restated a "buy" rating and set a $189.00 target price (up from $170.00) on shares of Lam Research Corporation in a research report on Monday, June 19th.

Tcw Group Inc says it bought 3,296,036 shares in quarter ending 06/30/2017 increasing its exposure to Cypress Semiconductor Corporati by 48,657.2%. Finally, Needham & Company LLC raised their target price on Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Currently, the stock has a 1 Year Price Target of $17.54. Also, Director Stephen G. Newberry sold 750 shares of the company's stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $13.31, for a total value of $665,500.00. Vanguard Group Inc. now owns 16,162,079 shares of the semiconductor company's stock valued at $2,285,802,000 after buying an additional 411,951 shares in the last quarter. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 336,460 shares of company stock valued at $4,703,111 over the last 90 days. The disclosure for this sale can be found here. The company has Beta Value of 1.98 and ATR value of 0.39.

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. Its programmable systems-on-chip, general-purpose microcontrollers, analog integrated circuits (ICs), wireless and Universal Serial Bus (USB)-C based connectivity solutions and memories help engineers design differentiated products.

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