RMB Capital Management LLC Boosts Position in Cypress Semiconductor Co. (CY)

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RMB Capital Management LLC boosted its holdings in Cypress Semiconductor Co. (NASDAQ:CY) by 15.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 270,625 shares of the semiconductor company’s stock after acquiring an additional 37,010 shares during the quarter. RMB Capital Management LLC’s holdings in Cypress Semiconductor were worth $3,442,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Private Advisor Group LLC acquired a new stake in shares of Cypress Semiconductor in the 3rd quarter valued at about $221,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Cypress Semiconductor by 22.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 81,866 shares of the semiconductor company’s stock valued at $1,186,000 after purchasing an additional 15,252 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Cypress Semiconductor by 111.5% in the 3rd quarter. American Century Companies Inc. now owns 1,267,164 shares of the semiconductor company’s stock valued at $18,361,000 after purchasing an additional 668,096 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of Cypress Semiconductor in the 3rd quarter valued at about $571,000. Finally, Stone Ridge Asset Management LLC raised its stake in shares of Cypress Semiconductor by 123.7% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 42,407 shares of the semiconductor company’s stock valued at $614,000 after purchasing an additional 23,450 shares in the last quarter. 82.04% of the stock is owned by institutional investors and hedge funds.

In other Cypress Semiconductor news, EVP Sudhir Gopalswamy sold 12,598 shares of the firm’s stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $14.00, for a total value of $176,372.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Hassane El-Khoury sold 4,300 shares of the firm’s stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $13.00, for a total transaction of $55,900.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,898 shares of company stock worth $279,012. 0.43% of the stock is owned by company insiders.

A number of equities research analysts have recently issued reports on CY shares. MKM Partners upped their target price on shares of Cypress Semiconductor to $18.00 and gave the company a “buy” rating in a research note on Friday. Bank of America restated a “buy” rating and issued a $18.00 target price on shares of Cypress Semiconductor in a research note on Thursday. Needham & Company LLC restated a “buy” rating on shares of Cypress Semiconductor in a research note on Thursday. BidaskClub upgraded shares of Cypress Semiconductor from a “hold” rating to a “buy” rating in a research note on Saturday, February 9th. Finally, Craig Hallum restated a “buy” rating and issued a $18.00 target price (down previously from $20.00) on shares of Cypress Semiconductor in a research note on Friday, February 1st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Cypress Semiconductor currently has an average rating of “Hold” and an average target price of $17.32.

CY opened at $15.09 on Friday. The stock has a market cap of $5.49 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 1.77 and a beta of 1.93. Cypress Semiconductor Co. has a fifty-two week low of $11.75 and a fifty-two week high of $18.72. The company has a current ratio of 1.64, a quick ratio of 0.89 and a debt-to-equity ratio of 0.41.

Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings data on Thursday, January 31st. The semiconductor company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. The firm had revenue of $604.47 million for the quarter, compared to analyst estimates of $598.72 million. Cypress Semiconductor had a net margin of 14.28% and a return on equity of 22.01%. Sell-side analysts predict that Cypress Semiconductor Co. will post 0.85 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, March 28th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.44 annualized dividend and a yield of 2.92%. Cypress Semiconductor’s dividend payout ratio (DPR) is 37.93%.

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About Cypress Semiconductor

Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. It operates in two segments, Microcontroller and Connectivity Division, and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip and general-purpose MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, Bluetooth low energy, and ZigBee solutions; WICED development platform; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions.

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Want to see what other hedge funds are holding CY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cypress Semiconductor Co. (NASDAQ:CY).

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

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