Trexquant Investment LP Has $1.45 Million Position in Cypress Semiconductor Corporation (NASDAQ:CY)

Trexquant Investment LP raised its stake in Cypress Semiconductor Corporation (NASDAQ:CY) by 461.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,535 shares of the semiconductor company’s stock after buying an additional 87,568 shares during the period. Cypress Semiconductor Corporation makes up about 0.4% of Trexquant Investment LP’s investment portfolio, making the stock its 21st largest position. Trexquant Investment LP’s holdings in Cypress Semiconductor Corporation were worth $1,454,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CY. Honeywell International Inc. purchased a new position in Cypress Semiconductor Corporation during the first quarter valued at approximately $11,008,000. Legal & General Group Plc raised its position in Cypress Semiconductor Corporation by 144.8% in the first quarter. Legal & General Group Plc now owns 215,915 shares of the semiconductor company’s stock valued at $2,971,000 after buying an additional 127,706 shares in the last quarter. Advisors Capital Management LLC raised its position in Cypress Semiconductor Corporation by 3.3% in the second quarter. Advisors Capital Management LLC now owns 1,616,935 shares of the semiconductor company’s stock valued at $22,071,000 after buying an additional 51,688 shares in the last quarter. UBS Group AG raised its position in Cypress Semiconductor Corporation by 33.9% in the first quarter. UBS Group AG now owns 623,603 shares of the semiconductor company’s stock valued at $8,580,000 after buying an additional 157,889 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Cypress Semiconductor Corporation by 0.6% in the first quarter. JPMorgan Chase & Co. now owns 2,288,738 shares of the semiconductor company’s stock valued at $31,493,000 after buying an additional 13,114 shares in the last quarter. Institutional investors own 96.92% of the company’s stock.

Cypress Semiconductor Corporation (NASDAQ:CY) traded up 0.08% during trading on Friday, hitting $13.12. The company had a trading volume of 5,053,502 shares. The company’s market cap is $4.36 billion. Cypress Semiconductor Corporation has a 12 month low of $9.63 and a 12 month high of $15.11. The company’s 50 day moving average price is $14.01 and its 200-day moving average price is $13.62.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Thursday, September 28th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Wednesday, September 27th. Cypress Semiconductor Corporation’s payout ratio is -110.00%.

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CY has been the subject of several research analyst reports. Craig Hallum raised their price target on Cypress Semiconductor Corporation from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Tuesday, May 2nd. Mizuho reiterated a “buy” rating and issued a $16.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Monday, April 24th. Loop Capital reiterated a “buy” rating and issued a $17.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Friday, July 28th. Finally, Barclays PLC upgraded Cypress Semiconductor Corporation from an “equal weight” rating to an “overweight” rating in a research note on Friday, July 21st. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $16.67.

In other Cypress Semiconductor Corporation news, EVP Dana Nazarian sold 250,075 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $14.10, for a total value of $3,526,057.50. Following the completion of the sale, the executive vice president now owns 302,657 shares in the company, valued at approximately $4,267,463.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Oc Kwon sold 6,385 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $14.01, for a total transaction of $89,453.85. Following the completion of the sale, the director now owns 69,124 shares of the company’s stock, valued at approximately $968,427.24. The disclosure for this sale can be found here. Insiders have sold 336,460 shares of company stock valued at $4,703,111 over the last 90 days. 0.69% of the stock is currently owned by insiders.

Cypress Semiconductor Corporation Company Profile

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 Corporation (NASDAQ:CY)

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