California Public Employees Retirement System Grows Holdings in Cypress Semiconductor Co. (CY)

California Public Employees Retirement System boosted its position in shares of Cypress Semiconductor Co. (NASDAQ:CY) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,297,703 shares of the semiconductor company’s stock after purchasing an additional 50,403 shares during the period. California Public Employees Retirement System owned about 0.39% of Cypress Semiconductor worth $19,777,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. San Francisco Sentry Investment Group CA grew its holdings in shares of Cypress Semiconductor by 1,061.4% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 6,655 shares of the semiconductor company’s stock valued at $100,000 after acquiring an additional 6,082 shares in the last quarter. Thompson Davis & CO. Inc. grew its holdings in shares of Cypress Semiconductor by 750.0% in the 4th quarter. Thompson Davis & CO. Inc. now owns 8,500 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 7,500 shares in the last quarter. Contravisory Investment Management Inc. bought a new position in shares of Cypress Semiconductor in the 4th quarter valued at about $145,000. ClariVest Asset Management LLC grew its holdings in shares of Cypress Semiconductor by 80.6% in the 3rd quarter. ClariVest Asset Management LLC now owns 12,321 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 5,500 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Cypress Semiconductor by 80.6% in the 3rd quarter. Nordea Investment Management AB now owns 12,321 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 5,500 shares in the last quarter. Hedge funds and other institutional investors own 91.22% of the company’s stock.

Cypress Semiconductor Co. (CY) opened at $16.85 on Thursday. Cypress Semiconductor Co. has a 1-year low of $12.46 and a 1-year high of $17.90. The company has a current ratio of 0.94, a quick ratio of 0.59 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $5,605.57, a PE ratio of 26.25, a P/E/G ratio of 1.08 and a beta of 2.17.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Investors of record on Thursday, March 29th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Wednesday, March 28th. Cypress Semiconductor’s payout ratio is currently -157.14%.

Several brokerages have recently weighed in on CY. Piper Jaffray Companies restated a “buy” rating and issued a $22.00 price objective on shares of Cypress Semiconductor in a report on Monday, January 29th. Craig Hallum raised their price objective on 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 cut Cypress Semiconductor from a “buy” rating to a “sell” rating in a report on Thursday, February 1st. SunTrust Banks restated a “hold” rating and issued a $19.00 price objective on shares of Cypress Semiconductor in a report on Friday, February 2nd. Finally, Needham & Company LLC restated a “buy” rating on shares of Cypress Semiconductor in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cypress Semiconductor presently has a consensus rating of “Buy” and an average target price of $19.04.

In related news, EVP Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $16.25, for a total transaction of $48,750.00. Following the completion of the transaction, the executive vice president now owns 91,509 shares in the company, valued at $1,487,021.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 9,000 shares of company stock valued at $146,520 in the last quarter. 0.69% of the stock is currently owned by corporate insiders.

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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.

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

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