Oregon Public Employees Retirement Fund cut its holdings in Cypress Semiconductor Co. (NASDAQ:CY) by 6.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 139,837 shares of the semiconductor company’s stock after selling 9,641 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Cypress Semiconductor were worth $3,262,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Aigen Investment Management LP acquired a new position in Cypress Semiconductor during the fourth quarter worth $26,000. Covington Capital Management acquired a new stake in shares of Cypress Semiconductor in the 3rd quarter valued at about $35,000. Liberty Wealth Management LLC acquired a new stake in shares of Cypress Semiconductor in the 3rd quarter valued at about $41,000. Carmichael Hill & Associates Inc. acquired a new stake in shares of Cypress Semiconductor in the 4th quarter valued at about $42,000. Finally, Quest Capital Management Inc. ADV acquired a new stake in shares of Cypress Semiconductor in the 3rd quarter valued at about $62,000. Institutional investors and hedge funds own 78.31% of the company’s stock.
A number of brokerages recently issued reports on CY. Mizuho reissued a “hold” rating and issued a $23.85 target price on shares of Cypress Semiconductor in a research report on Thursday, January 30th. BidaskClub cut Cypress Semiconductor from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 21st. Finally, Cowen cut Cypress Semiconductor from an “outperform” rating to a “market perform” rating and set a $23.85 target price for the company. in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.81.
In other Cypress Semiconductor news, CEO Hassane El-Khoury sold 25,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $23.45, for a total transaction of $586,250.00. Following the completion of the sale, the chief executive officer now directly owns 364,851 shares of the company’s stock, valued at approximately $8,555,755.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by company insiders.
Cypress Semiconductor stock traded down $0.05 during mid-day trading on Friday, reaching $23.43. 728,873 shares of the company were exchanged, compared to its average volume of 5,328,069. Cypress Semiconductor Co. has a twelve month low of $14.42 and a twelve month high of $23.55. The firm’s 50-day simple moving average is $23.41 and its two-hundred day simple moving average is $23.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 1.37. The firm has a market cap of $8.69 billion, a PE ratio of 234.27 and a beta of 1.89.
Cypress Semiconductor (NASDAQ:CY) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Cypress Semiconductor had a return on equity of 15.83% and a net margin of 1.83%. The company had revenue of $559.57 million for the quarter, compared to analyst estimates of $562.95 million. As a group, equities research analysts anticipate that Cypress Semiconductor Co. will post 0.97 EPS for the current year.
Cypress Semiconductor Profile
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; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, and Bluetooth low energy; 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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