Koch Industries Inc. Purchases New Position in Cypress Semiconductor Corporation (CY)

Koch Industries Inc. purchased a new position in shares of Cypress Semiconductor Corporation (NASDAQ:CY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 388,591 shares of the semiconductor company’s stock, valued at approximately $362,000. Koch Industries Inc. owned approximately 0.12% of Cypress Semiconductor Corporation at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ffcm LLC lifted its holdings in shares of Cypress Semiconductor Corporation by 139.2% during the second quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 4,740 shares during the period. IFP Advisors Inc lifted its holdings in shares of Cypress Semiconductor Corporation by 13.3% during the second quarter. IFP Advisors Inc now owns 8,628 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 1,014 shares during the period. ING Groep NV bought a new position in shares of Cypress Semiconductor Corporation during the second quarter valued at $138,000. Thompson Davis & CO. Inc. lifted its holdings in shares of Cypress Semiconductor Corporation by 45.6% during the second quarter. Thompson Davis & CO. Inc. now owns 10,119 shares of the semiconductor company’s stock valued at $138,000 after acquiring an additional 3,169 shares during the period. Finally, Moloney Securities Asset Management LLC bought a new position in shares of Cypress Semiconductor Corporation during the second quarter valued at $147,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

In other news, Director Camillo Martino bought 10,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was purchased at an average cost of $12.92 per share, for a total transaction of $129,200.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $258,400. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Dana Nazarian sold 250,075 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 302,657 shares of the company’s stock, valued at $4,267,463.70. The disclosure for this sale can be found here. Insiders purchased 60,000 shares of company stock worth $834,100 over the last ninety days. 0.69% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: “Koch Industries Inc. Purchases New Position in Cypress Semiconductor Corporation (CY)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://ledgergazette.com/2017/10/17/koch-industries-inc-purchases-new-position-in-cypress-semiconductor-corporation-cy.html.

A number of research analysts have issued reports on the company. SunTrust Banks, Inc. reissued a “buy” rating and set a $19.00 price objective on shares of Cypress Semiconductor Corporation in a report on Thursday, October 12th. BidaskClub raised Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Loop Capital reissued a “buy” rating and set a $17.00 price objective on shares of Cypress Semiconductor Corporation in a report on Tuesday, August 22nd. KeyCorp reissued an “overweight” rating on shares of Cypress Semiconductor Corporation in a report on Thursday, September 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of Cypress Semiconductor Corporation in a report on Monday, October 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.09.

Cypress Semiconductor Corporation (CY) traded down 0.346% on Tuesday, hitting $15.825. The company had a trading volume of 451,109 shares. The firm has a 50-day moving average price of $14.54 and a 200-day moving average price of $13.94. The firm’s market capitalization is $5.26 billion. Cypress Semiconductor Corporation has a 12-month low of $9.63 and a 12-month high of $16.11.

Cypress Semiconductor Corporation (NASDAQ:CY) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $593.80 million for the quarter, compared to analyst estimates of $546.82 million. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. Cypress Semiconductor Corporation’s revenue 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. On average, equities research analysts anticipate that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Thursday, September 28th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, September 27th. Cypress Semiconductor Corporation’s dividend payout ra

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ffcm LLC lifted its holdings in shares of Cypress Semiconductor Corporation by 139.2% during the second quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 4,740 shares during the period. IFP Advisors Inc lifted its holdings in shares of Cypress Semiconductor Corporation by 13.3% during the second quarter. IFP Advisors Inc now owns 8,628 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 1,014 shares during the period. ING Groep NV bought a new position in shares of Cypress Semiconductor Corporation during the second quarter valued at $138,000. Thompson Davis & CO. Inc. lifted its holdings in shares of Cypress Semiconductor Corporation by 45.6% during the second quarter. Thompson Davis & CO. Inc. now owns 10,119 shares of the semiconductor company’s stock valued at $138,000 after acquiring an additional 3,169 shares during the period. Finally, Moloney Securities Asset Management LLC bought a new position in shares of Cypress Semiconductor Corporation during the second quarter valued at $147,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

In other news, Director Camillo Martino bought 10,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was purchased at an average cost of $12.92 per share, for a total transaction of $129,200.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $258,400. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Dana Nazarian sold 250,075 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 302,657 shares of the company’s stock, valued at $4,267,463.70. The disclosure for this sale can be found here. Insiders purchased 60,000 shares of company stock worth $834,100 over the last ninety days. 0.69% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: “Koch Industries Inc. Purchases New Position in Cypress Semiconductor Corporation (CY)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://ledgergazette.com/2017/10/17/koch-industries-inc-purchases-new-position-in-cypress-semiconductor-corporation-cy.html.

A number of research analysts have issued reports on the company. SunTrust Banks, Inc. reissued a “buy” rating and set a $19.00 price objective on shares of Cypress Semiconductor Corporation in a report on Thursday, October 12th. BidaskClub raised Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Loop Capital reissued a “buy” rating and set a $17.00 price objective on shares of Cypress Semiconductor Corporation in a report on Tuesday, August 22nd. KeyCorp reissued an “overweight” rating on shares of Cypress Semiconductor Corporation in a report on Thursday, September 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of Cypress Semiconductor Corporation in a report on Monday, October 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.09.

Cypress Semiconductor Corporation (CY) traded down 0.346% on Tuesday, hitting $15.825. The company had a trading volume of 451,109 shares. The firm has a 50-day moving average price of $14.54 and a 200-day moving average price of $13.94. The firm’s market capitalization is $5.26 billion. Cypress Semiconductor Corporation has a 12-month low of $9.63 and a 12-month high of $16.11.

Cypress Semiconductor Corporation (NASDAQ:CY) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $593.80 million for the quarter, compared to analyst estimates of $546.82 million. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. Cypress Semiconductor Corporation’s revenue 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. On average, equities research analysts anticipate that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Thursday, September 28th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, September 27th. Cypress Semiconductor Corporation’s dividend payout ratio (DPR) is presently -110.00%.

Cypress Semiconductor Corporation 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.

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

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