Economy

Cypress Semiconductor Corporation (CY) Insider bought 10000 Shares

In recent action, Cypress Semiconductor Corporation (CY) has made a move of -0.66% over the past month, which has come on weak relative transaction volume. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company's stock valued at $156,000 after buying an additional 9,609 shares during the period.

It also reduced its holding in China Mobile Limited (NYSE:CHL) by 76,152 shares in the quarter, leaving it with 695,100 shares, and cut its stake in Baidu Inc (NASDAQ:BIDU). Commerzbank Aktiengesellschaft FI bought a new stake in Cypress Semiconductor Corporation during the second quarter worth $6,731,000.

Granite Point Capital Management Lp, which manages about $125.44 million US Long portfolio, upped its stake in Adamas Pharmaceuticals Inc (NASDAQ:ADMS) by 31,700 shares to 256,031 shares, valued at $4.33 million in 2016Q4, according to the filing. The fund owned 7,050,788 shares of the semiconductor company's stock after purchasing an additional 948,452 shares during the period. ProShare Advisors LLC grew its stake in ON Semiconductor Corporation by 1.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Cypress Semiconductor Corporation by 0.7% during the first quarter.

CY has been the topic of several research reports.

ON Semiconductor Corporation (ON) opened at 16.75 on Friday. Barclays PLC upgraded shares of Cypress Semiconductor Corporation from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $14.00 to $18.00 in a research note on Wednesday, June 28th. The SI to Cypress Semiconductor Corporation's float is 10.1%. Currently, the stock has a 1 Year Price Target of $17.55. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. Cypress Semiconductor Corporation presently has an average rating of "Buy" and a consensus price target of $12.59.

TRADEMARK VIOLATION WARNING: "Schroder Investment Management Group Buys 948,452 Shares of ON Semiconductor Corporation (ON)" was first published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & worldwide copyright and trademark laws. Bank of America Corporation assumed coverage on Cypress Semiconductor Corporation in a report on Monday, December 19th.

Cypress Semiconductor Corporation (NASDAQ:CY) last released its earnings results on Thursday, February 2nd. The stock's 52-week range is $9.63 to $15.11, and its 3-month range is $12.50 to $15.11. The firm has a market cap of $6.99 billion, a P/E ratio of 24.42 and a beta of 1.98. The stock is trading $13.88 its 50-day moving average by 0.24%. Thrivent Financial For Lutherans stated it has 0% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY).

Cypress Semiconductor Corporation (NASDAQ:CY)'s earnings per share has been growing at a -34.4 percent rate over the past 5 year when average revenue increase was noted as 14.1 percent. Nordea Ab has 0% invested in Cypress Semiconductor Corporation (NASDAQ:CY). The company's revenue was up.0% on a year-over-year basis. Cypress Semiconductor Corporation has $21 highest and $8 lowest target. Investors of record on Thursday, September 28th will be issued a dividend of $0.11 per share. The dividend was $0.110 per share for the quarter or $0.44 annualized. RBC Capital Markets maintained the stock with "Sector Perform" rating in Tuesday, October 27 report. Paloma Ptnrs Mngmt Communication has 0.01% invested in Cypress Semiconductor Corporation (NASDAQ:CY). Robert W. Baird reiterated a "buy" rating and set a $20.00 price target on shares of ON Semiconductor Corporation in a research note on Thursday, August 24th. The total number of shares traded in the last 90-day period is 355,575. The transaction related to this sale was declared in a document with the Security and Exchange Commission, which can be accessed through the Security and Exchange Commission website. On Wednesday, August 19 the stock rating was maintained by Pritchard Capital with "Sell". The shares were sold at an average price of $11.54, for a total transaction of $165,725.94. Next Financial Group, Inc now owns 1,517 shares worth $21,000,000. The disclosure for this sale can be found here. The company's previous year sales total was 530100.

Cypress Semiconductor Corporation delivers solutions from automotive, industrial and networking platforms to interactive consumer and mobile devices. The Company's divisions include Microcontroller and Connectivity Division, and Memory Products Division (MPD). MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions.



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