Economy

Cypress Semiconductor Corporati (NASDAQ:CY) Traded 5.6% Above Its 50 Day Average

Shares saw a steep decrease in trading volume of 97.27% under the normal average daily volume. Short interest grew from 29,801,888 to 30,745,446 over that timeframe. Hedge funds and other institutional investors own 96.98% of the company's stock. KeyCorp reissued an "overweight" rating and set a $17.00 price target on shares of Cypress Semiconductor Corporation in a research report on Wednesday, July 12th. BlackRock Inc. now owns 27,617,252 shares of the semiconductor company's stock valued at $380,014,000 after buying an additional 27,408,148 shares during the last quarter. Miller Howard Investments Inc. ClariVest Asset Management LLC raised its position in shares of Cypress Semiconductor Corporation by 101.7% during the 1st quarter. Gwm Advisors LLC augmented its investment by buying 45,827 shares an increase of 155.4% in the quarter. Ffcm LLC boosted its position in shares of Cypress Semiconductor Corporation by 139.2% during the 2nd quarter. Malaga Cove Capital, LLC controls 599,678 shares with a value of $8,446,000. Ironbridge Capital Management Lp now controls 1,075,177 shares valued at $14,794,000. Trading volume was down 98.17% under the stocks average daily volume. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Trading volume for ON Semiconductor Corporation was 92K on Thursday. The shares were sold at an average price of $14.07, for a total transaction of $422,100.00. Following the completion of the sale, the executive vice president now directly owns 302,657 shares in the company, valued at approximately $4,267,463.70. The disclosure for this purchase can be found here. Insiders have purchased 60,000 shares of company stock worth $834,100 in the last ninety days.

Following a recent market scan, we have spotted the +Directional Indicator is above the -Directional Indicator on shares of Cypress Semiconductor Corp (CY). If you are viewing this report on another domain, it was illegally copied and republished in violation of US & worldwide trademark & copyright law. As of quarter end Baird Financial Group, Inc. had sold 28,558 shares trimming its stake by 4.9%.

Cypress Semiconductor Corporation (NASDAQ:CY) last released its earnings results on Thursday, July 27th. Craig Hallum reissued a "buy" rating and set a $20.00 price target on shares of Cypress Semiconductor Corporation in a research report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock.

August 8 investment analysts at B. Riley kept the stock rating at "Buy" but raised the price target to $21.00 from $13.00. They presently have a $13.00 price objective on the semiconductor company's stock. Finally, Independence Advisors LLC acquired a new position in shares of Cypress Semiconductor Corporation during the 2nd quarter worth about $506,000.

The stock is trading at $17.38 which is marginally over the 50 day moving average which is $16.37 and which is well above the 200 day moving average of $15.37.

The consensus analysts recommendation at this point stands at 2.30 on Cypress Semiconductor Corporation (NASDAQ:CY). The company announced a dividend for shareholders that was paid on Thursday the 20th of July 2017. Analysts expect next quarter's EPS will be $0.24 and the next full year EPS is projected to be $1.13. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. The semiconductor company reported $0.21 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.05. Cypress Semiconductor Corporation's quarterly revenue was up 11.6% compared to the same quarter a year ago.

Based on the latest information, investors are looking at Cypress Semiconductor Corporation (NASDAQ:CY)'s short data and trying to figure out market sentiment on which way the market thinks the stock is moving. This represents a $0.44 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Wednesday, September 27th.

The 14-day ADX for Cypress Semiconductor Corp (CY) is now at 17.46.

Cypress Semiconductor Corporation, launched on September 26, 1986, manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The Business's segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group.



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