Ameriprise Financial Inc. Has $124.80 Million Holdings in Cypress Semiconductor Corporation (CY)

Ameriprise Financial Inc. raised its stake in shares of Cypress Semiconductor Corporation (NASDAQ:CY) by 0.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,145,158 shares of the semiconductor company’s stock after acquiring an additional 3,441 shares during the quarter. Ameriprise Financial Inc. owned approximately 2.75% of Cypress Semiconductor Corporation worth $124,798,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Icon Advisers Inc. Co. increased its stake in shares of Cypress Semiconductor Corporation by 461.3% in the second quarter. Icon Advisers Inc. Co. now owns 108,900 shares of the semiconductor company’s stock valued at $1,486,000 after buying an additional 89,500 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Cypress Semiconductor Corporation by 4.5% in the second quarter. Teachers Advisors LLC now owns 837,402 shares of the semiconductor company’s stock valued at $11,431,000 after buying an additional 36,237 shares in the last quarter. Stephens Inc. AR acquired a new stake in shares of Cypress Semiconductor Corporation in the second quarter valued at $1,030,000. Symphony Asset Management LLC increased its stake in shares of Cypress Semiconductor Corporation by 36.3% in the second quarter. Symphony Asset Management LLC now owns 34,080 shares of the semiconductor company’s stock valued at $465,000 after buying an additional 9,073 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its stake in shares of Cypress Semiconductor Corporation by 68.2% in the second quarter. Riverhead Capital Management LLC now owns 23,205 shares of the semiconductor company’s stock valued at $317,000 after buying an additional 9,405 shares in the last quarter. 97.36% of the stock is owned by institutional investors.

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Shares of Cypress Semiconductor Corporation (CY) opened at 14.41 on Friday. The company has a 50-day moving average price of $13.73 and a 200-day moving average price of $13.76. The firm’s market capitalization is $4.79 billion. Cypress Semiconductor Corporation has a 12 month low of $9.63 and a 12 month high of $15.11.

Cypress Semiconductor Corporation (NASDAQ:CY) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. The firm had revenue of $593.80 million during the quarter, compared to the consensus estimate of $546.82 million. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. Equities analysts forecast that Cypress Semiconductor Corporation will post $0.80 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, September 28th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, September 27th. This represents a $0.44 annualized dividend and a yield of 3.05%. Cypress Semiconductor Corporation’s dividend payout ratio is presently -110.00%.

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, Director J Daniel Mccranie bought 30,000 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was purchased at an average price of $14.37 per share, with a total value of $431,100.00. Following the completion of the transaction, the director now directly owns 55,000 shares of the company’s stock, valued at approximately $790,350. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 60,000 shares of company stock valued at $834,100 and sold 330,075 shares valued at $4,613,658. 0.69% of the stock is currently owned by company insiders.

A number of analysts have recently weighed in on the company. Loop Capital restated a “buy” rating and issued a $17.00 target price on shares of Cypress Semiconductor Corporation in a research note on Tuesday, August 22nd. Barclays PLC upgraded Cypress Semiconductor Corporation from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $14.00 to $18.00 in a research note on Wednesday, June 28th. Needham & Company LLC raised their target price on Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, July 28th. KeyCorp set a $17.00 target price on Cypress Semiconductor Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Finally, TheStreet upgraded Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.09.

About Cypress Semiconductor Corporation

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 Corporation (NASDAQ:CY)

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