The KCG Holdings Inc. Buys 83,580 Shares of Cypress Semiconductor Corp. (CY)

The KCG Holdings Inc. Buys 83,580 Shares of Cypress Semiconductor Corp. (CY)

KCG Holdings Inc. raised its stake in shares of Cypress Semiconductor Corp. (NASDAQ:CY) by 219.8% during the third quarter, Holdings Channel reports. The fund owned 121,598 shares of the company’s stock after buying an additional 83,580 shares during the period. KCG Holdings Inc.’s holdings in Cypress Semiconductor Corp. were worth $1,479,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CY. Lombard Odier Asset Management USA Corp purchased a new stake in shares of Cypress Semiconductor Corp. during the second quarter worth $106,000. Private Advisor Group LLC purchased a new stake in shares of Cypress Semiconductor Corp. during the second quarter worth $112,000. Passport Capital LLC purchased a new stake in shares of Cypress Semiconductor Corp. during the second quarter worth $114,000. First Allied Advisory Services Inc. purchased a new stake in shares of Cypress Semiconductor Corp. during the second quarter worth $124,000. Finally, Bellwether Investment Group LLC purchased a new stake in shares of Cypress Semiconductor Corp. during the second quarter worth $141,000. Institutional investors own 91.20% of the company’s stock.

Shares of Cypress Semiconductor Corp. (NASDAQ:CY) traded down 1.76% during trading on Thursday, reaching $11.18. The company’s stock had a trading volume of 3,884,593 shares. The company’s market capitalization is $3.61 billion. The firm’s 50-day moving average price is $11.35 and its 200-day moving average price is $11.22. Cypress Semiconductor Corp. has a one year low of $6.30 and a one year high of $12.48.

Cypress Semiconductor Corp. (NASDAQ:CY) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. The business earned $530.10 million during the quarter, compared to analysts’ expectations of $525.62 million. Cypress Semiconductor Corp. had a negative net margin of 37.50% and a positive return on equity of 3.21%. During the same quarter last year, the company posted $0.17 earnings per share. On average, equities analysts anticipate that Cypress Semiconductor Corp. will post $0.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 19th. Shareholders of record on Thursday, December 29th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, December 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.94%. Cypress Semiconductor Corp.’s dividend payout ratio is currently -20.28%.

A number of research analysts have recently issued reports on the company. Loop Capital assumed coverage on Cypress Semiconductor Corp. in a research note on Monday, December 5th. They issued a “buy” rating and a $14.00 price objective on the stock. Barclays PLC downgraded Cypress Semiconductor Corp. from an “overweight” rating to an “equal weight” rating and set a $11.00 price objective on the stock. in a research note on Tuesday, October 18th. They noted that the move was a valuation call. Needham & Company LLC reissued a “buy” rating and issued a $14.00 price objective on shares of Cypress Semiconductor Corp. in a research note on Friday, January 6th. Mizuho reissued a “buy” rating and issued a $15.00 price objective on shares of Cypress Semiconductor Corp. in a research note on Wednesday, January 11th. Finally, Zacks Investment Research raised Cypress Semiconductor Corp. from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Tuesday, November 1st. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $11.93.

In other news, Director Eric Benhamou sold 50,000 shares of the stock in a transaction on Monday, December 19th. The shares were sold at an average price of $11.21, for a total value of $560,500.00. Following the sale, the director now owns 168,538 shares in the company, valued at $1,889,310.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider H Raymond Bingham sold 14,361 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $11.54, for a total transaction of $165,725.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,361 shares of company stock valued at $893,926. Corporate insiders own 6.33% of the company’s stock.

Cypress Semiconductor Corp. Company Profile

Cypress Semiconductor Corporation delivers solutions from automotive, industrial and networking platforms to interactive consumer and mobile devices. The Company’s segments include Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division.

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