Cypress Semiconductor Co. (CY) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. decreased its holdings in Cypress Semiconductor Co. (NASDAQ:CY) by 30.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,220,081 shares of the semiconductor company’s stock after selling 1,810,160 shares during the period. Epoch Investment Partners Inc. owned approximately 1.17% of Cypress Semiconductor worth $61,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OppenheimerFunds Inc. boosted its holdings in shares of Cypress Semiconductor by 9.4% during the second quarter. OppenheimerFunds Inc. now owns 41,352 shares of the semiconductor company’s stock valued at $644,000 after acquiring an additional 3,560 shares during the period. Trillium Asset Management LLC grew its stake in shares of Cypress Semiconductor by 2.8% in the 3rd quarter. Trillium Asset Management LLC now owns 136,440 shares of the semiconductor company’s stock valued at $1,977,000 after buying an additional 3,697 shares in the last quarter. MetLife Investment Advisors LLC lifted its holdings in Cypress Semiconductor by 1.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 225,312 shares of the semiconductor company’s stock worth $3,510,000 after purchasing an additional 3,780 shares during the last quarter. Xact Kapitalforvaltning AB lifted its holdings in Cypress Semiconductor by 8.7% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 48,903 shares of the semiconductor company’s stock worth $709,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Meadow Creek Investment Management LLC lifted its holdings in Cypress Semiconductor by 19.0% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 25,328 shares of the semiconductor company’s stock worth $395,000 after purchasing an additional 4,048 shares during the last quarter. Institutional investors own 83.47% of the company’s stock.

CY opened at $13.37 on Friday. The stock has a market capitalization of $4.97 billion, a PE ratio of 22.28, a P/E/G ratio of 1.09 and a beta of 2.11. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 0.46. Cypress Semiconductor Co. has a 12 month low of $11.75 and a 12 month high of $18.87.

Cypress Semiconductor (NASDAQ:CY) last posted its quarterly earnings data on Thursday, October 25th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. Cypress Semiconductor had a return on equity of 21.26% and a net margin of 2.08%. The business had revenue of $673.04 million for the quarter, compared to analysts’ expectations of $669.62 million. On average, analysts predict that Cypress Semiconductor Co. will post 1.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 17th. Stockholders of record on Thursday, December 27th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Wednesday, December 26th. Cypress Semiconductor’s payout ratio is 73.33%.

In other Cypress Semiconductor news, Director Camillo Martino bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The shares were purchased at an average cost of $12.80 per share, for a total transaction of $64,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Hassane El-Khoury sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $13.88, for a total transaction of $694,000.00. Following the sale, the chief executive officer now owns 321,539 shares in the company, valued at $4,462,961.32. The disclosure for this sale can be found here. Insiders sold a total of 59,000 shares of company stock valued at $824,170 in the last ninety days. 0.43% of the stock is currently owned by insiders.

CY has been the topic of a number of analyst reports. Zacks Investment Research cut Cypress Semiconductor from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, September 26th. BidaskClub cut Cypress Semiconductor from a “hold” rating to a “sell” rating in a report on Friday, September 14th. Cowen decreased their price target on Cypress Semiconductor from $21.00 to $18.00 and set an “outperform” rating on the stock in a report on Tuesday, October 23rd. ValuEngine upgraded Cypress Semiconductor from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 17th. Finally, Morgan Stanley cut their target price on Cypress Semiconductor from $15.00 to $13.00 and set an “underweight” rating on the stock in a research note on Monday, September 24th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.35.

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About Cypress Semiconductor

Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. It operates in two segments, Microcontroller and Connectivity Division, and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip and general-purpose MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, Bluetooth low energy, and ZigBee solutions; WICED development platform; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions.

Further Reading: Market Capitalization in the Stock Market

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

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