Brookstone Capital Management Buys 4,411 Shares of Cypress Semiconductor Co. (CY)

Brookstone Capital Management grew its stake in shares of Cypress Semiconductor Co. (NASDAQ:CY) by 13.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,458 shares of the semiconductor company’s stock after buying an additional 4,411 shares during the quarter. Brookstone Capital Management’s holdings in Cypress Semiconductor were worth $543,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Waddell & Reed Financial Inc. grew its stake in shares of Cypress Semiconductor by 1.7% in the second quarter. Waddell & Reed Financial Inc. now owns 21,459,257 shares of the semiconductor company’s stock worth $334,335,000 after purchasing an additional 364,600 shares during the last quarter. Villere ST Denis J & Co. LLC grew its stake in shares of Cypress Semiconductor by 2.0% in the third quarter. Villere ST Denis J & Co. LLC now owns 4,783,770 shares of the semiconductor company’s stock worth $69,316,000 after purchasing an additional 95,090 shares during the last quarter. Robecosam AG grew its stake in shares of Cypress Semiconductor by 27.7% in the second quarter. Robecosam AG now owns 3,000,000 shares of the semiconductor company’s stock worth $47,310,000 after purchasing an additional 650,000 shares during the last quarter. Northern Trust Corp grew its stake in shares of Cypress Semiconductor by 6.2% in the second quarter. Northern Trust Corp now owns 2,840,723 shares of the semiconductor company’s stock worth $44,258,000 after purchasing an additional 165,345 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Cypress Semiconductor by 8.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,459,194 shares of the semiconductor company’s stock worth $38,315,000 after purchasing an additional 183,130 shares during the last quarter. 82.04% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $15.39, for a total transaction of $46,170.00. Following the completion of the transaction, the executive vice president now directly owns 114,157 shares in the company, valued at $1,756,876.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 9,000 shares of company stock valued at $136,290 over the last 90 days. 0.43% of the stock is currently owned by company insiders.

CY has been the topic of several recent analyst reports. Craig Hallum raised their target price on Cypress Semiconductor from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Needham & Company LLC reissued a “buy” rating and issued a $23.00 target price on shares of Cypress Semiconductor in a research note on Friday, July 27th. Barclays reissued a “hold” rating and issued a $18.00 target price on shares of Cypress Semiconductor in a research note on Sunday, July 29th. TheStreet raised Cypress Semiconductor from a “c+” rating to a “b” rating in a research note on Friday, July 27th. Finally, Zacks Investment Research raised Cypress Semiconductor from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, August 1st. Four research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. Cypress Semiconductor currently has a consensus rating of “Hold” and a consensus target price of $18.46.

Shares of CY opened at $13.22 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 0.46. Cypress Semiconductor Co. has a one year low of $11.75 and a one year high of $18.87. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 1.07 and a beta of 2.09.

Cypress Semiconductor (NASDAQ:CY) last issued its quarterly earnings data on Thursday, October 25th. The semiconductor company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. Cypress Semiconductor had a net margin of 2.08% and a return on equity of 21.26%. The business had revenue of $673.04 million during the quarter, compared to analyst estimates of $669.62 million. Sell-side analysts predict that Cypress Semiconductor Co. will post 1.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Thursday, December 27th will be issued a $0.11 dividend. The ex-dividend date is Wednesday, December 26th. This represents a $0.44 annualized dividend and a yield of 3.33%. Cypress Semiconductor’s dividend payout ratio (DPR) is presently 73.33%.

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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.

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

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