Mason Street Advisors LLC Has $4.52 Million Position in Cypress Semiconductor Co. (NASDAQ:CY)

Mason Street Advisors LLC cut its stake in Cypress Semiconductor Co. (NASDAQ:CY) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,677 shares of the semiconductor company’s stock after selling 1,373 shares during the quarter. Mason Street Advisors LLC owned approximately 0.05% of Cypress Semiconductor worth $4,520,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Liberty Wealth Management LLC acquired a new stake in Cypress Semiconductor during the third quarter worth about $41,000. Point72 Hong Kong Ltd raised its holdings in Cypress Semiconductor by 73.8% in the second quarter. Point72 Hong Kong Ltd now owns 2,293 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 974 shares in the last quarter. Quest Capital Management Inc. ADV bought a new position in Cypress Semiconductor in the third quarter worth $62,000. Wealthcare Capital Management LLC bought a new position in Cypress Semiconductor in the second quarter worth $111,000. Finally, Redhawk Wealth Advisors Inc. bought a new position in Cypress Semiconductor in the second quarter worth $175,000. 79.83% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on the company. BidaskClub downgraded Cypress Semiconductor from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. ValuEngine downgraded Cypress Semiconductor from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded Cypress Semiconductor from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, July 30th. Finally, Mizuho restated a “hold” rating and set a $23.85 price target on shares of Cypress Semiconductor in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.61.

Shares of Cypress Semiconductor stock traded up $0.04 during trading on Wednesday, hitting $23.41. 48,304 shares of the company’s stock traded hands, compared to its average volume of 5,767,630. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.71 and a quick ratio of 1.22. Cypress Semiconductor Co. has a 1 year low of $11.86 and a 1 year high of $23.50. The stock has a market capitalization of $8.64 billion, a P/E ratio of 20.19 and a beta of 1.82. The business has a 50-day simple moving average of $23.36 and a 200-day simple moving average of $21.62.

Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings data on Thursday, October 24th. The semiconductor company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. Cypress Semiconductor had a return on equity of 17.34% and a net margin of 12.74%. The company had revenue of $574.52 million for the quarter, compared to analysts’ expectations of $570.66 million. During the same period last year, the firm posted $0.40 earnings per share. Cypress Semiconductor’s revenue was down 14.6% compared to the same quarter last year. On average, equities analysts predict that Cypress Semiconductor Co. will post 0.83 earnings per share for the current fiscal year.

In other Cypress Semiconductor news, CFO Trent Thad sold 50,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $23.27, for a total value of $1,163,500.00. Following the transaction, the chief financial officer now directly owns 276,620 shares of the company’s stock, valued at $6,436,947.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sudhir Gopalswamy sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $22.93, for a total value of $68,790.00. Following the completion of the transaction, the executive vice president now directly owns 161,604 shares in the company, valued at $3,705,579.72. The disclosure for this sale can be found here. Insiders have sold 192,003 shares of company stock worth $4,480,460 over the last ninety days. 0.55% of the stock is currently owned by insiders.

Cypress Semiconductor Company Profile

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; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, and Bluetooth low energy; 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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