Penbrook Management LLC bought a new stake in Cypress Semiconductor Co. (NASDAQ:CY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,050 shares of the semiconductor company’s stock, valued at approximately $184,000.
Other hedge funds have also recently made changes to their positions in the company. San Francisco Sentry Investment Group CA boosted its stake in shares of Cypress Semiconductor by 1,061.4% in the third quarter. San Francisco Sentry Investment Group CA now owns 6,655 shares of the semiconductor company’s stock valued at $100,000 after purchasing an additional 6,082 shares during the period. Thompson Davis & CO. Inc. boosted its stake in shares of Cypress Semiconductor by 750.0% in the fourth quarter. Thompson Davis & CO. Inc. now owns 8,500 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 7,500 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of Cypress Semiconductor in the fourth quarter valued at $145,000. Wolverine Asset Management LLC boosted its stake in shares of Cypress Semiconductor by 61.3% in the fourth quarter. Wolverine Asset Management LLC now owns 10,724 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 4,075 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Cypress Semiconductor in the fourth quarter valued at $178,000. Institutional investors and hedge funds own 85.72% of the company’s stock.
Cypress Semiconductor Co. (CY) opened at $17.74 on Friday. Cypress Semiconductor Co. has a 52 week low of $12.50 and a 52 week high of $18.87. The company has a current ratio of 1.22, a quick ratio of 0.82 and a debt-to-equity ratio of 0.53. The company has a market cap of $6,474.98, a price-to-earnings ratio of -63.10, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.44 dividend on an annualized basis and a yield of 2.48%. Cypress Semiconductor’s dividend payout ratio (DPR) is -157.14%.
In other news, SVP Sudhir Gopalswamy sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $17.08, for a total value of $51,240.00. Following the transaction, the senior vice president now directly owns 65,445 shares in the company, valued at approximately $1,117,800.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sam Geha sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $18.49, for a total transaction of $184,900.00. Following the completion of the transaction, the executive vice president now owns 64,447 shares in the company, valued at $1,191,625.03. The disclosure for this sale can be found here. Insiders have sold a total of 83,643 shares of company stock worth $1,478,110 over the last quarter. 0.69% of the stock is currently owned by insiders.
Several research analysts have recently weighed in on the stock. Craig Hallum upped their target price on shares of Cypress Semiconductor from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Susquehanna Bancshares assumed coverage on shares of Cypress Semiconductor in a research note on Wednesday, December 13th. They issued a “positive” rating and a $20.00 target price for the company. SunTrust Banks restated a “hold” rating and issued a $19.00 target price on shares of Cypress Semiconductor in a research note on Friday, February 2nd. Needham & Company LLC restated a “buy” rating on shares of Cypress Semiconductor in a research note on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of Cypress Semiconductor from a “strong sell” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Cypress Semiconductor has an average rating of “Buy” and a consensus target price of $19.04.
Cypress Semiconductor Company Profile
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.
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