Cypress Semiconductor Corporation (NASDAQ:CY) Stake Raised by Advisors Capital Management LLC

Xavier Trudeau
Juillet 18, 2017

ON Semiconductor Corporation earned a media sentiment score of 0.12 on Accern's scale. It worsened, as 35 investors sold Cypress Semiconductor Corporation shares while 93 reduced holdings. Nordea Investment Management AB boosted its stake in Cypress Semiconductor Corporation by 101.7% in the first quarter. New York-based Morgan Stanley has invested 0.02% in Cypress Semiconductor Corporation (NASDAQ:CY).

Several other research firms also recently commented on ON. Boston Partners now owns 20,408,521 shares of the semiconductor company's stock valued at $316,128,000 after buying an additional 1,068,570 shares during the last quarter. Lazard Asset Management LLC increased its stake in Cypress Semiconductor Corporation by 402.1% in the first quarter. Following the transaction, the executive vice president now directly owns 334,320 shares in the company, valued at $4,693,852.80. Independence Advisors LLC acquired a new stake in Cypress Semiconductor Corporation during the second quarter worth approximately $506,000. Insiders sold a total of 134,690 shares of company stock worth $2,094,440 in the last quarter. Finally, Foresters Investment Management Company Inc. acquired a new stake in Cypress Semiconductor Corporation during the first quarter worth approximately $140,000. Institutional investors own 96.46% of the company's stock. SunTrust maintained Cypress Semiconductor Corporation (NASDAQ:CY) rating on Monday, March 7. The stock had a trading volume of 4,954,127 shares. The firm has a 50 day moving average of $13.59 and a 200 day moving average of $13.02.

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The firm's market capitalization is $4.71 billion. M&T Savings Bank has 0% invested in Cypress Semiconductor Corporation (NASDAQ:CY). The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.02 by $0.06. The company had revenue of $532 million during the quarter, compared to analyst estimates of $511.41 million. Cypress Semiconductor Corporation had a negative net margin of 30.84% and a positive return on equity of 5.31%. Analysts expect that Cypress Semiconductor Corporation will post $0.72 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Thursday, June 29th will be given a dividend of $0.11 per share. The ex-dividend date is Tuesday, June 27th.

Since March 12, 2017, it had 0 insider buys, and 3 sales for $813,603 activity. Cypress Semiconductor Corporation's dividend payout ratio (DPR) is presently -22.22%.

COPYRIGHT VIOLATION NOTICE: This report was published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this piece on another publication, it was stolen and republished in violation of United States and global copyright law. The legal version of this news story can be accessed at https://www.themarketsdaily.com/2017/07/16/on-semiconductor-corporation-on-lowered-to-hold-at-bidaskclub-updated.html. Raymond James Financial, Inc. initiated coverage on shares of ON Semiconductor Corporation in a research report on Friday, June 16th.

Among 19 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 13 have Buy rating, 1 Sell and 5 Hold. Vetr raised shares of ON Semiconductor Corporation from a "sell" rating to a "strong-buy" rating and set a $16.85 target price for the company in a research note on Tuesday, April 11th.

ON Semiconductor Corporation (NASDAQ ON) traded up 3.4571% during mid-day trading on Wednesday, hitting $14.9599. Zacks Investment Research raised ON Semiconductor Corporation from a "hold" rating to a "buy" rating and set a $16.00 target price for the company in a research note on Tuesday, May 9th.

Kestrel Investment Management Corp holds 3.16% of its portfolio in Cypress Semiconductor Corporation for 740,750 shares. If the $13.44 price target is reached, the company will be worth $285.60 million less. On Monday, March 20 BENHAMOU ERIC sold $709,075 worth of Cypress Semiconductor Corporation (NASDAQ:CY) or 50,000 shares. The shares were sold at an average price of $16.87, for a total transaction of $75,915.00. Following the transaction, the director now directly owns 89,997 shares in the company, valued at $1,197,860.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The stock was sold at an average price of $14.01, for a total transaction of $89,453.85. Following the transaction, the director now owns 69,124 shares in the company, valued at $968,427.24.

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