Deprince Race Zollo Inc buys $67,688,830 stake in Cypress Semiconductor Corporation (CY)

Cypress Semiconductor Corporation (CY) : Deprince Race Zollo Inc scooped up 3,630,980 additional shares in Cypress Semiconductor Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 7,262,750 shares of Cypress Semiconductor Corporation which is valued at $67,688,830.Cypress Semiconductor Corporation makes up approximately 1.33% of Deprince Race Zollo Inc’s portfolio.

Cypress Semiconductor Corporation closed down -0.03 points or -0.32% at $9.32 with 40,12,908 shares getting traded on Friday. Post opening the session at $9.32, the shares hit an intraday low of $9.19 and an intraday high of $9.36 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Checchi Capital Advisers added CY to its portfolio by purchasing 3,727 company shares during the most recent quarter which is valued at $34,736. Cypress Semiconductor Corporation makes up approx 0.01% of Checchi Capital Advisers’s portfolio. Sii Investments Incwi added CY to its portfolio by purchasing 37,090 company shares during the most recent quarter which is valued at $334,923. Cypress Semiconductor Corporation makes up approx 0.03% of Sii Investments Incwi’s portfolio. Sawtooth Asset Management sold out all of its stake in CY during the most recent quarter. The investment firm sold 54,372 shares of CY which is valued $490,979.

On the company’s financial health, Cypress Semiconductor Corporation reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.06. The company had revenue of $425.20 million for the quarter, compared to analysts expectations of $425.18 million. The company’s revenue was down -6.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.45 EPS.

Many Wall Street Analysts have commented on Cypress Semiconductor Corporation. Company shares were Reiterated by Craig Hallum on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 12 from a previous price target of $10 .Craig Hallum Initiated Cypress Semiconductor Corporation on Feb 24, 2016 to “Buy”, Price Target of the shares are set at $10.

Cypress Semiconductor Corporation is a provider of mixed-signal programmable solutions. The Company’s offerings include PSoC 1 PSoC 3 PSoC 4 and PSoC 5LP programmable system-on-chip families. It caters to markets including industrial mobile handsets consumer computation data communications automotive and military. The Company operates in four segments: Programmable Systems Division Memory Products Division Data Communications Division and Emerging Technologies Division. The Programmable Solutions Division designs and develops solutions for end-product manufacturers. The Memory Products Division designs and manufactures SRAM products and non-volatile RAMs (random access memories). The Data Communications Division focuses on solutions for industrial handset and consumer applications. The Emerging Technologies Division consists of the Company’s subsidiaries AgigA Tech Inc. and Deca Technologies Inc.

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