Deroy Devereaux Private Investment Counsel Inc buys $19,969,341 stake in Cypress Semiconductor Corporation (CY)

Cypress Semiconductor Corporation (CY) : Deroy Devereaux Private Investment Counsel Inc scooped up 15,587 additional shares in Cypress Semiconductor Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 1,833,732 shares of Cypress Semiconductor Corporation which is valued at $19,969,341.Cypress Semiconductor Corporation makes up approximately 2.58% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in CY in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 20,941 shares of Cypress Semiconductor Corporation which is valued at $228,047. Cypress Semiconductor Corporation makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Grassi Investment Management sold out all of its stake in CY during the most recent quarter. The investment firm sold 10,650 shares of CY which is valued $115,979.Weaver C. Barksdale Associates boosted its stake in CY in the latest quarter, The investment management firm added 33 additional shares and now holds a total of 777 shares of Cypress Semiconductor Corporation which is valued at $8,462. Cypress Semiconductor Corporation makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.Carl Domino Inc reduced its stake in CY by selling 1,215 shares or 0.8% in the most recent quarter. The Hedge Fund company now holds 150,270 shares of CY which is valued at $1,582,343. Cypress Semiconductor Corporation makes up approx 1.45% of Carl Domino Inc’s portfolio. Bnp Paribas Arbitrage Sa added CY to its portfolio by purchasing 118,567 company shares during the most recent quarter which is valued at $1,248,511. Cypress Semiconductor Corporation makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Cypress Semiconductor Corporation closed down -0.24 points or -2.11% at $11.12 with 82,39,884 shares getting traded on Monday. Post opening the session at $11.06, the shares hit an intraday low of $10.82 and an intraday high of $11.18 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. Morgan Stanley Downgraded Cypress Semiconductor Corporation on Jul 18, 2016 to ” Equal-Weight”, Price Target of the shares are set at $11.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 .

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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