Advisors Capital Management buys $19,051,549 stake in Cypress Semiconductor Corporation (CY)

Cypress Semiconductor Corporation (CY) : Advisors Capital Management scooped up 49,907 additional shares in Cypress Semiconductor Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,731,959 shares of Cypress Semiconductor Corporation which is valued at $19,051,549.Cypress Semiconductor Corporation makes up approximately 1.86% of Advisors Capital Management’s portfolio.

Other Hedge Funds, Including , Snow Capital Management Lp boosted its stake in CY in the latest quarter, The investment management firm added 1,347,803 additional shares and now holds a total of 4,223,173 shares of Cypress Semiconductor Corporation which is valued at $46,454,903. Cypress Semiconductor Corporation makes up approx 2.05% of Snow Capital Management Lp’s portfolio. Paradigm Capital Management Incny sold out all of its stake in CY during the most recent quarter. The investment firm sold 144,800 shares of CY which is valued $1,669,544.Eaton Vance Management reduced its stake in CY by selling 2,165,789 shares or 51.62% in the most recent quarter. The Hedge Fund company now holds 2,029,885 shares of CY which is valued at $22,166,344. Cypress Semiconductor Corporation makes up approx 0.06% of Eaton Vance Management’s portfolio. Advisory Services Network sold out all of its stake in CY during the most recent quarter. The investment firm sold 1,000 shares of CY which is valued $11,680.

Cypress Semiconductor Corporation opened for trading at $11.4 and hit $11.42 on the upside on Tuesday, eventually ending the session at $11.28, with a gain of 0.45% or 0.05 points. The heightened volatility saw the trading volume jump to 27,06,324 shares. Company has a market cap of $3,623 M.

On the company’s financial health, Cypress Semiconductor Corporation reported $0.12 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.12. The company had revenue of $456.38 million for the quarter, compared to analysts expectations of $455.19 million. The company’s revenue was down -7.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

Investors should note that on Aug 9, 2016, Cypress Semiconductor Corporation announced a cash dividend of $0.1100. The company’s management has announced Sep 27, 2016 as the ex-dividend date and fixed the record date on Sep 29, 2016. The payable date has been fixed on Oct 20, 2016.

Many Wall Street Analysts have commented on Cypress Semiconductor Corporation. Company shares were Reiterated by Craig Hallum on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 14 from a previous price target of $12 .Morgan Stanley Downgraded Cypress Semiconductor Corporation on Jul 18, 2016 to ” Equal-Weight”, Price Target of the shares are set at $11.

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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