Espalier Global Management adds Cypress Semiconductor Corporation (CY) to its portfolio

Cypress Semiconductor Corporation (CY) : Espalier Global Management added new position in Cypress Semiconductor Corporation during the most recent quarter end. The investment management firm now holds 237,867 shares of Cypress Semiconductor Corporation which is valued at $2,616,537 , the company said in a statement filed on Aug 12, 2016 with the SEC.Cypress Semiconductor Corporation makes up approximately 7.40% of Espalier Global Management’s portfolio.

Other Hedge Funds, Including , Kennedy Capital Management boosted its stake in CY in the latest quarter, The investment management firm added 5,015 additional shares and now holds a total of 1,319,202 shares of Cypress Semiconductor Corporation which is valued at $14,511,222. Cypress Semiconductor Corporation makes up approx 0.28% of Kennedy Capital Management’s portfolio.Assetmark Inc boosted its stake in CY in the latest quarter, The investment management firm added 1,945 additional shares and now holds a total of 2,736 shares of Cypress Semiconductor Corporation which is valued at $29,877.State Board Of Administration Of Florida Retirement System boosted its stake in CY in the latest quarter, The investment management firm added 52,899 additional shares and now holds a total of 326,289 shares of Cypress Semiconductor Corporation which is valued at $3,768,638. Cypress Semiconductor Corporation makes up approx 0.01% of State Board Of Administration Of Florida Retirement System’s portfolio.Checchi Capital Advisers boosted its stake in CY in the latest quarter, The investment management firm added 1,132 additional shares and now holds a total of 4,859 shares of Cypress Semiconductor Corporation which is valued at $54,907. Cypress Semiconductor Corporation makes up approx 0.01% of Checchi Capital Advisers’s portfolio.

Cypress Semiconductor Corporation closed down -0.03 points or -0.27% at $11.13 with 21,82,872 shares getting traded on Monday. Post opening the session at $11.15, the shares hit an intraday low of $11.09 and an intraday high of $11.24 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 $0.12 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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