Kestrel Investment Management Corp Lowers stake in Cypress Semiconductor Corporation (CY)

Cypress Semiconductor Corporation (CY) : Kestrel Investment Management Corp reduced its stake in Cypress Semiconductor Corporation by 9.57% during the most recent quarter end. The investment management company now holds a total of 827,950 shares of Cypress Semiconductor Corporation which is valued at $9,107,450 after selling 87,600 shares in Cypress Semiconductor Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Cypress Semiconductor Corporation makes up approximately 3.49% of Kestrel Investment Management Corp’s portfolio.

Other Hedge Funds, Including , Oppenheimerfunds reduced its stake in CY by selling 52,454 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 2,686,105 shares of CY which is valued at $29,547,155. Cypress Semiconductor Corporation makes up approx 0.04% of Oppenheimerfunds’s portfolio.Teacher Retirement System Of Texas boosted its stake in CY in the latest quarter, The investment management firm added 5,652 additional shares and now holds a total of 46,446 shares of Cypress Semiconductor Corporation which is valued at $535,522.Oppenheimer Co Inc reduced its stake in CY by selling 13,862 shares or 27.87% in the most recent quarter. The Hedge Fund company now holds 35,880 shares of CY which is valued at $391,810. Cypress Semiconductor Corporation makes up approx 0.01% of Oppenheimer Co Inc’s portfolio. Financial Management Professionals added CY to its portfolio by purchasing 470 company shares during the most recent quarter which is valued at $5,429.Sonora Investment Management reduced its stake in CY by selling 1,000 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 21,500 shares of CY which is valued at $239,080. Cypress Semiconductor Corporation makes up approx 0.13% of Sonora Investment Management’s portfolio.

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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