First Mercantile Trust Co buys $761,566 stake in Cypress Semiconductor Corporation (CY)

Cypress Semiconductor Corporation (CY) : First Mercantile Trust Co scooped up 31,804 additional shares in Cypress Semiconductor Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 64,704 shares of Cypress Semiconductor Corporation which is valued at $761,566.Cypress Semiconductor Corporation makes up approximately 0.10% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in CY during the most recent quarter. The investment firm sold 112,209 shares of CY which is valued $1,320,700.Bnp Paribas Arbitrage Sa reduced its stake in CY by selling 74,517 shares or 62.85% in the most recent quarter. The Hedge Fund company now holds 44,050 shares of CY which is valued at $516,707.Independent Portfolio Consultants reduced its stake in CY by selling 10 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 3,985 shares of CY which is valued at $46,744. Cypress Semiconductor Corporation makes up approx 0.01% of Independent Portfolio Consultants’s portfolio.Washington Trust Bank boosted its stake in CY in the latest quarter, The investment management firm added 432 additional shares and now holds a total of 2,332 shares of Cypress Semiconductor Corporation which is valued at $27,354. Cypress Semiconductor Corporation makes up approx 0.01% of Washington Trust Bank’s portfolio.

Cypress Semiconductor Corporation opened for trading at $11.7 and hit $11.79 on the upside on Friday, eventually ending the session at $11.77, with a gain of 0.34% or 0.04 points. The heightened volatility saw the trading volume jump to 47,02,931 shares. Company has a market cap of $3,780 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.

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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