(CY) Stake Increased by Municipal Employees Retirement System of MI
- Author: Zachary Reyes Jun 05, 2017,
Jun 05, 2017, 1:31
Kestrel Investment Management Corp decreased its position in Cypress Semiconductor Co. That's a potential 20.17 increase relative to where CY has been trading recently. Wellington Management Group LLP raised its position in shares of Cypress Semiconductor by 32.3% in the first quarter. Nordea Investment Management AB now owns 9,121 shares of the semiconductor company's stock valued at $126,000 after buying an additional 4,600 shares during the last quarter.
World Asset Management Inc raised its position in Cypress Semiconductor Co. Suntrust Banks Inc. now owns 17,497 shares of the semiconductor company's stock valued at $239,000 after buying an additional 6,825 shares in the last quarter. Creative Planning now owns 12,259 shares of the semiconductor company's stock valued at $169,000 after buying an additional 241 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Cypress Semiconductor by 3.2% in the first quarter. Asset Mgmt owns 0.01% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 19,503 shares.
Shares of Magnachip Semiconductor Corp (NYSE:MX) remained flat at $8.60 during midday trading on Thursday.
During last one month it showed the change of -5.26%. The stock's 50 day moving average is $13.66 and its 200-day moving average is $12.68. The firm has "Outperform" rating given on Tuesday, February 2 by RBC Capital Markets.
CY has a 1-year high price of $ 14.98 and 1-year low price of $9.11.
Analysts await ON Semiconductor Corp (NASDAQ:ON) to report earnings on June, 26. After $0.61 actual earnings per share reported by Texas Roadhouse Inc for the previous quarter, Wall Street now forecasts -14.75% negative EPS growth. The firm had revenue of $532 million for the quarter, compared to analysts' expectations of $511.41 million. In contrast to the year ago quarter EPS was at 0.45. Cypress Semiconductor Corporation (CY) earnings have declined with an annualized rate of -34.4% over the last 5 years.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Thursday, June 29th will be issued a $0.11 dividend.
5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Macy's Inc (M) stands at -0.48 while the industry's and the sector's growth for next 5 years ticked at 11.86 and 3.85 respectively. The ex-dividend date of this dividend is Tuesday, June 27th. Ahl Prtnrs Llp invested 0.03% in Cypress Semiconductor Corporation (NASDAQ:CY).
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Several research firms have weighed in on CY. ABR value is precisely based on brokerage recommendations, where out of 13 brokerage recommendations 9 rate ON Semiconductor Corp (NASDAQ:ON) stock a Strong Buy, 1 rate the stocks of the company a Buy, 3 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Loop Capital restated a "buy" rating and set a $16.00 target price on shares of Cypress Semiconductor in a report on Wednesday, March 29th. Finally, Barclays PLC upped their price objective on shares of Cypress Semiconductor from $12.00 to $14.00 and gave the company an "equal weight" rating in a report on Wednesday, April 19th. Zacks Investment Research upgraded Cypress Semiconductor from a "sell" rating to a "buy" rating and set a $15.00 target price for the company in a research note on Tuesday, March 7th. Marathon Capital Management acquired a new position in shares of Cypress Semiconductor during the first quarter worth about $2,545,000. Currently, the stock has a 1 Year Price Target of $16. The average 1-year price target for The Mosaic Company (MOS) reveals an average price target of $25.78 per share. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Springowl Assocs Ltd Liability Com owns 118,400 shares for 0.83% of their portfolio. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products. The Company's segments include Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD).