Do What Insiders Does: NIKE, Inc. (NKE), Cypress Semiconductor Corporation (CY)

Joanna Estrada
December 5, 2017

Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 38,749,884 shares of the stock are valued at $769.57 million. The recent price momentum makes it one stock to watch in recent days.

Other hedge funds have also added to or reduced their stakes in the company. In current trading day Lumentum Holdings Inc.

Shares of Veritone, Inc.

Lumentum Holdings Inc. (LITE) stock moved with shift of -13.35% in the past week. Quentec Asset Ltd Liability Corporation holds 1.27M shares. FMR LLC lifted its stake in shares of Cypress Semiconductor by 310.3% in the 2nd quarter. Lockheed Martin Investment Management Co. now owns 81,550 shares of the semiconductor company's stock worth $1,263,000 after buying an additional 15,010 shares during the last quarter. BB&T Securities LLC bought a new stake in shares of ON Semiconductor during the 3rd quarter valued at $187,000. Ameriprise Financial Inc. now owns 12,262,029 shares of the semiconductor company's stock valued at $184,179,000 after purchasing an additional 3,116,871 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of ON Semiconductor by 8.7% during the 3rd quarter. Cadence Capital Management LLC now owns 13,366 shares of the semiconductor company's stock worth $171,000 after buying an additional 381 shares during the last quarter.

Want to see what other hedge funds are holding ON?

Several other institutional investors have also bought shares of the company.

Recently, In an analyst report published on 3 October, Cypress Semicon (NASDAQ:CY) shares have had their "Buy" Rating maintained by professional analysts at Roth Capital, who now has a $18.0 price target on firm. Mizuho restated an "outperform" rating and set a $19.00 price objective (up from $18.00) on shares of ON Semiconductor in a research report on Wednesday, August 9th.

Cypress Semiconductor Corporation's ROA is -2.8%, while industry's average is 3.04%. Finally, Craig Hallum reaffirmed a "buy" rating and set a $20.00 price objective on shares of Cypress Semiconductor in a research report on Thursday, August 31st. The company was maintained on Friday, January 29 by Mizuho. Needham downgraded Cypress Semiconductor Corporation (NASDAQ:CY) rating on Friday, October 23. This target by Roth Capital indicates the possibile upside of 20.97 % from the last price.

Amer Century Incorporated has 0.02% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 1.18M shares. Cypress Semiconductor Corporation has a fifty-two week low of $10.71 and a fifty-two week high of $17.42. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.56 average brokerage recommendation. The company was maintained on Friday, October 27 by Loop Capital Markets. With that said, researchers took a deep dive into the hotly debated question: is it too late to buy Cypress Semiconductor Corporation (NASDAQ:CY). The semiconductor company reported $0.27 EPS for the quarter, topping the Zacks' consensus estimate of $0.23 by $0.04. It has a return on equity (ROE) of -7.00%. During the same quarter in the prior year, the firm earned $0.15 EPS. Loomis Sayles And Ltd Partnership owns 804,130 shares for 0.03% of their portfolio. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.98%. The stock was sold at an average price of $15.59, for a total value of $95,099.00. Following the completion of the sale, the chief operating officer now directly owns 666,815 shares of the company's stock, valued at approximately $14,123,141.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

In other news, Director Daryl Ostrander sold 2,000 shares of the stock in a transaction dated Wednesday, September 13th. The disclosure for this purchase can be found here. Further, company shares have been seen trading -1.81% off of the 52 week high and 19.95% away from the 52 week low. It worsened, as 30 investors sold AVB shares while 161 reduced holdings.

ILLEGAL ACTIVITY NOTICE: "Epoch Investment Partners Inc". To cut down amount of noise on price chart, shares of firm has 20 days moving average price of -11.32%.Cypress Semiconductor Corporation, a United States of America based Company, belongs to Technology sector and Semiconductor - Broad Line industry. If you are reading this story on another site, it was illegally stolen and reposted in violation of USA & global trademark and copyright laws.

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions.

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER