Cypress Semiconductor Corporation (NASDAQ:CY)’s Trend Unknown, Especially After Increased Shorts

April 20, 2018 - By Stephen Andrade

Cypress Semiconductor Corporation (NASDAQ:CY) Logo

Investors sentiment increased to 1.49 in 2017 Q4. Its up 0.41, from 1.08 in 2017Q3. It is positive, as 27 investors sold Cypress Semiconductor Corporation shares while 98 reduced holdings. 71 funds opened positions while 115 raised stakes. 290.88 million shares or 7.29% less from 313.76 million shares in 2017Q3 were reported.
Moreover, State Of Wisconsin Inv Board has 0.02% invested in Cypress Semiconductor Corporation (NASDAQ:CY). Northern Tru stated it has 0.01% in Cypress Semiconductor Corporation (NASDAQ:CY). Hourglass Capital Ltd holds 275,560 shares or 0.95% of its portfolio. 42,981 were reported by Putnam Fl Investment Mgmt Commerce. Summit Securities Grp Inc Ltd Liability reported 24,700 shares or 0.04% of all its holdings. Numeric Investors Lc owns 21,900 shares. Epoch Prns Incorporated stated it has 0.36% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Palisade Cap Mgmt Lc Nj holds 0.07% or 131,980 shares. Verition Fund Management Ltd accumulated 20,825 shares. Cambridge Inv Research Advsrs Inc holds 0.01% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY) for 75,939 shares. Icon Advisers owns 194,400 shares for 0.2% of their portfolio. 671,100 were reported by Clough Partners Limited Partnership. Reilly Financial Advisors Limited Liability owns 440 shares. Millrace Asset Gru Inc invested 1.27% in Cypress Semiconductor Corporation (NASDAQ:CY). Raymond James And has invested 0% in Cypress Semiconductor Corporation (NASDAQ:CY).

Since December 18, 2017, it had 0 insider buys, and 7 sales for $1.52 million activity. GOPALSWAMY SUDHIR had sold 3,000 shares worth $51,232. El-Khoury Hassane sold $774,052 worth of stock or 43,991 shares.

The stock of Cypress Semiconductor Corporation (NASDAQ:CY) registered an increase of 2.36% in short interest. CY’s total short interest was 23.11 million shares in April as published by FINRA. Its up 2.36% from 22.58M shares, reported previously. With 7.32M shares average volume, it will take short sellers 3 days to cover their CY’s short positions. The short interest to Cypress Semiconductor Corporation’s float is 7.22%.

The stock decreased 1.21% or $0.2 during the last trading session, reaching $16.33. About 2.74 million shares traded. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 15.57% since April 20, 2017 and is uptrending. It has outperformed by 4.02% the S&P500.

Cypress Semiconductor Corporation designs, develops, makes, markets, and sells embedded system solutions worldwide. The company has market cap of $5.85 billion. It operates in two divisions, Microcontroller and Connectivity Division and Memory Products Division. It currently has negative earnings. The Microcontroller and Connectivity Division provides microcontroller , analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreen and fingerprint reader products; USB controllers comprising solutions for the USB-C and USB power delivery standards; and Wi-Fi, Bluetooth, Bluetooth low energy and ZigBee radios, and WICED development platforms for the Internet of things (IoT).

Cypress Semiconductor Corporation (NASDAQ:CY) Ratings Coverage

Among 14 analysts covering Cypress Semicon (NASDAQ:CY), 10 have Buy rating, 1 Sell and 3 Hold. Therefore 71% are positive. Cypress Semicon had 19 analyst reports since October 27, 2017 according to SRatingsIntel. As per Friday, December 1, the company rating was downgraded by SunTrust. The rating was maintained by Mizuho with “Buy” on Thursday, January 11. The company was maintained on Friday, October 27 by Needham. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) has “Buy” rating given on Tuesday, December 5 by Craig Hallum. Piper Jaffray maintained Cypress Semiconductor Corporation (NASDAQ:CY) on Monday, January 29 with “Buy” rating. The firm has “Buy” rating by Mizuho given on Thursday, October 26. SunTrust maintained the stock with “Hold” rating in Friday, February 2 report. The firm has “Buy” rating given on Thursday, October 26 by Bank of America. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) has “Underweight” rating given on Wednesday, December 13 by Morgan Stanley. The firm has “Equal-Weight” rating given on Tuesday, October 31 by Barclays Capital.

Cypress Semiconductor Corporation (NASDAQ:CY) Institutional Positions Chart

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