Learn Why Waddell & Reed Financial Inc Purchased Cypress Semiconductor Corp Stake?

February 15, 2018 - By Marry Poplack

 Learn Why Waddell & Reed Financial Inc Purchased Cypress Semiconductor Corp  Stake?

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.42, from 1.5 in 2017Q2. It fall, as 34 investors sold Cypress Semiconductor Corporation shares while 109 reduced holdings. 51 funds opened positions while 104 raised stakes. 313.76 million shares or 0.67% more from 311.68 million shares in 2017Q2 were reported.

Td Asset holds 0.07% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY) for 3.23M shares. Essex Mngmt Ltd Liability Company holds 0.72% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY) for 353,321 shares. Karp holds 0.82% or 117,629 shares in its portfolio. Jacobs Levy Equity holds 0.17% in Cypress Semiconductor Corporation (NASDAQ:CY) or 583,072 shares. Miller Howard Invests New York has invested 1.88% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Advsrs Mgmt Limited Liability invested 1.88% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Capital Research Glob reported 0.01% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). State Street owns 9.37M shares. Da Davidson & Com reported 0% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Rafferty Asset Mngmt Limited Liability Corporation has 232,516 shares for 0.08% of their portfolio. Silvercrest Asset Mgmt Grp Ltd Llc has invested 0.01% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Columbia Partners L L C Investment reported 242,151 shares. Etrade Cap Ltd Liability reported 0.01% stake. Brown Advisory Inc reported 35,937 shares stake. Brinker Cap holds 0.08% or 124,026 shares in its portfolio.

Since October 16, 2017, it had 0 insider purchases, and 3 insider sales for $1.28 million activity. Thad Trent also sold $1.18 million worth of Cypress Semiconductor Corporation (NASDAQ:CY) shares.

The New Waddell & Reed Financial Inc Holding in Cypress Semiconductor Corp

Waddell & Reed Financial Inc reported SC 13G/A form with the SEC for Cypress Semiconductor Corp . Access it here: 000119312518045581. As reported by Waddell & Reed Financial Inc, the filler owns 5.9% or 19,714,391 shares of the Information Technology–company.

Cypress Semiconductor Corp stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Waddell & Reed Financial Inc’s positive view for Cypress Semiconductor Corp . For a institutional investor managing $14.31 billion in assets and having 1500+ experts this is interesting position.

Cypress Semiconductor Corp Institutional Sentiment

Filings show 274 investors own Cypress Semiconductor Corp . The ownership in Q3 2015 is very high, at 96.57 % of the outstanding shares. This is increased by 24327593. 322049052 were owned by these investors. 36 funds opened new Cypress Semiconductor Corp stakes, 131 increased positions. There were 51 that closed positions and 80 reduced them.

3 investors had the stock in their top 10. Some are: Deroy & Devereaux Private Investment Counsel Inc, Advisors Capital Management Llc, 1492 Capital Management Llc, Kennedy Capital Management Inc., Carl Domino Inc..

Pvg Asset Management is an investor bullish on Cypress Semiconductor Corp , owning 569147 shares as of Q3 2015 for less than 0.01% of its portfolio. Bain Capital Brookside Capital Management Llc owns 7876731 shares or 2.00% of its portfolio. NY Soros Fund Management Llc have 2.55% of its portfolio for 19811445 shares. Further, Lamond Capital Partners Llc reported stake worth 7.01% of its portfolio. The MA Three Bays Capital Lp owns 21707203 shares. Cypress Semiconductor Corp is 9.26% of its portfolio.

Business Profile

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The Company’s segments include Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD). MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions. MPD focuses on parallel and serial NOR flash memories, NAND flash memories, static random access memory (SRAM), ferroelectric-random access memory (F-RAM) ferroelectric memory devices and other specialty memories. The Company’s products include Traveo MCUs and Flexible MCUs; PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP; CapSense, and TrueTouch Analog Power Management integrated circuits (PMICs) and energy harvesting solutions.

SEC Form 13G.

Waddell & Reed Financial Inc website.

The stock increased 1.72% or $0.27 during the last trading session, reaching $16.28. About 5.23M shares traded. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 39.45% since February 15, 2017 and is uptrending. It has outperformed by 22.75% the S&P500.

Cypress Semiconductor Corporation designs, develops, makes, markets, and sells embedded system solutions worldwide. The company has market cap of $5.43 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 22 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 15 have Buy rating, 1 Sell and 6 Hold. Therefore 68% are positive. Cypress Semiconductor Corporation has $22.0 highest and $8 lowest target. $17.13’s average target is 5.22% above currents $16.28 stock price. Cypress Semiconductor Corporation had 72 analyst reports since August 31, 2015 according to SRatingsIntel. As per Wednesday, September 9, the company rating was initiated by Sterne Agee CRT. Roth Capital initiated it with “Buy” rating and $13 target in Thursday, September 1 report. Craig Hallum maintained Cypress Semiconductor Corporation (NASDAQ:CY) on Tuesday, November 14 with “Buy” rating. Pacific Crest maintained it with “Overweight” rating and $17 target in Wednesday, March 29 report. The stock has “Buy” rating by Needham on Friday, January 29. As per Friday, July 28, the company rating was maintained by Loop Capital Markets. The firm has “Buy” rating by Bank of America given on Monday, December 19. Mizuho maintained the shares of CY in report on Thursday, January 11 with “Buy” rating. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) has “Buy” rating given on Friday, October 27 by Loop Capital Markets. The rating was upgraded by Barclays Capital to “Overweight” on Wednesday, June 28.

More recent Cypress Semiconductor Corporation (NASDAQ:CY) news were published by: Fool.com which released: “Cypress Semiconductor Corporation Earnings: What You Need to Know” on February 14, 2018. Also Fool.com published the news titled: “Is Cypress Semiconductor Corporation a Buy in 2018?” on February 01, 2018. Fool.com‘s news article titled: “10 Reasons to Buy Cypress Semiconductor Stock Today” with publication date: February 11, 2018 was also an interesting one.

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