Why Waddell & Reed Financial Inc Reported Cypress Semiconductor Corp Position?

February 15, 2018 - By Winifred Garcia

 Why Waddell & Reed Financial Inc Reported Cypress Semiconductor Corp  Position?

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.42, from 1.5 in 2017Q2. It dived, 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.

Maplelane Ltd Liability invested in 1 shares. Deprince Race & Zollo stated it has 0.43% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Moreover, Da Davidson & has 0% invested in Cypress Semiconductor Corporation (NASDAQ:CY). Washington Trust Bancorp holds 3,800 shares or 0.01% of its portfolio. Clough Cap Partners Lp stated it has 1.70M shares. Geode Capital Lc has invested 0.02% in Cypress Semiconductor Corporation (NASDAQ:CY). Enterprise Service Corporation invested in 0% or 397 shares. Thompson Davis & Com has invested 0.03% in Cypress Semiconductor Corporation (NASDAQ:CY). Guggenheim Ltd Liability holds 0.01% in Cypress Semiconductor Corporation (NASDAQ:CY) or 260,593 shares. Engineers Gate Manager Lp reported 0.12% stake. Moreover, Ameritas Inv Prtnrs has 0.06% invested in Cypress Semiconductor Corporation (NASDAQ:CY). 1.89 million were accumulated by Schwab Charles Investment Mgmt. 10,250 are held by Barclays Pcl. Panagora Asset Management holds 0% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY) for 17,524 shares. Miller Howard Investments Inc has 1.88% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 6.07 million shares.

Since October 16, 2017, it had 0 insider purchases, and 3 selling transactions for $1.28 million activity. GOPALSWAMY SUDHIR sold $51,232 worth of Cypress Semiconductor Corporation (NASDAQ:CY) on Tuesday, January 16.

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. The rating was maintained by Craig Hallum with “Buy” on Tuesday, November 14. The stock has “Buy” rating by Craig Hallum on Wednesday, February 24. The firm has “Buy” rating given on Tuesday, June 27 by Craig Hallum. Mizuho maintained it with “Buy” rating and $1600 target in Thursday, June 22 report. The firm earned “Buy” rating on Thursday, October 26 by Mizuho. The company was maintained on Friday, June 23 by Loop Capital Markets. KeyBanc Capital Markets maintained Cypress Semiconductor Corporation (NASDAQ:CY) on Friday, October 6 with “Buy” rating. Bank of America initiated Cypress Semiconductor Corporation (NASDAQ:CY) on Monday, December 19 with “Buy” rating. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) has “Outperform” rating given on Tuesday, December 15 by Oppenheimer. The rating was upgraded by Barclays Capital on Tuesday, July 18 to “Buy”.

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

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