The New Three Bays Capital Lp Holding in Cypress Semiconductor Corp
Three Bays Capital Lp filed with the SEC SC 13D/A form for Cypress Semiconductor Corp . The form can be accessed here: 000101143816000562. As reported in Three Bays Capital Lp’s form, the filler as of late owns 6% or 19,331,262 shares of the Information Technology–company.
Cypress Semiconductor Corp stake is a new one for the for this institutional investor and it was filed because of activity on Not Applicable. We feel this shows Three Bays Capital Lp’s positive view for the stock. For a institutional investor managing $1.36 billion in assets and having 14+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.
Cypress Semiconductor Corp Institutional Sentiment
Latest Security and Exchange filings show 274 investors own Cypress Semiconductor Corp . The institutional ownership in Q3 2015 is very high, at 100.39% of the outstanding shares. This is increased by 24327593 the total institutional shares. 322049052 were the shares owned by these institutional investors. In total 36 funds opened new Cypress Semiconductor Corp stakes, 131 increased stakes. There were 51 that closed positions and 80 reduced them.
3 managers had the stock in their top Ten. Notable investors are: Deroy & Devereaux Private Investment Counsel Inc, Three Bays Capital Lp, Kestrel Investment Management Corp, Advisors Capital Management Llc, Deprince Race & Zollo Inc..
Pvg Asset Management is an institutional 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 their stock portfolio for 19811445 shares. Further, Lamond Capital Partners Llc reported stake worth 7.01% of its US stock portfolio. The MA Three Bays Capital Lp owns 21707203 shares. Cypress Semiconductor Corp is 9.26% of the manager’s US portfolio.
Cypress Semiconductor Corporation delivers solutions from automotive, industrial and networking platforms to interactive consumer and mobile devices. The Company’s segments include Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division. The Programmable Solutions Division designs and develops solutions for end-product manufacturers. The Memory Products Division designs and manufactures portfolio of high-performance memories for embedded systems. The Data Communications Division focuses on solutions for industrial, handset and consumer applications. The Emerging Technologies Division consists of its subsidiaries, AgigA Tech, Inc. and Deca Technologies, Inc. Its product portfolio includes NOR flash memories, Traveo microcontrollers, programmable system-on-chip solutions, CapSense capacitive touch-sensing controllers, and Wireless Bluetooth Low-Energy and universal serial bus (USB) connectivity solutions.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Three Bays Capital Lp website.
Insitutional Activity: The institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.27, from 0.98 in 2016Q1. The ratio increased, as 35 funds sold all Cypress Semiconductor Corporation shares owned while 81 reduced positions. 55 funds bought stakes while 90 increased positions. They now own 313.10 million shares or 2.21% more from 306.32 million shares in 2016Q1.
Parametric Port Ltd Limited Liability Company holds 815,198 shares or 0.01% of its portfolio. Bnp Paribas Arbitrage Sa last reported 118,567 shares in the company. Walleye Trading Ltd Liability owns 570,520 shares or 0.04% of their US portfolio. Gemmer Asset Management Limited Liability Company has 895 shares for 0% of their US portfolio. Texas Permanent School Fund has 238,379 shares for 0.03% of their US portfolio. Blackrock has invested 0% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Lpl Ltd Company last reported 0.02% of its portfolio in the stock. Pub Employees Retirement Association Of Colorado holds 0.01% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY) for 74,562 shares. Vantage Invest Advsr Lc holds 4,800 shares or 0.02% of its portfolio. Hourglass Cap Ltd Limited Liability Company has invested 1.7% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). New Jersey Better Educational Savings accumulated 0.5% or 70,000 shares. Rhumbline Advisers has invested 0.01% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Advsrs Capital Management Ltd Limited Liability Company holds 1.87% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY) for 1.73M shares. Bank Of Montreal Can, a Ontario – Canada-based fund reported 1.16 million shares. The New Jersey-based Blackrock Mngmt Lc has invested 0.01% in Cypress Semiconductor Corporation (NASDAQ:CY).
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 8 sales for $1.73 million net activity. BINGHAM H RAYMOND sold $149,814 worth of Cypress Semiconductor Corporation (NASDAQ:CY) on Tuesday, November 1. $591,485 worth of shares were sold by BENHAMOU ERIC on Monday, September 19. 11,390 shares were sold by Thad Trent, worth $134,764 on Monday, October 10.
About 5.33M shares traded hands. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 30.57% since April 12, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.
Cypress Semiconductor Corporation delivers solutions from automotive, industrial and networking platforms to interactive consumer and mobile devices. The company has a market cap of $3.57 billion. The Company’s divisions include Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division. It currently has negative earnings. The Programmable Solutions Division creates and develops solutions for end-product manufacturers.
Cypress Semiconductor Corporation (NASDAQ:CY) Ratings Coverage
Out of 14 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 7 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 50% are positive. $21 is the highest target while $8 is the lowest. The $11.36 average target is 5.48% above today’s ($10.77) stock price. Cypress Semiconductor Corporation has been the topic of 32 analyst reports since August 31, 2015 according to StockzIntelligence Inc. On Thursday, January 14 the stock rating was initiated by Suntrust Robinson with “Neutral”. The rating was downgraded by Morgan Stanley on Monday, July 18 to “Equal-Weight”. Mizuho maintained the shares of CY in a report on Friday, January 29 with “Buy” rating. The firm has “Buy” rating given on Friday, October 23 by Mizuho. SunTrust maintained it with “Neutral” rating and $9 target price in Monday, March 7 report. As per Tuesday, October 18, the company rating was downgraded by Barclays Capital. Craig Hallum maintained it with “Buy” rating and $14 target price in Friday, July 29 report. Topeka Capital Markets maintained it with “Buy” rating and $11 target price in Friday, October 23 report. The company was maintained on Friday, October 9 by Topeka Capital Markets. As per Friday, January 29, the company rating was downgraded by Sterne Agee CRT.
More news for Cypress Semiconductor Corporation (NASDAQ:CY) were recently published by: Fool.com, which released: “Why Cypress Semiconductor Corp. Fell 18% in October” on November 10, 2016. Fool.com‘s article titled: “Cypress Semiconductor Keeps Going Strong” and published on October 30, 2016 is yet another important article.
According to Zacks Investment Research, “Cypress Semiconductor Corporation designs, develops, manufactures and markets a broad line of high-performance digital and mixed-signal integrated circuits for a range of markets, including data communications, telecommunications, computers, and instrumentation systems. The company sells the products to a wide range of customers, including Lucent Technologies Inc., Motorola, Inc., Nortel Networks Corporation, Seagate Technology, Inc., Compaq Computer Corporation, 3Com Corporation, IBM, Cisco Systems, Inc. and Sony Corporation.”
CY Company Profile
Cypress Semiconductor Corporation, incorporated on September 26, 1986, delivers solutions from automotive, industrial and networking platforms to interactive consumer and mobile devices. The Firm operates through four divisions: Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division. The Company’s product portfolio includes NOR flash memories, Static random access memory (SRAM) and ferroelectric-RAMs (F-RAM), Traveo microcontrollers, the industry’s programmable system-on-chip (PSoC) solutions, analog and Power Management integrated circuits (PMICs), CapSense capacitive touch-sensing controllers, and Wireless Bluetooth Low-Energy (BLE) and universal serial bus (USB) connectivity solutions. It serves various markets, including automotive, industrial, communications, consumer, computation, data communications, mobile handsets and military.
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