Shares are trading at $15.83 a tad above $14.89, the 50 day moving average and which is impressively higher than the 200 day moving average of $14.03. The 50 day moving average was up by +6.33% and the 200 day average was up $1.80. Trading was light with 2,703K shares changing hands in the last trading session. Shares saw a steep decrease in trading volume of 63.05% under the normal average daily volume.
Investors are feeling more bullish on shares of the company lately if you look at the decrease in short interest. The company experienced a fall in short interest between September 15, 2017 and September 29, 2017 of -2.34%. Short shares fell from 32,142,382 to 31,391,372 over that timeframe. Days to cover decreased from 6.0 to 6.0 and the percentage of shorted shares was 0.10% on September 29.
Cypress Semiconductor Corporati (NASDAQ:CY) has been the object of insider buying and selling activity recently. Oc Kwon, Director disclosed the sale of 14,972 shares of (CY). The shares were purchased at an average price of $0.00. Kwon now owns $0 of the stock according to the SEC filing. Director J. Daniel Mccranie acquired 30,000 shares at an average price of $14.37 on September 14th. Mccranie now owns $790,350 of stock as reported to the SEC.
Catherine P. Lego, Director disclosed the purchase of 20,000 shares. The shares were bought on September 6th for an average price of $13.69. The Director now owns $557,183 of the stock per the Form 4 SEC filing.
Here are a few substantial investment firms who have updated their positions. Howe & Rusling Inc reduced its investment by selling 897 shares a decrease of 57.6% as of 09/30/2017. Howe & Rusling Inc currently owns 660 shares worth $10,000. The total value of its holdings decreased 52.4%. As of the end of the quarter State Treasurer State Of Michigan had sold a total of 10,800 shares trimming its stake by 8.0%. The value of the total investment in Cypress Semiconductor Corporati increased from $1,854,000 to $1,878,000 a change of $24,000 for the reporting period.
Alpha Windward LLC bolstered its stake by buying 1,320 shares an increase of 3.6% from 06/30/2017 to 09/30/2017. Alpha Windward LLC now controls 38,268 shares valued at $575,000. The value of the position overall is up by 14.1%. Advisors Capital Management, LLC downsized its position by selling 74,758 shares a decrease of 4.6%. Advisors Capital Management, LLC now holds 1,542,177 shares with a value of $23,164,000. The total value of its holdings increased 5.0%.
The company is so far trading up since yesterday’s close of 15.7. Additionally Cypress Semiconductor Corporati recently announced a dividend for shareholders paid on Thursday the 20th of July 2017. The dividend payment was $0.110 per share for the quarter or $0.44 annualized. The dividend yield was $2.82. The ex-dividend date was set for Wednesday the 27th of September 2017.
In the latest earnings report the EPS was $-0.41 and is estimated to be $0.80 for the current year with 332,488,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.24 and the next full year EPS is anticipated to be $1.12.
Cypress Semiconductor Corporation, launched on September 26, 1986, manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The Business’s segments include Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD). Its programmable systems-on-chip, general-purpose microcontrollers, analog integrated circuits (ICs), wireless and Universal Serial Bus (USB)-C based connectivity solutions and memories help engineers design differentiated products..