Investors Buy High Volume of Cypress Semiconductor Put Options (CY)

Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock valued at $156,000 after buying an additional 9,609 shares during the last quarter.

Several other hedge funds have also made changes to their positions in ON. IFP Advisors Inc boosted its position in Cypress Semiconductor by 11.6% in the first quarter. The company has its outstanding shares of 320.87 Million. Creative Planning increased its position in shares of Cypress Semiconductor Corporation by 2.0% in the first quarter. Following the transaction, the director now directly owns 69,124 shares of the company’s stock, valued at approximately $968,427.24. IMS Capital Management bought a new position in Cypress Semiconductor during the first quarter worth about $141,000. World Asset Management Inc increased its position in shares of Cypress Semiconductor Corporation by 3.3% in the first quarter. (NASDAQ:CY) opened at 13.59 on Friday. The value of the total investment in Cypress Semiconductor Corporati decreased from $14,000 to $10,000 a change of $4,000 since the last quarter.

United States of America based company, ON Semiconductor Corporation (ON)’s latest closing price was 20.72% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 7.29% and 3.34% compared with the 20 Day Moving Average. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 30.50 and a beta of 1.96. The semiconductor company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. Cypress Semiconductor had a negative return on equity of 9.79% and a negative net margin of 7.64%.

The company’s Average Revenue Estimate for the current quarter is $545.75 Million, while Low and High Revenue Estimates are $544.99 Million and $550 Million respectively.

EPS in next five year years is expected to touch 25.00% while EPS growth in past 5 year was 76.40% along with sales growth of 2.60% in the last five years. On average, equities analysts expect that Cypress Semiconductor Corporation will post $0.71 earnings per share for the current fiscal year. Shareholders of record on Thursday, June 29th will be paid a $0.11 dividend. The ex-dividend date has been established as Tuesday the 28th of March 2017. This dividend represents a yield of $3.13. Commerce Bank’s holdings in ON Semiconductor Corporation were worth $240,000 at the end of the most recent reporting period.

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Cypress Semiconductor Corporation (CY) shares fell and closed the day at $13.59, with the percent change of -4.5%. Finally, Zacks Investment Research raised shares of ON Semiconductor Corp from a “sell” rating to a “hold” rating and set a $18.00 target price on the stock in a research note on Wednesday, February 15th. Stephens reaffirmed an “overweight” rating on shares of Cypress Semiconductor in a report on Tuesday, May 9th. Needham & Company LLC restated a “buy” rating and issued a $14.00 price target on shares of Cypress Semiconductor Corporation in a report on Monday, March 6th. Finally, Barclays PLC lifted their price target on Cypress Semiconductor from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 19th. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.03 average brokerage recommendation. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. The stock was sold at an average price of $14.01, for a total value of $89,453.85. Following the completion of the sale, the vice president now directly owns 270,101 shares of the company’s stock, valued at approximately $4,321,616. The SEC filing shows that BENHAMOU ERIC performed a sale of 50,000 shares. The stock was sold at an average price of $15.30, for a total transaction of $632,869.20. The stock was last seen -4.5% lower, reaching at $13.59 on Jun. 9, 2017.

Oc Kwon, Director disclosed the sale of 1,094 shares of (CY). Over the last 90 days, insiders sold 78,878 shares of company stock worth $1,197,861. Insiders own 6.33% of the company’s stock.