Hanseatic Management Services Inc. Boosts Holdings in ON Semiconductor Corporation (ON)

Cornelia Mascio
Settembre 24, 2017

Wall Street analysts are still seeing some upside to Cypress Semiconductor Corporation (NASDAQ:CY) despite the recent move. Tower Research Capital LLC TRC lifted its stake in shares of ON Semiconductor Corporation by 2,234.7% during the first quarter. The institutional investor held 63,206 shares of the package goods and cosmetics company at the end of 2017Q2, valued at $3.42M, down from 77,113 at the end of the previous reported quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of ON Semiconductor Corporation during the first quarter worth about $110,000. Oppenheimer & Co. Inc. now owns 146,659 shares of the semiconductor company's stock worth $2,002,000 after acquiring an additional 6,302 shares during the period. Israel Discount Bank of NY acquired a new position in shares of ON Semiconductor Corporation during the first quarter worth about $102,000. Phocas Financial Corp. now owns 990,222 shares of the semiconductor company's stock worth $13,517,000 after purchasing an additional 42,607 shares during the period. The correct version of this article can be accessed at https://www.equitiesfocus.com/2017/09/24/cypress-semiconductor-corporation-cy-shares-sold-by-capital-fund-management-s-a.html.

In other Cypress Semiconductor Corporation news, EVP Dana Nazarian sold 250,075 shares of the stock in a transaction on Friday, August 4th.

After a recent check, it is observed that the insiders for the firm now own 0.50% shares. Goldman Sachs downgraded the stock to "Neutral" rating in Wednesday, September 13 report. Craig Hallum upgraded Cypress Semiconductor Corporation (NASDAQ:CY) rating on Tuesday, June 27. Canaccord Genuity upgraded the stock to "Buy" rating in Friday, July 24 report. Needham & Company LLC increased their price target on Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the company a buy rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company.

In related news, Director Camillo Martino bought 10,000 shares of the company's stock in a transaction on Monday, August 21st.

The stock of ON Semiconductor Corporation (NASDAQ:ON) registered an increase of 7.58% in short interest. ON Semiconductor Corporation has a 52-week low of $10.74 and a 52-week high of $17.73. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of 25.98 and a beta of 1.98. The stock has a 50 day moving average price of $16.37 and a 200-day moving average price of $15.37. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. Schwab Charles Inv Management invested 0.02% in Cypress Semiconductor Corporation (NASDAQ:CY). Cypress Semiconductor Corporation's revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS. The company announced a dividend for shareholders that was paid on Thursday the 20th of July 2017. Psagot Invest House Limited invested in 8,800 shares or 0.02% of the stock. The stock declined 0.23% or $0.13 reaching $57.53 per share. The ex-dividend date of this dividend is Wednesday, September 27th. Cypress Semiconductor Corporation's dividend payout ratio is now -110.00%. Paradice Investment Management LLC grew its ownership by buying 225,300 shares an increase of 8.3% as of 06/30/2017. The stock was acquired at an average cost of $12.92 per share, for a total transaction of $129,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The consensus rating is 2.3, suggesting the market has given up on the stock. Director J. Daniel Mccranie acquired 30,000 shares at an average price of $14.37 on Thursday the 14th. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $258,400. The disclosure for this sale can be found here. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and global trademark & copyright laws. If you are reading this article on another website, it was stolen and reposted in violation of global trademark and copyright laws. Its custom application specific integrated circuits (ASICs) use analog, microcontroller Unit (MCU), digital signal processor (DSP), mixed-signal and logic capabilities to act as the brain behind many of its automotive, medical, aerospace/defense, consumer and industrial customers' products. The Business's segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group.

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