Cypress Semiconductor (CY) Share Price Rose While Hourglass Capital Lowered Holding; Servicesource Intl Inccom (SREV) Holder Regis Management Co Lowered Position as Share Price Rose

May 20, 2018 - By Clifton Ray

Cypress Semiconductor Corporation (NASDAQ:CY) Logo

Hourglass Capital Llc decreased its stake in Cypress Semiconductor Corp (CY) by 38.79% based on its latest 2017Q4 regulatory filing with the SEC. Hourglass Capital Llc sold 174,650 shares as the company’s stock rose 12.02% while stock markets declined. The hedge fund held 275,560 shares of the semiconductors company at the end of 2017Q4, valued at $4.20 million, down from 450,210 at the end of the previous reported quarter. Hourglass Capital Llc who had been investing in Cypress Semiconductor Corp for a number of months, seems to be less bullish one the $5.72 billion market cap company. The stock decreased 2.03% or $0.33 during the last trading session, reaching $15.96. About 5.06M shares traded. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 15.57% since May 20, 2017 and is uptrending. It has outperformed by 4.02% the S&P500.

Regis Management Co Llc decreased its stake in Servicesource Intl Inccom (SREV) by 40.67% based on its latest 2017Q4 regulatory filing with the SEC. Regis Management Co Llc sold 450,000 shares as the company’s stock rose 15.09% while stock markets declined. The institutional investor held 656,440 shares of the miscellaneous company at the end of 2017Q4, valued at $2.03M, down from 1.11 million at the end of the previous reported quarter. Regis Management Co Llc who had been investing in Servicesource Intl Inccom for a number of months, seems to be less bullish one the $368.43M market cap company. The stock increased 1.25% or $0.05 during the last trading session, reaching $4.05. About 687,371 shares traded or 60.09% up from the average. ServiceSource International, Inc. (NASDAQ:SREV) has declined 1.08% since May 20, 2017 and is downtrending. It has underperformed by 12.63% the S&P500.

Analysts await Cypress Semiconductor Corporation (NASDAQ:CY) to report earnings on July, 26. They expect $0.25 earnings per share, up 92.31% or $0.12 from last year’s $0.13 per share. CY’s profit will be $89.63M for 15.96 P/E if the $0.25 EPS becomes a reality. After $0.23 actual earnings per share reported by Cypress Semiconductor Corporation for the previous quarter, Wall Street now forecasts 8.70% EPS growth.

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 had 76 analyst reports since August 31, 2015 according to SRatingsIntel. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) has “Buy” rating given on Monday, January 29 by Piper Jaffray. The rating was initiated by Roth Capital on Thursday, September 1 with “Buy”. The firm has “Buy” rating by Roth Capital given on Tuesday, October 3. Craig Hallum maintained the stock with “Buy” rating in Tuesday, August 29 report. The company was initiated on Monday, December 19 by Bank of America. The firm earned “Buy” rating on Tuesday, December 6 by Loop Capital. Barclays Capital downgraded it to “Equal Weight” rating and $11 target in Tuesday, October 18 report. Mizuho maintained Cypress Semiconductor Corporation (NASDAQ:CY) rating on Thursday, February 1. Mizuho has “Buy” rating and $21.0 target. Needham maintained the shares of CY in report on Friday, October 9 with “Strong Buy” rating. Loop Capital initiated Cypress Semiconductor Corporation (NASDAQ:CY) on Friday, December 16 with “Buy” rating.

Investors sentiment increased to 1.49 in Q4 2017. Its up 0.41, from 1.08 in 2017Q3. It is positive, as 27 investors sold CY shares while 98 reduced holdings. 71 funds opened positions while 115 raised stakes. 290.88 million shares or 7.29% less from 313.76 million shares in 2017Q3 were reported. Stratos Wealth Ptnrs Ltd invested 0.01% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Waddell Reed has 19.71M shares for 0.67% of their portfolio. 10,724 were reported by Wolverine Asset Mgmt Ltd Liability Company. Oakbrook Invs Ltd accumulated 14,490 shares or 0.01% of the stock. Jane Street Grp Ltd Liability Corporation holds 0.01% or 128,138 shares in its portfolio. Ameritas Inv holds 0.07% or 99,628 shares. Employees Retirement Of Ohio invested 0.03% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Janney Montgomery Scott Lc reported 0.01% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Us Bancshares De accumulated 46,461 shares. First Manhattan has invested 0% in Cypress Semiconductor Corporation (NASDAQ:CY). 26,104 were accumulated by Jefferies Grp. Retirement Sys Of Alabama has invested 0.06% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). X Management Com Llc invested in 0.08% or 229,774 shares. Karp Capital Mngmt reported 0.78% stake. Whittier Trust Of Nevada reported 266 shares.

Hourglass Capital Llc, which manages about $861.92M and $440.11M US Long portfolio, upped its stake in Ensco Plc (NYSE:ESV) by 440,000 shares to 720,500 shares, valued at $4.26M in 2017Q4, according to the filing. It also increased its holding in Scorpio Bulkers Inc by 113,000 shares in the quarter, for a total of 1.07M shares, and has risen its stake in General Electric Co (NYSE:GE).

Since December 18, 2017, it had 1 buy, and 9 insider sales for $1.48 million activity. Shares for $363,358 were sold by GEHA SAM on Monday, March 5. Another trade for 3,000 shares valued at $48,738 was sold by GOPALSWAMY SUDHIR.

More important recent Cypress Semiconductor Corporation (NASDAQ:CY) news were published by: Seekingalpha.com which released: “Cypress Semiconductor (CY) Q1 2018 Results – Earnings Call Transcript” on April 27, 2018, also Investorplace.com published article titled: “3 “Internet of Things” Stocks to Buy Right Now”, Fool.com published: “Cypress Semiconductor Is Back in the Black Again” on May 16, 2018. More interesting news about Cypress Semiconductor Corporation (NASDAQ:CY) was released by: Seekingalpha.com and their article: “Cypress 3.0 Is Working Very Well” with publication date: April 24, 2018.

More recent ServiceSource International, Inc. (NASDAQ:SREV) news were published by: Streetinsider.com which released: “ServiceSource (SREV) COO to Leave” on May 03, 2018. Also Seekingalpha.com published the news titled: “ServiceSource International’s (SREV) CEO Chris Carrington on Q1 2018 Results – Earnings Call Transcript” on May 05, 2018. Seekingalpha.com‘s news article titled: “ServiceSource: Avoid” with publication date: April 24, 2018 was also an interesting one.

Investors sentiment decreased to 1.12 in Q4 2017. Its down 0.73, from 1.85 in 2017Q3. It is negative, as 7 investors sold SREV shares while 26 reduced holdings. 10 funds opened positions while 27 raised stakes. 56.58 million shares or 4.80% less from 59.43 million shares in 2017Q3 were reported. Teacher Retirement System Of Texas has 24,547 shares. Blackrock stated it has 4.68M shares or 0% of all its holdings. Barclays Pcl invested in 13,165 shares. Ny State Common Retirement Fund stated it has 73,800 shares or 0% of all its holdings. Moreover, Wells Fargo Mn has 0% invested in ServiceSource International, Inc. (NASDAQ:SREV) for 40,618 shares. Schwab Charles Investment Mgmt holds 0% or 325,970 shares. Royal Retail Bank Of Canada holds 335 shares. Pinnacle Finance Prtn holds 18,000 shares. Jpmorgan Chase invested in 35,257 shares or 0% of the stock. American Intll Grp invested in 0% or 51,947 shares. Great West Life Assurance Can reported 1,200 shares. Invesco reported 43,275 shares. State Street accumulated 1.20M shares or 0% of the stock. Rhumbline Advisers holds 0% or 69,040 shares. State Board Of Administration Of Florida Retirement Systems holds 0% of its portfolio in ServiceSource International, Inc. (NASDAQ:SREV) for 51,215 shares.

Regis Management Co Llc, which manages about $1.22B and $689.46M US Long portfolio, upped its stake in Ishares California Muni Bond E (CMF) by 24,402 shares to 32,604 shares, valued at $1.93 million in 2017Q4, according to the filing. It also increased its holding in Ishares 20 Pls Year Treasury B (TLT) by 4,274 shares in the quarter, for a total of 165,691 shares, and has risen its stake in Vanguard Ftse Emerging Mkts Et (VWO).

Among 4 analysts covering ServiceSource International (NASDAQ:SREV), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. ServiceSource International had 7 analyst reports since August 24, 2016 according to SRatingsIntel. The rating was downgraded by Northland Capital to “Market Perform” on Wednesday, February 22. The firm has “Buy” rating given on Tuesday, March 27 by FBR Capital. The rating was maintained by Northland Capital with “Hold” on Thursday, October 5. The rating was maintained by JMP Securities on Wednesday, August 24 with “Market Outperform”. Northland Capital maintained ServiceSource International, Inc. (NASDAQ:SREV) rating on Thursday, November 9. Northland Capital has “Hold” rating and $4.0 target. Northland Capital maintained the shares of SREV in report on Friday, July 28 with “Hold” rating.

Analysts await ServiceSource International, Inc. (NASDAQ:SREV) to report earnings on August, 6. They expect $-0.01 earnings per share, down 150.00% or $0.03 from last year’s $0.02 per share. After $-0.04 actual earnings per share reported by ServiceSource International, Inc. for the previous quarter, Wall Street now forecasts -75.00% EPS growth.

Cypress Semiconductor Corporation (NASDAQ:CY) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>