Corning (Put) (GLW) Valuation Declined While Dumont & Blake Investment Advisors Has Lowered Its Stake; Oppenheimer & Company Trimmed Its Cypress Semiconductor (CY) Holding by $365,120

Cypress Semiconductor Corporation (NASDAQ:CY) Logo

Oppenheimer & Company Inc decreased its stake in Cypress Semiconductor Corp (CY) by 10.9% based on its latest 2018Q3 regulatory filing with the SEC. Oppenheimer & Company Inc sold 26,080 shares as the company’s stock declined 17.03% with the market. The institutional investor held 213,290 shares of the semiconductors company at the end of 2018Q3, valued at $3.09M, down from 239,370 at the end of the previous reported quarter. Oppenheimer & Company Inc who had been investing in Cypress Semiconductor Corp for a number of months, seems to be less bullish one the $4.97 billion market cap company. The stock decreased 1.29% or $0.18 during the last trading session, reaching $13.73. About 914,114 shares traded. Cypress Semiconductor Corporation (NASDAQ:CY) has declined 14.75% since January 29, 2018 and is downtrending. It has underperformed by 14.75% the S&P500. Some Historical CY News: 26/04/2018 – Cypress Semi 1Q EPS 2c; 02/05/2018 – Cypress to Address 46th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 15; 30/05/2018 – Cypress Unveils the World’s Most Advanced Flash Memory Solutions for Developers of Safety-Critical Applications in Automotive and Industrial; 21/04/2018 – DJ Cypress Semiconductor Corporation, Inst Holders, 1Q 2018 (CY); 26/04/2018 – CYPRESS SEMI 1Q ADJ EPS 27C, EST. 24C; 07/05/2018 – Detailed Research: Economic Perspectives on CASI Pharmaceuticals, Energy Transfer Partners, Cypress Semiconductor, Xcel Energy,; 03/05/2018 – Cypress Semi Presenting at JPMorgan Conference May 15; 12/04/2018 – Cypress Semi Closes Above 50-Day Moving Average: Technicals; 15/03/2018 – Cypress Delivers Robust Wireless Connectivity to Raspberry Pi 3 Model B+ IoT Single Board Computer; 15/05/2018 – Waddell & Reed Financial Inc. Exits Position in Cypress Semi

Dumont & Blake Investment Advisors Llc decreased its stake in Corning Inc (Put) (GLW) by 93.57% based on its latest 2018Q3 regulatory filing with the SEC. Dumont & Blake Investment Advisors Llc sold 36,369 shares as the company’s stock declined 6.51% with the market. The institutional investor held 2,500 shares of the telecommunications equipment company at the end of 2018Q3, valued at $88,000, down from 38,869 at the end of the previous reported quarter. Dumont & Blake Investment Advisors Llc who had been investing in Corning Inc (Put) for a number of months, seems to be less bullish one the $27.13B market cap company. The stock increased 11.63% or $3.53 during the last trading session, reaching $33.89. About 6.79 million shares traded or 21.70% up from the average. Corning Incorporated (NYSE:GLW) has risen 0.09% since January 29, 2018 and is uptrending. It has outperformed by 0.09% the S&P500. Some Historical GLW News: 24/04/2018 – CORNING INC – COMPANY EXPECTS YEAR-OVER-YEAR SALES GROWTH FOR SPECIALTY MATERIALS IN 2018; 24/04/2018 – Corning sees smartphone glass sales decline seeping into current quarter; 21/05/2018 – Corning Showcases Industry-leading Advanced Glass Solutions at SID’s Display Week 2018; 13/04/2018 – Panduit Corp. vs Corning | FWD Entered | 04/13/2018; 24/04/2018 – CORNING – FOR 2018, OPTICAL COMMUNICATIONS SALES EXPECTED TO INCREASE BY ABOUT 10%, EXCLUDING CONTRIBUTION FROM PENDING ACQUISITION OF A 3M DIVISION; 20/04/2018 – Arkansas DoH: ADH Warns of Possible Hepatitis A Exposure to Customers of Corning, Ark., Flash Market/Subway; 25/05/2018 – CORNING INC FILES PRELIMINARY PROSPECTUS SUPPLEMENT RELATED TO A POTENTIAL TWO-PART YEN DENOMINATED NOTES OFFERING – SEC FILING; 24/04/2018 – Corning 1Q Adj EPS 31c; 09/05/2018 – Corning Opens World’s Largest LCD Glass Substrate Facility in China; 10/05/2018 – Artemis Adds Annaly, Exits Corning, Cuts Equifax: 13F

Among 20 analysts covering Corning Incorporated (NYSE:GLW), 7 have Buy rating, 1 Sell and 12 Hold. Therefore 35% are positive. Corning Incorporated had 55 analyst reports since July 30, 2015 according to SRatingsIntel. Barclays Capital maintained Corning Incorporated (NYSE:GLW) on Tuesday, September 29 with “Overweight” rating. The company was maintained on Wednesday, October 26 by Deutsche Bank. Sterne Agee CRT initiated Corning Incorporated (NYSE:GLW) on Tuesday, September 29 with “Neutral” rating. Citigroup maintained the shares of GLW in report on Friday, March 9 with “Neutral” rating. The firm has “Neutral” rating given on Tuesday, January 24 by Bank of America. Morgan Stanley upgraded Corning Incorporated (NYSE:GLW) on Thursday, May 31 to “Overweight” rating. The company was maintained on Tuesday, December 12 by Guggenheim. The firm has “Sell” rating by Drexel Hamilton given on Friday, June 10. The rating was maintained by Stifel Nicolaus on Thursday, April 13 with “Hold”. The firm has “Overweight” rating by Morgan Stanley given on Thursday, July 26.

More news for Corning Incorporated (NYSE:GLW) were recently published by: , which released: “Earnings Scheduled For January 29, 2019 – Benzinga” on January 29, 2019. Streetinsider.com‘s article titled: “Pre-Open Stock Movers 01/29: (SANM) (DDD) (WWD) Higher; (GME) (HOG) (RMBS) Lower (more…) – StreetInsider.com” and published on January 29, 2019 is yet another important article.

Investors sentiment increased to 0.82 in Q3 2018. Its up 0.12, from 0.7 in 2018Q2. It increased, as 34 investors sold GLW shares while 312 reduced holdings. 105 funds opened positions while 177 raised stakes. 536.85 million shares or 3.23% less from 554.76 million shares in 2018Q2 were reported. Sterling Capital Mngmt Ltd Liability reported 6,250 shares stake. Old Dominion Capital Inc holds 24,604 shares or 0.26% of its portfolio. Decatur Cap Inc, Georgia-based fund reported 244,023 shares. Principal Gru holds 1.21 million shares. First Allied Advisory Serv holds 15,822 shares or 0.04% of its portfolio. Systematic Mngmt Ltd Partnership reported 199,130 shares. Bryn Mawr Trust stated it has 579,804 shares or 1.08% of all its holdings. Girard Prtnrs Ltd accumulated 2,247 shares. Mraz Amerine Assocs Inc has 0.16% invested in Corning Incorporated (NYSE:GLW). 1,045 were reported by Gemmer Asset Mngmt Ltd Liability Corp. Interocean Capital Ltd Liability Corp reported 0.08% in Corning Incorporated (NYSE:GLW). Amer Grp Inc has 366,206 shares for 0.04% of their portfolio. Patten reported 0.52% in Corning Incorporated (NYSE:GLW). First Merchants Corp accumulated 73,800 shares. First Manhattan stated it has 0% of its portfolio in Corning Incorporated (NYSE:GLW).

Dumont & Blake Investment Advisors Llc, which manages about $295.66 million and $256.44M US Long portfolio, upped its stake in Spdr S&P 500 Etf Trust (SPY) by 60,296 shares to 60,396 shares, valued at $17.56 million in 2018Q3, according to the filing. It also increased its holding in Invesco S&P 500 Equal Weight E by 3,127 shares in the quarter, for a total of 74,135 shares, and has risen its stake in Ishares S&P Midcap 400/Barra V (IJJ).

Since August 27, 2018, it had 0 insider purchases, and 9 selling transactions for $4.21 million activity. $1.11 million worth of Corning Incorporated (NYSE:GLW) was sold by McRae Lawrence D. Shares for $395,851 were sold by STEVERSON LEWIS A. RIEMAN DEBORAH had sold 4,430 shares worth $143,071 on Friday, November 16. Morse David L sold $969,665 worth of stock. 18,225 shares valued at $609,626 were sold by Musser Eric S on Monday, August 27.

Analysts await Cypress Semiconductor Corporation (NASDAQ:CY) to report earnings on February, 7. They expect $0.27 EPS, up 22.73% or $0.05 from last year’s $0.22 per share. CY’s profit will be $97.73 million for 12.71 P/E if the $0.27 EPS becomes a reality. After $0.35 actual EPS reported by Cypress Semiconductor Corporation for the previous quarter, Wall Street now forecasts -22.86% negative EPS growth.

Among 23 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 15 have Buy rating, 1 Sell and 7 Hold. Therefore 65% are positive. Cypress Semiconductor Corporation had 81 analyst reports since August 31, 2015 according to SRatingsIntel. The firm earned “Equal Weight” rating on Tuesday, October 18 by Barclays Capital. Needham maintained it with “Strong Buy” rating and $17 target in Friday, October 9 report. The rating was initiated by Bank of America with “Buy” on Monday, December 19. The rating was maintained by Mizuho on Wednesday, December 6 with “Buy”. Mizuho maintained the stock with “Buy” rating in Thursday, June 22 report. The company was initiated on Wednesday, February 24 by Craig Hallum. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) has “Underweight” rating given on Wednesday, December 13 by Morgan Stanley. As per Friday, April 27, the company rating was maintained by Mizuho. The company was maintained on Wednesday, March 29 by Pacific Crest. The firm earned “Outperform” rating on Friday, January 29 by Oppenheimer.

Oppenheimer & Company Inc, which manages about $8.66 billion and $3.93B US Long portfolio, upped its stake in Quanta Svcs Inc (NYSE:PWR) by 93,450 shares to 124,100 shares, valued at $4.14 million in 2018Q3, according to the filing. It also increased its holding in Campbell Soup Co (NYSE:CPB) by 13,562 shares in the quarter, for a total of 78,964 shares, and has risen its stake in Kinder Morgan Inc Del (NYSE:KMI).

Since August 16, 2018, it had 1 insider buy, and 7 insider sales for $1.04 million activity. GOPALSWAMY SUDHIR also sold $46,181 worth of Cypress Semiconductor Corporation (NASDAQ:CY) shares. The insider El-Khoury Hassane sold $693,920.

More notable recent Cypress Semiconductor Corporation (NASDAQ:CY) news were published by: Nasdaq.com which released: “Moving Average Crossover Alert: Cypress Semiconductor (CY) – Nasdaq” on October 03, 2018, also Seekingalpha.com with their article: “Chips down after TI, STMicroelectronics warnings – Seeking Alpha” published on October 24, 2018, published: “Cypress Semiconductor (CY) Q3 Earnings: What to Expect? – Yahoo Finance” on October 22, 2018. More interesting news about Cypress Semiconductor Corporation (NASDAQ:CY) were released by: Nasdaq.com and their article: “Cypress Semiconductor (CY) Q3 Earnings and Revenues Beat Estimates – Nasdaq” published on October 25, 2018 as well as Seekingalpha.com‘s news article titled: “Cypress Impresses – Seeking Alpha” with publication date: August 03, 2018.

Investors sentiment increased to 1.35 in Q3 2018. Its up 0.25, from 1.1 in 2018Q2. It improved, as 28 investors sold CY shares while 105 reduced holdings. 65 funds opened positions while 114 raised stakes. 287.86 million shares or 0.87% more from 285.37 million shares in 2018Q2 were reported. Hodges Management reported 31,500 shares or 0.03% of all its holdings. Geode Capital Mgmt Limited Liability Com has 0.01% invested in Cypress Semiconductor Corporation (NASDAQ:CY). Stifel Finance Corp reported 184,901 shares. Mirae Asset Glob Com Ltd reported 286,681 shares. Rice Hall James & Associate Ltd owns 2.05 million shares for 1.06% of their portfolio. Rhumbline Advisers accumulated 683,338 shares. Sei Invs reported 618,459 shares or 0.03% of all its holdings. Amalgamated National Bank & Trust holds 58,210 shares. Nuveen Asset Mgmt Limited Liability Com holds 1.73M shares. Oppenheimer & invested 0.08% in Cypress Semiconductor Corporation (NASDAQ:CY). Salem Investment Counselors Inc holds 900 shares. Howe & Rusling reported 0% stake. Federated Investors Pa reported 0% stake. Columbia Asset accumulated 0.05% or 14,500 shares. Vident Investment Advisory Limited Com has invested 0.08% in Cypress Semiconductor Corporation (NASDAQ:CY).

Cypress Semiconductor Corporation (NASDAQ:CY) Institutional Positions Chart

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