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What Recent Ownership Trends Suggest About Cypress Semiconductor Corporation (CY)’s Future Performance

Recent insider trends for Cypress Semiconductor Corporation (NASDAQ:CY) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on CY is anything to go by, investors should pay attention.

Institutions own 98.36% of Cypress Semiconductor Corporation (CY)’s shares. The total value of these holdings, in millions, is $5,570. Among active positions in the latest quarter, 198 holders increased their positions by a total of 41.65 million shares, 165 holders decreased the positions by a total of 43.01 million shares, and 33 holders held their positions. This works out to a net decrease in ownership of 1.36 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 49 holders initiated new positions by a total of 7.57 million shares and 42 holders exited their positions by a total of 18.54 million shares. This nets out to a decrease of 10.97 million shares and is another bearish sign for CY.

In the last three months, insiders executed a total of 5 trades. 3 of these were buys and 2 were sells. Insider ownership decreased by a total of 29790 shares, which suggests that CY’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 3 buys and 33 sells, and ownership decreased by a net of 749215 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Cypress Semiconductor Corporation (NASDAQ:CY)’s short interest is 29.5 million shares, or 9.35% of the float. This represents a decrease of -8% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CY is a Strong buy, which implies that CY is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Cypress Semiconductor Corporation (NASDAQ:CY) is undervalued.

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