Norinchukin Bank The Upped By $410,100 Its Progressive Ohio (PGR) Holding; Cypress Semiconductor (CY) Sentiment Is 1.19

June 14, 2018 - By Linda Rogers

Cypress Semiconductor Corporation (NASDAQ:CY) Logo

Cypress Semiconductor Corp (CY) investors sentiment decreased to 1.19 in Q1 2018. It’s down -0.30, from 1.49 in 2017Q4. The ratio fall, as 179 active investment managers increased or opened new equity positions, while 150 cut down and sold equity positions in Cypress Semiconductor Corp. The active investment managers in our database now hold: 291.90 million shares, up from 290.88 million shares in 2017Q4. Also, the number of active investment managers holding Cypress Semiconductor Corp in top ten equity positions increased from 3 to 9 for an increase of 6. Sold All: 35 Reduced: 115 Increased: 114 New Position: 65.

Norinchukin Bank The increased Progressive Corp Ohio (PGR) stake by 23.44% reported in 2018Q1 SEC filing. Norinchukin Bank The acquired 6,835 shares as Progressive Corp Ohio (PGR)’s stock rose 5.95%. The Norinchukin Bank The holds 35,992 shares with $2.19 million value, up from 29,157 last quarter. Progressive Corp Ohio now has $36.05B valuation. The stock decreased 0.99% or $0.62 during the last trading session, reaching $61.9. About 2.06M shares traded. The Progressive Corporation (NYSE:PGR) has risen 47.50% since June 14, 2017 and is uptrending. It has outperformed by 34.93% the S&P500. Some Historical PGR News: ; 17/04/2018 – PROGRESSIVE CORP – NET PREMIUMS EARNED IN MARCH 2018 $2,279.7 MLN VS $1,892.8 MLN IN MARCH 2017; 09/03/2018 – Moody’s rates Progressive’s senior notes A2; assigns shelf ratings; outlook stable; 16/05/2018 – Progressive April Net Premiums Earned $2.9B; 14/03/2018 – PROGRESSIVE CORP – FEB 2018 NET PREMIUMS EARNED $2,204.7 MLN VS $1,854.8 MLN IN FEB 2017; 14/03/2018 – REG-Progressive Reports February 2018 Results; 14/05/2018 – Progressive Appoints First Female Board Chair, Announces Gender and Race Pay Equity; 17/04/2018 – Progressive 1Q Net Premiums Written $7.97B, Up 23%; 09/03/2018 – Fitch Rates The Progressive Corporation’s Preferred Shares ‘BBB+’ and Senior Notes ‘A’; 17/04/2018 – PROGRESSIVE MARCH NET PREMIUMS WRITTEN $2.54B :PGR US; 17/04/2018 – PROGRESSIVE 1Q EPS 24C

Cypress Semiconductor Corporation designs, develops, makes, markets, and sells embedded system solutions worldwide. The company has market cap of $6.31 billion. It operates in two divisions, Microcontroller and Connectivity Division and Memory Products Division. It currently has negative earnings. The Microcontroller and Connectivity Division provides microcontroller , analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreen and fingerprint reader products; USB controllers comprising solutions for the USB-C and USB power delivery standards; and Wi-Fi, Bluetooth, Bluetooth low energy and ZigBee radios, and WICED development platforms for the Internet of things (IoT).

Robertson Opportunity Capital Llc holds 4.89% of its portfolio in Cypress Semiconductor Corporation for 417,000 shares. Villere St Denis J & Co Llc owns 4.69 million shares or 4.74% of their US portfolio. Moreover, Deroy & Devereaux Private Investment Counsel Inc has 2.74% invested in the company for 1.52 million shares. The Minnesota-based Kopp Investment Advisors Llc has invested 2.51% in the stock. 1492 Capital Management Llc, a Wisconsin-based fund reported 191,559 shares.

More news for Cypress Semiconductor Corporation (NASDAQ:CY) were recently published by: Fool.com, which released: “Better Buy: Advanced Micro Devices vs. Cypress Semiconductor” on May 22, 2018. Fool.com‘s article titled: “Why Cypress Semiconductor Is Poised to Keep Its Growth Engine Humming” and published on June 04, 2018 is yet another important article.

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 $89.62 million for 17.60 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.

Since January 1, 0001, it had 1 buying transaction, and 11 insider sales for $1.74 million activity.

The stock increased 1.21% or $0.21 during the last trading session, reaching $17.6. About 3.35M shares traded. Cypress Semiconductor Corporation (CY) has risen 17.92% since June 14, 2017 and is uptrending. It has outperformed by 5.35% the S&P500. Some Historical CY News: ; 17/04/2018 – The analysis identified several other names with similarly optimistic analyst expectations, including Caterpillar and three chipmakers: Advanced Micro Devices, Lam Research and Cypress Semiconductor; 30/05/2018 – Cypress Unveils the World’s Most Advanced Flash Memory Solutions for Developers of Safety-Critical Applications in Automotive and Industrial; 05/03/2018 – Cypress to Address Two Investor Conferences in March; 15/05/2018 – Cypress Announces Quarterly Cash Dividend; 14/05/2018 – Cypress USB-C Technology Powers Advanced Mobile Computing Experience for Samsung DeX; 26/04/2018 – Cypress Semi Sees 2Q Rev $605M-$630M; 05/03/2018 S&P REVISES CYPRESS SEMICONDUCTOR CORP. TO RATING ‘BB’ FROM ‘BB-‘; OUTLOOK ‘STABLE’; 26/04/2018 – CYPRESS SEMI SEES 2Q ADJ EPS 27C TO 31C, EST. 29C; 05/03/2018 – S&PGR Raises Cypress Semiconductor Rtg To ‘BB’; Otlk Stbl; 21/04/2018 – DJ Cypress Semiconductor Corporation, Inst Holders, 1Q 2018 (CY)

Ratings analysis reveals 80% of Cypress Semi’s analysts are positive. Out of 5 Wall Street analysts rating Cypress Semi, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $11.0 while the high is $15.0. The stock’s average target of $13 is -26.14% below today’s ($17.6) share price. CY was included in 5 notes of analysts from October 18, 2016. On Tuesday, December 6 the stock rating was initiated by Loop Capital with “Buy”. The firm has “Buy” rating given on Monday, December 19 by Bank of America. SunTrust upgraded the stock to “Buy” rating in Monday, April 10 report. The company was maintained on Friday, February 3 by Craig Hallum. The rating was downgraded by Barclays Capital on Tuesday, October 18 to “Equal Weight”.

Among 21 analysts covering Progressive (NYSE:PGR), 8 have Buy rating, 3 Sell and 10 Hold. Therefore 38% are positive. Progressive had 69 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of The Progressive Corporation (NYSE:PGR) earned “Sell” rating by Goldman Sachs on Monday, November 16. Credit Suisse downgraded The Progressive Corporation (NYSE:PGR) rating on Friday, November 6. Credit Suisse has “Underperform” rating and $29 target. The stock of The Progressive Corporation (NYSE:PGR) earned “Hold” rating by Wells Fargo on Wednesday, April 19. The stock has “Hold” rating by Sandler O’Neill on Thursday, December 17. As per Friday, October 14, the company rating was upgraded by Citigroup. On Wednesday, March 14 the stock rating was maintained by Sandler O’Neill with “Buy”. The firm earned “Buy” rating on Wednesday, August 16 by Keefe Bruyette & Woods. The company was maintained on Monday, April 3 by FBR Capital. The stock of The Progressive Corporation (NYSE:PGR) earned “Underweight” rating by Barclays Capital on Friday, August 11. UBS maintained the shares of PGR in report on Tuesday, September 19 with “Buy” rating.

Investors sentiment decreased to 0.98 in Q1 2018. Its down 0.19, from 1.17 in 2017Q4. It worsened, as 36 investors sold PGR shares while 231 reduced holdings. 81 funds opened positions while 180 raised stakes. 450.02 million shares or 0.77% less from 453.53 million shares in 2017Q4 were reported. Riverhead Capital Management Ltd Liability Company holds 111,553 shares. Bessemer Group Inc invested in 0% or 16,202 shares. Lombard Odier Asset Management (Switzerland) stated it has 45,177 shares. Element Ltd Liability Com invested in 0.2% or 138,000 shares. Tarbox Family Office Inc, a California-based fund reported 256 shares. New York-based Jane Street Group Limited has invested 0% in The Progressive Corporation (NYSE:PGR). Teacher Retirement Systems Of Texas has 0.38% invested in The Progressive Corporation (NYSE:PGR) for 933,369 shares. Ameriprise Finance has 0.01% invested in The Progressive Corporation (NYSE:PGR). The Ohio-based Carnegie Cap Asset Mgmt Limited Liability Co has invested 0.06% in The Progressive Corporation (NYSE:PGR). Asset Mgmt One Com Limited holds 0.13% or 924,169 shares in its portfolio. Fred Alger holds 0.25% or 877,600 shares in its portfolio. Renaissance Group Incorporated Lc has 1.13% invested in The Progressive Corporation (NYSE:PGR). Pggm holds 1.19M shares. The Illinois-based Calamos Ltd Llc has invested 0% in The Progressive Corporation (NYSE:PGR). Comerica Bancorporation has invested 0.08% in The Progressive Corporation (NYSE:PGR).

More news for The Progressive Corporation (NYSE:PGR) were recently published by: Investorplace.com, which released: “5 Insurers in Focus as Fed Hikes Rate, Raises Economic View” on June 14, 2018. Seekingalpha.com‘s article titled: “Progressive gains as much as 4.6% as May EPS surges from a year ago” and published on June 13, 2018 is yet another important article.

Norinchukin Bank The decreased Comerica Inc (NYSE:CMA) stake by 6,060 shares to 10,682 valued at $1.03 million in 2018Q1. It also reduced Iqvia Hldgs Inc stake by 4,352 shares and now owns 13,359 shares. Discover Finl Svcs (NYSE:DFS) was reduced too.

Since April 25, 2018, it had 0 insider purchases, and 4 insider sales for $2.28 million activity. Another trade for 12,600 shares valued at $762,804 was sold by Griffith Susan Patricia. BASCH JEFFREY W had sold 11,000 shares worth $665,940. Another trade for 12,000 shares valued at $726,240 was made by Sauerland John P on Friday, May 18. The insider Broz Steven sold $121,236.

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart

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