Spears Abacus Advisors Has Lowered Its Position in Citigroup (C) by $447,225 as Stock Value Declined; Maplelane Capital Boosted Its Cypress Semiconductor (Call) (CY) Stake

August 10, 2018 - By Clara Lewis

Cypress Semiconductor Corporation (NASDAQ:CY) Logo

Spears Abacus Advisors Llc decreased its stake in Citigroup Inc (C) by 1.47% based on its latest 2018Q1 regulatory filing with the SEC. Spears Abacus Advisors Llc sold 6,675 shares as the company’s stock declined 11.86% with the market. The institutional investor held 446,647 shares of the major banks company at the end of 2018Q1, valued at $30.15M, down from 453,322 at the end of the previous reported quarter. Spears Abacus Advisors Llc who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $176.82B market cap company. The stock decreased 2.39% or $1.72 during the last trading session, reaching $70.26. About 20.22 million shares traded or 25.67% up from the average. Citigroup Inc. (NYSE:C) has risen 10.48% since August 10, 2017 and is uptrending. It has underperformed by 2.09% the S&P500. Some Historical C News: 14/05/2018 – Latin Bond Sales Drop 12% in 2018, Citi Leads; 20/03/2018 – Financial 15 Split Corp. Regular Monthly Dividend Declaration for Class A & Preferred Share; 25/05/2018 – UK MAY PUBLIC INFLATION EXPECTATIONS FOR NEXT 5-10 YEARS RISE TO 3.2 PCT FROM 3.1 PCT – CITI/YOUGOV; 11/04/2018 – CITIGROUP’S MORSE: FROTH IN OIL PRICE WILL COME OFF; 29/05/2018 – Citi Flirts With Reviving Debit-Card Rewards at New Online Bank; 07/05/2018 – NATURAL GROCERS BY VITAMIN COTTAGE INC NGVC.N : CITIGROUP RAISES TARGET PRICE TO $10.5 FROM $8.5; 06/04/2018 – CBS Nominates Former Citigroup Chairman and Time Warner CEO Richard Parsons to Board; 28/03/2018 – DUBAI’S NOOR BANK IS SAID TO PICK CITI, DEUTSCHE BANK FOR SUKUK; 06/03/2018 – CITIGROUP INC – SGD 100 MLN REDEMPTION OF 3.50% FIXED RATE / FLOATING RATE SUBORDINATED NOTES DUE APRIL 2020; 13/04/2018 – CITIGROUP INC – QTRLY CITIGROUP TOTAL REVENUE $18.87 BLN, UP 3 PCT

Maplelane Capital Llc increased its stake in Cypress Semiconductor Corp (Call) (CY) by 133.33% based on its latest 2018Q1 regulatory filing with the SEC. Maplelane Capital Llc bought 399,999 shares as the company’s stock declined 5.85% with the market. The hedge fund held 700,000 shares of the semiconductors company at the end of 2018Q1, valued at $11.87M, up from 300,001 at the end of the previous reported quarter. Maplelane Capital Llc who had been investing in Cypress Semiconductor Corp (Call) for a number of months, seems to be bullish on the $6.04B market cap company. The stock decreased 5.54% or $0.98 during the last trading session, reaching $16.71. About 8.19 million shares traded or 80.01% up from the average. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 17.92% since August 10, 2017 and is uptrending. It has outperformed by 5.35% the S&P500. Some Historical CY News: 07/05/2018 – Cypress Expands USB Leadership With Next-Generation USB-C and Power Delivery Controller for Electronically-Marked Cables; 05/03/2018 – S&PGR Raises Cypress Semiconductor Rtg To ‘BB’; Otlk Stbl; 26/04/2018 – CYPRESS SEMI 1Q ADJ REV $582.2M, EST. $580.5M; 24/04/2018 – CYPRESS SEMICONDUCTOR CORP SAYS DISAGREE WITH THE CONCLUSIONS MADE BY ISS AND GLASS LEWIS IN REGARD TO J. DANIEL MCCRANIE; 14/05/2018 – Cypress USB-C Technology Powers Advanced Mobile Computing Experience for Samsung DeX; 14/05/2018 – Cypress Semi Presenting at JPMorgan Conference Tomorrow; 08/03/2018 – Buying Oracle, Cypress, Walmart, Shake Shack — Barrons.com; 15/05/2018 – Waddell & Reed Financial Inc. Exits Position in Cypress Semi; 26/04/2018 – Cypress Semi Sees 2Q Rev $605M-$630M; 15/05/2018 – Cypress Announces Quarterly Cash Dividend

Among 23 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. Cypress Semiconductor Corporation had 78 analyst reports since August 31, 2015 according to SRatingsIntel. As per Thursday, October 26, the company rating was maintained by Mizuho. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, June 26 report. On Monday, December 19 the stock rating was initiated by Bank of America with “Buy”. Craig Hallum initiated Cypress Semiconductor Corporation (NASDAQ:CY) on Wednesday, February 24 with “Buy” rating. The firm has “Buy” rating given on Friday, October 23 by Needham. The rating was upgraded by Barclays Capital to “Overweight” on Wednesday, June 28. Bank of America maintained Cypress Semiconductor Corporation (NASDAQ:CY) rating on Thursday, October 26. Bank of America has “Buy” rating and $21.0 target. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) earned “Buy” rating by Craig Hallum on Friday, April 27. The rating was maintained by Roth Capital on Thursday, February 1 with “Buy”. Loop Capital Markets maintained Cypress Semiconductor Corporation (NASDAQ:CY) on Friday, July 28 with “Buy” rating.

Since February 16, 2018, it had 1 buy, and 12 selling transactions for $1.74 million activity. GEHA SAM sold $9,230 worth of stock or 548 shares. 3,000 shares valued at $48,738 were sold by GOPALSWAMY SUDHIR on Friday, February 16. 5,900 Cypress Semiconductor Corporation (NASDAQ:CY) shares with value of $99,724 were sold by WISHART MICHAEL S.

More news for Cypress Semiconductor Corporation (NASDAQ:CY) were recently published by: Nasdaq.com, which released: “Factors of Influence in 2018, Key Indicators and Opportunity within Omnicom Group, Ironwood Pharmaceuticals …” on August 09, 2018. Seekingalpha.com‘s article titled: “Cypress Impresses” and published on August 03, 2018 is yet another important article.

Maplelane Capital Llc, which manages about $1.68 billion and $3.90B US Long portfolio, decreased its stake in Alphabet Inc by 55,000 shares to 25,000 shares, valued at $25.93M in 2018Q1, according to the filing. It also reduced its holding in Wendys Co (NASDAQ:WEN) by 699,999 shares in the quarter, leaving it with 1.70 million shares, and cut its stake in Momo Inc (Call).

Investors sentiment decreased to 1.19 in 2018 Q1. Its down 0.30, from 1.49 in 2017Q4. It dived, as 35 investors sold CY shares while 115 reduced holdings. 65 funds opened positions while 114 raised stakes. 291.90 million shares or 0.35% more from 290.88 million shares in 2017Q4 were reported. Convergence Investment Prtnrs Limited Liability Corp stated it has 0% in Cypress Semiconductor Corporation (NASDAQ:CY). Gsa Cap Prtnrs Ltd Liability Partnership holds 0.09% in Cypress Semiconductor Corporation (NASDAQ:CY) or 100,766 shares. Tdam Usa owns 93,413 shares. Pittenger & Anderson stated it has 0% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Legal And General Gru Plc owns 445,744 shares. Hanseatic holds 4,530 shares. Gemmer Asset Mngmt Limited Liability, California-based fund reported 682 shares. Moreover, Brave Asset Mngmt has 0.15% invested in Cypress Semiconductor Corporation (NASDAQ:CY). Illinois-based Oakbrook Invests has invested 0.03% in Cypress Semiconductor Corporation (NASDAQ:CY). Boussard And Gavaudan Invest Mngmt Llp has 1.49 million shares. Janney Montgomery Scott Limited Co invested in 33,514 shares or 0.01% of the stock. Perkins Cap Mngmt owns 29,575 shares. Bogle Mngmt Limited Partnership De holds 759,581 shares. Kennedy Capital Management holds 1.65M shares or 0.54% of its portfolio. Hancock Company owns 705,606 shares.

Among 40 analysts covering Citigroup Inc. (NYSE:C), 24 have Buy rating, 2 Sell and 14 Hold. Therefore 60% are positive. Citigroup Inc. had 130 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Wells Fargo on Wednesday, January 17 with “Buy”. On Thursday, January 7 the stock rating was upgraded by Portales Partners to “Sector Perform”. Macquarie Research downgraded the stock to “Neutral” rating in Friday, November 18 report. The firm has “Overweight” rating by Morgan Stanley given on Monday, November 14. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 12 report. Berenberg initiated Citigroup Inc. (NYSE:C) on Wednesday, July 13 with “Buy” rating. The rating was downgraded by Wood on Monday, April 18 to “Market Perform”. Susquehanna initiated Citigroup Inc. (NYSE:C) on Tuesday, October 6 with “Neutral” rating. The stock has “Buy” rating by Jefferies on Monday, October 10. The stock of Citigroup Inc. (NYSE:C) earned “Hold” rating by Jefferies on Tuesday, June 6.

Investors sentiment decreased to 0.89 in Q1 2018. Its down 0.18, from 1.07 in 2017Q4. It worsened, as 89 investors sold C shares while 499 reduced holdings. 114 funds opened positions while 412 raised stakes. 1.90 billion shares or 4.45% less from 1.99 billion shares in 2017Q4 were reported. Amica Mutual Ins reported 0.74% in Citigroup Inc. (NYSE:C). Wolverine Asset Mngmt Lc reported 0.06% of its portfolio in Citigroup Inc. (NYSE:C). Moreover, Polar Llp has 1.27% invested in Citigroup Inc. (NYSE:C). Caisse De Depot Et Placement Du Quebec owns 2.04 million shares. 105,764 are owned by Shikiar Asset Mgmt Incorporated. Stonebridge Advsr Llc holds 0.79% or 50,811 shares in its portfolio. Strategic Limited Liability Com reported 44,838 shares or 1.25% of all its holdings. Missouri-based Stifel Fincl Corp has invested 0.18% in Citigroup Inc. (NYSE:C). Plante Moran Fin Advsrs Ltd Com reported 0.05% in Citigroup Inc. (NYSE:C). Cap Planning Advsrs Limited Liability reported 34,657 shares. Dimensional Fund LP reported 16.08M shares. Narwhal Management reported 131,421 shares or 2.06% of all its holdings. Schwab Charles Mngmt has 10.72M shares. First Midwest Commercial Bank Trust Division holds 10,852 shares. Deroy And Devereaux Private Inv Counsel reported 209,102 shares or 1.5% of all its holdings.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on October, 11. They expect $1.66 EPS, up 16.90% or $0.24 from last year’s $1.42 per share. C’s profit will be $4.18 billion for 10.58 P/E if the $1.66 EPS becomes a reality. After $1.62 actual EPS reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts 2.47% EPS growth.

More notable recent Citigroup Inc. (NYSE:C) news were published by: 247Wallst.com which released: “Merrill Lynch Has 3 Preferred Financials to Buy for the Rest of 2018” on August 10, 2018, also Seekingalpha.com with their article: “Tesla and Wall Street: It’s complicated” published on August 09, 2018, Seekingalpha.com published: “Freeport-McMoRan: Don’t Ignore Decade On Steroids” on August 10, 2018. More interesting news about Citigroup Inc. (NYSE:C) were released by: 247Wallst.com and their article: “How Much Short Sellers Have Upped the Ante in Major Banks” published on August 10, 2018 as well as Seekingalpha.com‘s news article titled: “How Will This Bank Fare Going Forward?” with publication date: July 22, 2018.

Since February 27, 2018, it had 0 buys, and 8 insider sales for $5.94 million activity. On Thursday, July 19 the insider AKRAM RAJA sold $34,605. The insider MURRAY JOSEPH MICHAEL sold 3,400 shares worth $263,126. 7,000 Citigroup Inc. (NYSE:C) shares with value of $536,410 were sold by Callahan Don. $500,666 worth of Citigroup Inc. (NYSE:C) was sold by Forese James A. on Tuesday, February 27. 32,400 shares valued at $2.51M were sold by Fraser Jane Nind on Tuesday, February 27. $611,804 worth of stock was sold by Hu W. Bradford on Tuesday, February 27.

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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