Ctrip Com Intl LTD (CTRP) Shareholder Tourbillon Capital Partners LP Has Trimmed Position; As Cypress Semiconductor (CY) Share Value Rose, Karp Capital Management Has Boosted Stake

December 15, 2017 - By Ellis Scott

Karp Capital Management Corp increased its stake in Cypress Semiconductor (CY) by 82.65% based on its latest 2017Q2 regulatory filing with the SEC. Karp Capital Management Corp bought 48,246 shares as the company’s stock rose 1.94% with the market. The institutional investor held 106,620 shares of the semiconductors company at the end of 2017Q2, valued at $1.46 million, up from 58,374 at the end of the previous reported quarter. Karp Capital Management Corp who had been investing in Cypress Semiconductor for a number of months, seems to be bullish on the $5.02B market cap company. The stock decreased 1.38% or $0.21 during the last trading session, reaching $15.04. About 3.88 million shares traded. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 39.45% since December 15, 2016 and is uptrending. It has outperformed by 22.75% the S&P500.

Jason Karp decreased its stake in Ctrip Com Intl Ltd (CTRP) by 45.47% based on its latest 2017Q2 regulatory filing with the SEC. Tourbillon Capital Partners Lp sold 740,620 shares as the company’s stock rose 23.06% with the market. The hedge fund run by Jason Karp held 888,254 shares of the miscellaneous company at the end of 2017Q2, valued at $47.84M, down from 1.63M at the end of the previous reported quarter. Tourbillon Capital Partners Lp who had been investing in Ctrip Com Intl Ltd for a number of months, seems to be less bullish one the $22.82 billion market cap company. The stock decreased 0.05% or $0.02 during the last trading session, reaching $43.57. About 4.68M shares traded. Ctrip.com International, Ltd. (NASDAQ:CTRP) has risen 31.59% since December 15, 2016 and is uptrending. It has outperformed by 14.89% the S&P500.

Among 20 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 13 have Buy rating, 1 Sell and 6 Hold. Therefore 65% are positive. Cypress Semiconductor Corporation had 65 analyst reports since August 31, 2015 according to SRatingsIntel. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) has “Underweight” rating given on Wednesday, December 13 by Morgan Stanley. The firm has “Buy” rating by Topeka Capital Markets given on Friday, October 23. The firm has “Buy” rating given on Friday, April 29 by Craig Hallum. The stock has “Buy” rating by Sterne Agee CRT on Wednesday, September 9. The firm has “Buy” rating given on Monday, December 19 by Bank of America. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) has “Neutral” rating given on Thursday, January 14 by Suntrust Robinson. Needham maintained it with “Strong Buy” rating and $17 target in Friday, October 9 report. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) has “Buy” rating given on Friday, February 3 by Craig Hallum. The stock has “Buy” rating by Loop Capital Markets on Friday, June 23. The firm earned “Overweight” rating on Wednesday, June 28 by Barclays Capital.

Investors sentiment increased to 1.5 in 2017 Q2. Its up 0.23, from 1.27 in 2017Q1. It increased, as 30 investors sold CY shares while 88 reduced holdings. 49 funds opened positions while 128 raised stakes. 311.68 million shares or 3.13% more from 302.23 million shares in 2017Q1 were reported. Millennium Mngmt Limited Liability reported 2.13 million shares. 36,948 are held by Alpha Windward Limited Liability. Moreover, Parametric Portfolio Assocs Ltd Llc has 0.01% invested in Cypress Semiconductor Corporation (NASDAQ:CY). Ubs Oconnor Ltd owns 0% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 100,000 shares. Walleye Trading Ltd Liability Co reported 434,473 shares. Valley Natl Advisers, a Pennsylvania-based fund reported 25 shares. 64,899 were reported by Amalgamated Financial Bank. Ardsley Advisory stated it has 0.67% in Cypress Semiconductor Corporation (NASDAQ:CY). Granite Point Capital Mngmt Ltd Partnership has invested 0.28% in Cypress Semiconductor Corporation (NASDAQ:CY). Profund Advsrs Ltd Liability invested in 0.06% or 102,910 shares. Oz Mngmt Lp holds 0.01% or 150,000 shares. Plante Moran Fincl Limited Liability Corporation reported 0.01% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Axa invested 0.01% in Cypress Semiconductor Corporation (NASDAQ:CY). Retirement System Of Alabama invested 0.06% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Principal Fin Gp accumulated 1.39 million shares.

Since August 1, 2017, it had 0 insider purchases, and 3 insider sales for $5.13 million activity. Thad Trent sold $1.18 million worth of stock or 74,818 shares. 30,000 shares were sold by WISHART MICHAEL S, worth $422,154 on Tuesday, August 1.

Karp Capital Management Corp, which manages about $168.02 million and $202.14 million US Long portfolio, decreased its stake in T Mobile (NYSE:TMUS) by 90,412 shares to 19,810 shares, valued at $1.20M in 2017Q2, according to the filing. It also reduced its holding in Varian Medical Systems Inc (NYSE:VAR) by 73,732 shares in the quarter, leaving it with 5,000 shares, and cut its stake in Cintas (NASDAQ:CTAS).

Analysts await Ctrip.com International, Ltd. (NASDAQ:CTRP) to report earnings on February, 28. They expect $0.03 earnings per share, down 82.35% or $0.14 from last year’s $0.17 per share. CTRP’s profit will be $15.71M for 363.08 P/E if the $0.03 EPS becomes a reality. After $0.32 actual earnings per share reported by Ctrip.com International, Ltd. for the previous quarter, Wall Street now forecasts -90.63% negative EPS growth.

Tourbillon Capital Partners Lp, which manages about $1.12B and $5.20 billion US Long portfolio, upped its stake in Amc Networks Inc (NASDAQ:AMCX) by 145,000 shares to 771,756 shares, valued at $41.22 million in 2017Q2, according to the filing. It also increased its holding in Synchrony Finl (Call) (NYSE:SYF) by 672,300 shares in the quarter, for a total of 1.15 million shares, and has risen its stake in Netease Inc (Put) (NASDAQ:NTES).

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