Alta Capital Management Cut Fastenal Company (FAST) Position; Cypress Semiconductor (CY) Shorts Lowered By 34.43%

February 20, 2018 - By Ellis Scott

Alta Capital Management Llc decreased Fastenal Company (FAST) stake by 2.27% reported in 2017Q3 SEC filing. Alta Capital Management Llc sold 17,156 shares as Fastenal Company (FAST)’s stock declined 14.06%. The Alta Capital Management Llc holds 737,504 shares with $33.62 million value, down from 754,660 last quarter. Fastenal Company now has $15.75 billion valuation. The stock decreased 1.65% or $0.92 during the last trading session, reaching $54.75. About 1.99M shares traded. Fastenal Company (NASDAQ:FAST) has declined 2.09% since February 20, 2017 and is downtrending. It has underperformed by 18.79% the S&P500.

Cypress Semiconductor Corporation (NASDAQ:CY) had a decrease of 34.43% in short interest. CY’s SI was 19.79 million shares in February as released by FINRA. Its down 34.43% from 30.18M shares previously. With 6.22 million avg volume, 3 days are for Cypress Semiconductor Corporation (NASDAQ:CY)’s short sellers to cover CY’s short positions. The SI to Cypress Semiconductor Corporation’s float is 6.28%. The stock decreased 1.22% or $0.2 during the last trading session, reaching $16.15. About 4.51 million shares traded. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 39.45% since February 20, 2017 and is uptrending. It has outperformed by 22.75% the S&P500.

Since October 16, 2017, it had 0 insider buys, and 3 selling transactions for $1.28 million activity. $51,232 worth of stock was sold by GOPALSWAMY SUDHIR on Tuesday, January 16. 74,818 shares were sold by Thad Trent, worth $1.18M.

Cypress Semiconductor Corporation designs, develops, makes, markets, and sells embedded system solutions worldwide. The company has market cap of $5.39 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).

Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.42, from 1.5 in 2017Q2. It worsened, as 34 investors sold Cypress Semiconductor Corporation shares while 109 reduced holdings. 51 funds opened positions while 104 raised stakes. 313.76 million shares or 0.67% more from 311.68 million shares in 2017Q2 were reported. Cls Invests Lc reported 0.01% stake. 62,940 are held by Amalgamated Savings Bank. Moreover, Sei has 0.03% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 575,042 shares. Nicholas Prtn Limited Partnership holds 0.25% or 237,981 shares. 86,171 were reported by Liberty Mutual Group Asset Mngmt. Monarch Ptnrs Asset Mgmt Ltd Llc reported 453,160 shares. Profund Lc holds 0.06% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY) for 95,091 shares. Private Advisor Grp Inc Llc has invested 0.01% in Cypress Semiconductor Corporation (NASDAQ:CY). Ngam Advsr Ltd Partnership invested in 27,727 shares. Snow Management Ltd Partnership reported 0.26% in Cypress Semiconductor Corporation (NASDAQ:CY). Teacher Retirement Of Texas owns 27,083 shares or 0% of their US portfolio. 893,101 are held by Eagle Asset Inc. Moreover, Weiss Multi has 0.06% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 115,000 shares. Fmr Limited Liability Corporation stated it has 0.02% in Cypress Semiconductor Corporation (NASDAQ:CY). American Century has invested 0.02% in Cypress Semiconductor Corporation (NASDAQ:CY).

Among 22 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 15 have Buy rating, 1 Sell and 6 Hold. Therefore 68% are positive. Cypress Semiconductor Corporation had 72 analyst reports since August 31, 2015 according to SRatingsIntel. On Friday, February 2 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The firm has “Buy” rating given on Thursday, October 26 by Mizuho. SunTrust maintained it with “Buy” rating and $19.0 target in Wednesday, October 11 report. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) has “Buy” rating given on Friday, October 6 by KeyBanc Capital Markets. The rating was maintained by Roth Capital on Thursday, February 1 with “Buy”. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) earned “Neutral” rating by Suntrust Robinson on Thursday, January 14. Mizuho maintained Cypress Semiconductor Corporation (NASDAQ:CY) rating on Wednesday, December 6. Mizuho has “Buy” rating and $18.0 target. Bank of America initiated the stock with “Buy” rating in Monday, December 19 report. Needham maintained Cypress Semiconductor Corporation (NASDAQ:CY) rating on Friday, October 9. Needham has “Strong Buy” rating and $17 target. The firm has “Equal-Weight” rating given on Tuesday, October 31 by Barclays Capital.

Since October 16, 2017, it had 0 buys, and 3 sales for $2.10 million activity. On Monday, October 16 the insider Hein LeLand J sold $471,350. Miller Charles S. sold 26,250 shares worth $1.48 million. The insider Polipnick Gary A. sold $140,793.

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.01, from 1.29 in 2017Q2. It improved, as 50 investors sold FAST shares while 161 reduced holdings. 62 funds opened positions while 213 raised stakes. 234.48 million shares or 1.45% more from 231.14 million shares in 2017Q2 were reported. Morgan Stanley holds 1.32 million shares. Consulate Inc has invested 0.15% in Fastenal Company (NASDAQ:FAST). Jnba Fin Advsrs holds 0.02% or 1,779 shares in its portfolio. Daiwa Grp invested 0% of its portfolio in Fastenal Company (NASDAQ:FAST). Hartford Invest Management Company has 0.05% invested in Fastenal Company (NASDAQ:FAST). Marietta Inv Ptnrs Limited Liability Com owns 24,632 shares. Cadence Capital Management Ltd Llc reported 0.1% in Fastenal Company (NASDAQ:FAST). First Foundation Advisors has 0.02% invested in Fastenal Company (NASDAQ:FAST). M&R Capital Mgmt has invested 0.07% in Fastenal Company (NASDAQ:FAST). Transamerica Financial Advsr reported 20 shares or 0% of all its holdings. Webster Retail Bank N A owns 68,217 shares for 0.45% of their portfolio. Oppenheimer Asset Mngmt Inc reported 0.12% in Fastenal Company (NASDAQ:FAST). Alexandria Limited Liability reported 2,985 shares or 0.03% of all its holdings. Tcw Group owns 1.80M shares. Marathon Asset Mngmt Llp holds 0.41% in Fastenal Company (NASDAQ:FAST) or 543,717 shares.

Among 17 analysts covering Fastenal (NASDAQ:FAST), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Fastenal had 63 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, August 21 the stock rating was maintained by BMO Capital Markets with “Hold”. The company was maintained on Wednesday, October 14 by Stifel Nicolaus. The firm has “Hold” rating by BMO Capital Markets given on Monday, January 8. The rating was maintained by Raymond James with “Buy” on Wednesday, December 6. Stifel Nicolaus maintained the stock with “Hold” rating in Sunday, December 10 report. As per Tuesday, July 11, the company rating was maintained by BMO Capital Markets. The firm earned “Buy” rating on Tuesday, January 19 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, October 12. The firm has “Neutral” rating by Sterne Agee CRT given on Tuesday, March 22. The stock has “Neutral” rating by Credit Suisse on Friday, June 17.

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