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Enter Symbol:
 
Cypress Semiconductor Corporation (CY) [hlAlert]

Rating:
Hold CY

Cypress Semiconductor Corporation (CY) downgraded to Hold by Needham

Posted on: Tuesday,  Jan 24, 2012  8:25 AM ET by Needham

Needham rated Hold Cypress Semiconductor Corporation (NASDAQ: CY) on 01/24/2012. Previously Needham rated Buy Cypress Semiconductor
Corporation (NASDAQ: CY) on 10/03/2011., when the stock price was $14.94. Since then, Cypress Semiconductor Corporation has gained 22.82% of its value until Needham rated CY Buy on 01/24/2012, when the price was $18.35. .

Cypress Semiconductor Corporation (Cypress)is a broad-line semiconductor company. The Company delivers mixed-signal, programmable solutions. Cypress also offers wired and wireless connectivity solutions. Cypress serves markets, including consumer, computation, data communications, automotive and industrial and white goods. Cypress?s reportable segment includes Consumer and Computation Division, Data Communications Division, Memory and Imaging DivisionOther On September 29, 2008, Cypress spun-off its majority owned subsidiary, SunPower Corporation (SunPower). In July 2008, Cypress completed the sale of certain product lines of its subsidiary, Silicon Light Machines (SLM), to Dainippon Screen Manufacturing Co. Ltd. In September 2008, Cypress acquired Simtek Corporation (Simtek) through the merger of its wholly owned subsidiary Copper Acquisition Corporation with and into Simtek Corporation.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/3/2014 8:25 AM Buy
None
12.00 16.00
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD up  8.64 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/18/2013 4:25 PM Buy
None
12.50 14.00
4/19/2013 8:25 AM Buy
None
9.78 12.00
2/19/2013 8:25 AM Buy
None
10.22 13.00
1/24/2012 8:25 AM Hold
None
18.35
10/3/2011 8:25 AM Buy
None
14.94 18.00

(*) Stock Price at the time of the recommendation.
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