Cypress Semiconductor Corporation (CY) downgraded to Hold 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.
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