Needham & Company Reiterates a 'Buy' on Cypress Semi (CY); Positive Feedback from Marketing Trip;

Needham & Company reiterates a 'Buy' on Cypress Semi (NASDAQ: CY), PT $26.

Needham analyst says, "Over the past two days, Needham hosted investor meetings in the Midwest with CY’s CFO, Mr. Brad Buss. Overall investor tone was decidedly bullish, particularly around TrueTouch and new product cycles. We could see upside in the SRAM business and we believe the company is gaining share with TrueTouch...Our 2011 and 2012 estimates of $1.06BN/$1.35 and $1.20BN/$1.70, remain unchanged, respectively.

For more ratings news on Cypress Semi click here and for the rating history of Cypress Semi click here.

Shares of Cypress Semi closed at $21.42 yesterday.

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