UPDATE: Topeka Capital Markets Initiates Cypress Semiconductor with Buy on Attractive Entry Point

In a report published Monday, Topeka Capital Markets analyst Suji De Silva initiated coverage on Cypress Semiconductor Corporation

with a Buy rating and $12.00 price target. In the report, De Silva noted, “We are initiating coverage of Cypress Semiconductor with a Buy rating and a $12.00 price target. We believe that current CY stock levels represent an attractive entry point, given modest investor expectations for Touch Controller and margin recovery in 2013.” Cypress Semiconductor Corporation closed on Friday at $10.13.