UPDATE: Topeka Capital Downgrades Cypress Semiconductor Following Weaker-Than-Expected 3Q13 Guidance Announcement

In a report published Tuesday, Topeka Capital Markets analyst Suji De Silva downgraded the rating on Cypress Semiconductor NV (NASDAQ: CY ) from Buy to Hold, and lowered the price target from $15.00 to $11.00. In the report, Topeka Capital Markets noted, “Cypress preannounced weaker than expected 3Q13 guidance this