Today's Review on Cypress Semiconductor and Integrated Device Technology - Semiconductor Stocks Attract Insider Interest

  Today's Review on Cypress Semiconductor and Integrated Device Technology -
                Semiconductor Stocks Attract Insider Interest

  PR Newswire

  LONDON, February 6, 2013

LONDON, February 6, 2013 /PRNewswire/ --

Semiconductor sector is still struggling with its PC-Mobile conflict. While
the trend is good for semiconductor companies specializing in mobile chip
technologies, the overall scenario is still gloomy. Constant influx of new
technologies is also proving to be a costly affair, especially for the smaller
companies. Cypress Semiconductor Corp. (NASDAQ:CY) reported lower revenue and
tighter margins, while Integrated Device Technology Inc. (NASDAQ:IDTI) also
predicts flat performance for year 2013. StockCall has completed technical
analysis covering Cypress Semiconductor and Integrated Device Technology.
These free reports are free upon registration at

Integrated Device Technology to Benefit from 4G Deployment

Integrated Device Technology Inc. saw its director Jeffrey Stephen McCreary
buying 30,000 shares at the average price of $5.84 apiece. The company also
reported profit for its third quarter but failed to meet expectations for its
revenue. Integrated Device Technology managed to reverse the losses it had
suffered for the third quarter of the previous year to deliver profit of $6.2
million. It met analysts' expectations of 4 cents per share in net income.
However, its revenue at $115.1 million fell below consensus estimate of
$119.04 million. It also was 4.07 percent lower from the corresponding quarter
of the last year. Our free technical research on Integrated Device Technology
can be accessed by signing up now at

Integrated Device Technology is diversifying its business geographically and
its growth in developing economies is likely to be main catalyst for its stock
price increase. The company is also likely to benefit from 4G deployment and

The company expects growth to remain sluggish. Nonetheless, it expects to
introduce new products to help its top-line grow. The stock ended 2012 almost
flat, but it is expected to pick up during the second half of 2013. Integrated
Device Technology is also looking to slash its costs to better manage its

Cypress Semiconductors Expects Lower Revenue in 2013

Cypress Semiconductor Corporation reported a decline in its quarterly revenue.
For its fiscal fourth quarter, the company earned $180.3 million in revenue,
showing decline of 25.6 percent from the corresponding quarter of the last
year. However, it managed to beat its own estimates of revenue in the range of
$177 and $179 million. The company is also losing its grip on margins as its
gross margin dipped 7.2 percent to 46.4 percent. On the positive side, the
company also managed to lower its GAAP net loss from $31.7 million to $24.2
million. Sign up today for the free technical research on Cypress
Semiconductor at

Cypress Semiconductor lost about 40 percent of its value last year but the
stock offers attractive dividend yield of 4.44 percent. It has been gaining
insider interest lately, as its CFO Brad Buss, snapped 10,000 shares of the
company at an average price of $9.97 apiece. However, the impact is somewhat
negated by the fact that Ken Griffin of Citadel Investments offloaded a large
part of its holding in the company. Citadel currently owns 2.2 million shares
of the company.

While the company is a front runner in mobile chip segment, it also has to
deal with the general weakness in broader chip segment. The company management
expects modest results FY2013. Its first quarter revenue is likely to be 5 to
9 percent lower than the previous quarter. It is also banking on its
reconstruction as it spun off its Cypress Envirosystems unit. Cypress is
likely to pick up during the latter half of the year.

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