Collins Stewart Reiterates Buy on Cypress Semiconductor and Atmel

Collins Stewart reiterated its Buy rating on Cypress Semiconductor CY and Atmel ATML. At the same time, the rating agency left its price target on the companies' stocks unchanged at $27 for CY and $18 for ATML. On Friday, ATML closed the day at $13.88. Its shares lost 1.87% of its value in today's pre-market trading to stand around $13.62. At the same time, CY closed the day on Monday at $22.38. Its shares fell 0.27% in today's pre-market trading to stand around $22.32.