NEW YORK (TheStreet) --Shares of Cypress Semiconductor (CY) - Get Report were climbing by 7.1% to $11.92 Tuesday afternoon, following reports suggesting there might be a potential bid of interest in taking this company over, CNBC's Dom Chu reported, citing sources from StreetInsider.
Chu appeared on this afternoon's CNBC "Power Lunch" to report on what he labeled as "deal speculation."
"That's what led to the spike intraday, although it has backed off the highs earlier in the day. There is nothing yet we have heard on the record in regards to whether or not this could even happen," Chu reported.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and good cash flow from operations.
But the team also finds weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CY