Cypress Semiconductor (CY -2.2%) and Cavium (CAVM -2.7%) are hit with downgrades to Neutral (I,...


Cypress Semiconductor (CY -2.2%) and Cavium (CAVM -2.7%) are hit with downgrades to Neutral (I, II) from UBS' Steven Eliscu. He's worried about the impact of macro weakness on the former's SRAM and touchscreen controller sales, and thinks the latter's design win ramps could take longer than expected. Both chipmakers are trading near their 52-week lows.

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