Shares of Cypress Semiconductor Corporation CY 1.64% have dropped from recent highs, and that sparks an investor opportunity, according to Bank of America. The company is a “solidly positioned, diversified [semiconductor] company with multiple product cycles, solid earnings leverage, a 3.3 percent dividend and potential M&A benefits,” research analyst Vivek Arya said in a note. Bank of America reiterated a Buy on Cypress with a $18 price objective. Cypress announced a $0.11-per-share quarterly cash dividend Tuesday.Read more