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Actionable news in CY: Cypress Semiconductor Corporation,

Jim Cramer — 'Cypress Has Confounded Me'

Despite its M&A potential, Cypress Semiconductor (CY - Get Report) has been disappointing, according to TheStreet's Jim Cramer.

"Cypress has confounded me because T.J. does a good job," Cramer said, referring to Cypress CEO T.J. Rodgers. "And the stock is cut in half from when it was making a lot of acquisitions."

The chipmaker is down about 13.9% year to date. The stock was rising by 1% by midday Wednesday to $8.41, giving the company a $2.6 billion market capitalization.

San Jose, Calif.-based Cypress has been an active buyer in the semiconductor group, a>