Among its peers in the Chip Sector CY is relatively cheap at a healthy 16P/E ratio. There is some apprehension regarding earnings, it is widely expected that revenues will have declined but this is not what will move the stock. The forward projections are eagerly anticipated and if good, the stock could rip higher. Cypress Semi has exposure to many different markets with notable clientele such as SONY and Nintendo as well as the automotive industry which is the main concern for analysts.