NEW YORK ( TheStreet) -- Shares of Cypress Semiconductor Corporation (Nasdaq: CY) were gapping up Thursday morning with an open price 10.1% higher than Wednesday's closing price. The stock closed at $14.30 Wednesday and opened today's trading at $15.75. The average volume for Cypress Semiconductor has been 2.8 million shares per day over the past 30 days. Cypress Semiconductor has a market cap of $2.23 billion and is part of the technology sector and electronics industry. Shares are down 13.4% year to date as of the close of trading on Wednesday. Cypress Semiconductor Corporation designs, develops, manufactures, and markets mixed-signal and programmable solutions worldwide. The company has a P/E ratio of 16.3, above the average electronics industry P/E ratio of 16 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Cypress Semiconductor as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, notable return on equity, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Cypress Semiconductor Ratings Report. Get more investment ideas from our investment research center.