It's been tough to own semiconductor stocks lately.
Take for example, Cypress - shares have dropped almost 50% over the course of one year.
Cypress makes small, low-power semiconductors that are used in mobile phones and tablets. They also makes chips that power touchscreens.
"They also have controller chips that help smartphones communicate with computers more directly, and they're also the number one manufacturer of a more expensive type of memory chip called SRAM or static random access memory—this isn't really a growth business, but is real a cash cow for Cypress," said Cramer.