NEW YORK ( TheStreet) -- Verigy (Nasdaq: VRGY) is trading at unusually high volume Monday with 5.2 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.25 (+9.8%) at $14 as of 11:52 a.m. ET.

Verigy has a market cap of $760.9 million and is part of the technology sector and electronics industry. Shares are down 2.1% year to date as of the close of trading on Friday.

Verigy Ltd. provides advanced semiconductor test systems and solutions used by companies worldwide in design validation, characterization, and high-volume manufacturing test. The company has a P/E ratio of 44.8, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 15.8.

TheStreet Ratings rates Verigy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Verigy Ratings Report.

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