PMC-Sierra Rises On Unusually High Volume (PMCS)

NEW YORK ( TheStreet) -- PMC-Sierra (Nasdaq: PMCS) is trading at unusually high volume Tuesday with 13.8 million shares changing hands. It is currently at four times its average daily volume and trading up 30 cents (+4.5%) at $7.04 as of 4 p.m. ET.

PMC-Sierra has a market cap of $1.51 billion and is part of the technology sector and electronics industry. Shares are up 22.3% year to date as of the close of trading on Monday.

PMC-Sierra, Inc. designs, develops, markets, and supports Internet infrastructure semiconductor solutions. The company has a P/E ratio of 24.5, above the average electronics industry P/E ratio of 23.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates PMC-Sierra as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full PMC-Sierra Ratings Report.

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