PMC-Sierra Rises On Unusually High Volume (PMCS)

NEW YORK ( TheStreet) -- PMC-Sierra (Nasdaq: PMCS) is trading at unusually high volume Wednesday with 14 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up 60 cents (+8.5%) at $7.69 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 28.9% year to date as of the close of trading on Tuesday.

PMC-Sierra, Inc. designs, develops, markets, and supports Internet infrastructure semiconductor solutions. The company has a P/E ratio of 20, below 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 increase in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full PMC-Sierra Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.

null

More from Markets

Comcast Considering All-Cash Bid for Fox as Disney Battle Heads to the Wire

Comcast Considering All-Cash Bid for Fox as Disney Battle Heads to the Wire

Global Rally Stalls as Trump Doubts North Korea Summit, Questions China Trade

Global Rally Stalls as Trump Doubts North Korea Summit, Questions China Trade

Target's Stock Tanks After Q1 Earnings Miss and Slowing Sales

Target's Stock Tanks After Q1 Earnings Miss and Slowing Sales

Trump, China Trade, Target and Las Vegas Casinos - 5 Things You Must Know

Trump, China Trade, Target and Las Vegas Casinos - 5 Things You Must Know

Stocks Move Lower on Trade Fears and 4 Other Stories You Must Know Wednesday

Stocks Move Lower on Trade Fears and 4 Other Stories You Must Know Wednesday