Guru Ken Fisher (Trades, Portfolio) sold out more than 11 million shares insemiconductor company PMC-Sierra Inc. (PMCS, Financial) in the fourth quarter.
Fisher is the founder and CEO of Fisher Investments, which manages money for some of the wealthiest Americans. The firm takes the approach of looking after its clients by fully managing every aspect of the clients' portfolios including asset allocation, account setup and trading individual securities. It has a global investment approach, often looking for advantages when market conditions change.
Fisher grew up with the advantage of learning from his father, who wrote the famous book "Common Stocks and Uncommon Profits."
PMC-Sierra is also traded in Germany.
PMC-Sierra offers a comprehensive portfolio of semiconductor and system solutions for communications, defense, security, aerospace and industrial markets. The products that the company manufactures include power management products, timing and synchronization devices, precise timing solutions, security technologies and scalable anti-tamper products. The company is located in Aliso Viejo, California, and has approximately 3,600 employees globally.
PMC-Sierra has a market cap of $2.32 billion, a P/E ratio of 554.80, an enterprise value of $2.23 billion and a quick ratio of 1.51.
Below is a Peter Lynch chart for PMC-Sierra.
Since the start of the fourth quarter of 2015, PMC-Sierra's share price has increased from $7.25 to $11.65. This can easily be a short-term fluctuation in the market, but the company does have some good signs moving forward.
PMC-Sierra has a strong 9/10 financial rating, according to GuruFocus, with a cash-to-debt ratio of 3.85, higher than 62% of the 836 companies in the Global Semiconductors industry. The company is in zero debt, which is also a good sign.
Cheers to your investment success.
