Conexant Systems, Inc. (NASDAQ:

) is up sharply this morning, gaining more than 5% on the back of some heavy buying. Conexant has already traded more than 500,000 shares this morning, which is about half of the company's average daily volume. At last check, shares were up 10 cents to $1.98. Conexant Systems is a fabless semiconductor company that engages in the design, development, and sale of semiconductor system solutions.