This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

9 Stocks Hit 52-Week Highs: WMB, AEO, T, CRUS, TSM, AZO, MJN, WPI, RTN

Stocks in this article: AEO T RTN TSM WPI MJN CRUS WMB AZO

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Cirrus Logic

The fabless semiconductor company reported Wednesday fourth-quarter earnings of $50.8 million, or 75 cents a share, down from year-earlier earnings of $130.4 million, or $1.80 a share. Adjusted profit in the latest quarter was 36 cents a share compared with 22 cents a year earlier.

"We are raising estimates and reiterating our Outperform on CRUS following in-line 4Q (Mar.) sales/EPS of $111M/$0.36. Our price target moves to $30 from $28," Oppenheimer analysts wrote in a report Thursday. "Outlook for 1Q (Jun.) revenues of $101M fell short of consensus $107M on timing issues at Apple. Management expects a sharply higher level of revenue beginning in 2Q (Sep). Inventory is expected to double Q/Q as CRUS funds increased demand with a $100M revolver. We believe CRUS has secured the iPhone 5 socket and look for units as well as content increases to drive 2H upside. CRUS remains a top play on the growth and success of Apple. We look for shares to trade better today following management's bullish 2H commentary."

Shares of Cirrus Logic hit a 52-week high Thursday of $26.73. The stock's 52-week low of $12.52 was set on Aug. 9.

Cirrus Logic's forward P/E is 14.6; the average for semiconductor companies is 17.6. For comparison, Cypress Semiconductor (CY) has a lower forward P/E of 12.28.

Six of the seven analysts who cover Cirrus Logic rated it buy; one analyst gave the stock a hold rating.

TheStreet Ratings gives Cirrus Logic a B grade with a buy rating and $28.53 price target. The stock has risen 67.44% year to date.






Taiwan Semiconductor

The semiconductor company said Thursday its first-quarter earnings declined 7.7%, but added that 2012 would be a year of "solid growth."

"TSMC noted that its 1Q12 sales were up q/q versus three months ago view that it could be down," Credit Suisse analysts wrote in a report Thursday. "TSMC's customer order momentum also remained strong in 1Q12, and helped TSMC guide 2Q12 revenue up sharply by 19-21% q/q. In addition, TSMC commented that its forecast for order intake in 2Q12 also remains strong, which the company expects will drive some growth q/q in 3Q12 as well. Company has spent $1.6bb of its CY12 capex in 1Q12, and expects 2012 capex will be back half weighted."

Shares of Taiwan Semiconductor hit a 52-week high Thursday of $15.69. The stock's 52-week low of $10.75 was set on Aug. 18.

Taiwan Semiconductor's forward P/E is 13.95; the average for semiconductors is 25.14.

Six of the eight analysts who cover Taiwan Semiconductor rated it hold; two analysts gave the stock a buy rating.

TheStreet Ratings gives Taiwan Semiconductor an A+ grade with a buy rating and $17.61 price target. The stock has risen 23.01% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

4 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,077.44 +47.23 0.26%
S&P 500 2,090.70 +8.82 0.42%
NASDAQ 4,801.0410 +27.5690 0.58%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs