Publish date:

Autodesk, Altera, Estee Lauder Hit Highs

Autodesk, Altera and Estee Lauder hit 52-week highs on Wednesday.
Author:

BOSTON (TheStreet) -- Stocks gained Thursday after Fed Chairman Ben Bernanke said interest rates should stay low as the economy recovers. These stocks hit 52-week highs.

3. Autodesk

(ADSK) - Get Report

rose 8.7% to $27.89, reaching a high of $28.49 during the session. Shares of the software-seller have risen 11% during the past month.

The numbers

: Autodesk swung to a fourth-quarter profit of $50 million, or 21 cents a share, from a loss of $105 million, or 47 cents, a year earlier. Revenue fell 6.9% to $456 million. The company's operating margin rose from 9% to 12%. Autodesk holds $1 billion of cash and no debt.

The stock

: Autodesk has advanced 91% during the past year, beating major U.S. indices. The stock trades at a price-to-projected-earnings ratio of 18, a discount to software peers. A PEG ratio of 0.3 demonstrates that shares are cheap relative to growth expectations. A PEG ratio of less than 1 implies that a stock is undervalued.

2. Altera

(ALTR) - Get Report

ascended 3.9% to $24.15, hitting a high of $24.32 earlier today. Shares of the chipmaker have returned 14% during the past month.

TST Recommends

The numbers

: Fourth-quarter profit increased 24% to $103 million, or 34 cents a share, as revenue climbed 16% to $365 million. Altera's operating margin inched up from 31% to 32%. Its balance sheet stores $1.5 billion of cash and $503 million of debt.

The stock

: Altera has soared 67% during the past year, more than U.S. benchmarks. The stock trades at a price-to-projected-earnings ratio of 14, a discount to semiconductor peers. Its PEG ratio of 0.3 represents a 46% discount to the industry average.

1. Estee Lauder

(EL) - Get Report

increased 2.3% to $60.01, hitting a high of $60.07 during the session. Shares of the cosmetics company have jumped 13% during the past month.

The numbers

: Fiscal second-quarter profit rose 62% to $256 million, or $1.28 a share, as revenue grew 10% to $2.3 billion. Estee Lauder's operating margin extended from 13% to 20%. The company holds $1.2 billion of cash and $1.4 billion of debt.

The stock

: Estee Lauder has doubled during the past year, outpacing major U.S. indices. The stock trades at a price-to-projected-earnings ratio of 18, a premium to personal products peers. But its PEG ratio of 0.2 reflects a 70% discount to the industry average.

-- Reported by Jake Lynch in Boston.