Hewlett-Packard, Broadcom, Netflix Hit Highs

Netflix, Broadcom and Hewlett-Packard hit 52-week highs Wednesday.
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BOSTON (TheStreet) -- U.S. stocks rallied Wednesday after Intel (INTC) - Get Report and JPMorgan Chase (JPM) - Get Report beat analysts' expectations. The following stocks recorded 52-week highs.

3. Netflix

(NFLX) - Get Report

jumped 1.4% to $87.57, hitting a high of $89.10. Shares of the DVD-rental company have gained 25% during the past month.

Quarter

: Fourth-quarter profit increased 36% to $31 million, or 56 cents, as revenue grew 24%. The operating margin expanded from 10% to 12%. Netflix holds $320 million of cash and $238 million of debt, amounting to a debt-to-equity ratio of 1.2.

Stock

: Netflix has advanced 83% during the past year, outperforming U.S. indices. It trades at a price-to-projected-earnings ratio of 26 and a price-to-cash-flow ratio of 13, 35% and 22% discounts to industry averages. It's expensive based on book value.

Consensus

: Of analysts covering Netflix, 10, or 29%, advise purchasing shares, 17 recommend holding and seven suggest selling them.

Barclays

(BCS) - Get Report

considers the stock fairly valued at $88. Netflix has surpassed the $85 target of

Stifel Nicolaus

(SF) - Get Report

.

2. Broadcom

(BRCM)

climbed 3.5% to $35.70, achieving a high of $35.75. Shares of the semiconductor maker have risen 9.4% during the past four weeks.

Quarter

: Broadcom swung to a fourth-quarter profit of $59 million, or 11 cents, from a loss of $159 million, or 32 cents, a year earlier. Revenue increased 19%. The operating margin quadrupled to 12%. Broadcom holds $1.9 billion of cash and no debt.

Stock

: Broadcom has appreciated 58% during the past 12 months, more than benchmarks. It sells for a price-to-projected-earnings ratio of 15 and a price-to-sales ratio of 3.7, 8% and 13% discounts to industry averages. It's expensive based on book value.

Consensus

: Of researchers following Broadcom, 27, or 68%, rate its stock "buy," 11 rate it "hold" and two rank it "sell." JPMorgan expects the stock to advance 15% to $41.

Jefferies

(JEF) - Get Report

and

Citigroup

(C) - Get Report

predict the shares will hit $40.

1. Hewlett-Packard

(HPQ) - Get Report

rose 1.4% to $54.52, hitting a high of $54.64. Shares of the personal-computer maker have jumped 4.1% during the past month.

Quarter

: Fiscal first-quarter profit widened 21% to $2.3 billion, or 93 cents, as revenue grew 8.2%. The operating margin stretched from 9.4% to 10%. Hewlett-Packard has $14 billion of cash and $16 billion of debt, converting to a debt-to-equity ratio of 0.4.

Stock

: Hewlett-Packard has returned 60% during the past year, beating U.S. indices. The stock trades at a price-to-projected-earnings ratio of 11 and a price-to-book ratio of 3, 31% and 43% discounts to peer-group averages. It's also cheap based on cash flow.

Consensus

: Of firms rating Hewlett-Packard, 29, or 78%, advocate purchasing shares and eight counsel holding them.

Credit Suisse

(CS) - Get Report

believes the stock will hit $65, leaving a potential 19% gain.

Raymond James

(RJF) - Get Report

predicts it will hit $62.

View Stockpickr's Daily 52-Week Highs Portfolio

-- Reported by Jake Lynch in Boston.