Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK (

TheStreet

) --

Cirrus Logic

(Nasdaq:

CRUS

) hit a new 52-week high Thursday as it is currently trading at $40.93, above its previous 52-week high of $40 with 1.4 million shares traded as of 11:15 a.m. ET. Average volume has been 2.9 million shares over the past 30 days.

Cirrus Logic has a market cap of $2.44 billion and is part of the

technology

sector and

electronics

industry. Shares are up 147.6% year to date as of the close of trading on Wednesday.

Cirrus Logic, Inc., a fabless semiconductor company, develops and sells high-precision analog and mixed-signal integrated circuits (ICs) for audio and energy markets worldwide. The company has a P/E ratio of 31.1, above the average electronics industry P/E ratio of 30 and above the S&P 500 P/E ratio of 17.7.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

TheStreet Ratings rates Cirrus Logic as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Cirrus Logic Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null