NetLogic Microsystems Stock Hits New 52-Week High (NETL)

NEW YORK ( TheStreet) -- NetLogic Microsystems (Nasdaq: NETL) hit a new 52-week high Monday as it is currently trading at $48.56, above its previous 52-week high of $48.53 with 232,882 shares traded as of 10:20 a.m. ET. Average volume has been 3.5 million shares over the past 30 days.

NetLogic Microsystems has a market cap of $3.4 billion and is part of the technology sector and electronics industry. Shares are up 54.4% year to date as of the close of trading on Friday.

NetLogic Microsystems, Inc., a fabless semiconductor company, together with its subsidiaries, designs, develops, and sells processors and integrated circuits used in mobile wireless infrastructure, data center, enterprise, metro Ethernet, and edge and core infrastructure networks.
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TheStreet Ratings rates NetLogic Microsystems as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and feeble growth in the company's earnings per share. You can view the full NetLogic Microsystems Ratings Report.

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