NetLogic Microsystems Reaches New 52-Week High (NETL)

NEW YORK ( TheStreet) -- NetLogic Microsystems (Nasdaq: NETL) hit a new 52-week high Wednesday as it is currently trading at $49.26, above its previous 52-week high of $49.25 with 1.1 million shares traded as of 2:10 p.m. ET. Average volume has been 3.6 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 56.3% year to date as of the close of trading on Tuesday.

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.
  • Practice your NETL trading strategies and win cash in our stock game.

TheStreet Ratings rates NetLogic Microsystems as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. 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.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%