NEW YORK ( TheStreet) -- NetLogic Microsystems (Nasdaq: NETL) hit a new 52-week high Monday as it is currently trading at $49.40, above its previous 52-week high of $49.39 with 1.9 million shares traded as of 3:30 p.m. ET. Average volume has been 3.4 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 57% 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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