NetLogic Microsystems Reaches New 52-Week High (NETL)

NEW YORK ( TheStreet) -- NetLogic Microsystems (Nasdaq: NETL) hit a new 52-week high Tuesday as it is currently trading at $49.63, above its previous 52-week high of $49.60 with 648,055 shares traded as of 3:25 p.m. ET. Average volume has been 1.5 million shares over the past 30 days.

NetLogic Microsystems has a market cap of $3.45 billion and is part of the technology sector and electronics industry. Shares are up 57.8% 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.

TheStreet Ratings rates NetLogic Microsystems as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full NetLogic Microsystems Ratings Report.

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