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NEW YORK ( TheStreet) -- NetLogic Microsystems (Nasdaq: NETL) hit a new 52-week high Thursday as it is currently trading at $49.98, above its previous 52-week high of $49.90 with 137,409 shares traded as of 9:35 a.m. ET. Average volume has been one million shares over the past 30 days. NetLogic Microsystems has a market cap of $3.46 billion and is part of the technology sector and electronics industry. Shares are up 0.5% year to date as of the close of trading on Wednesday. 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.