Standard Microsystems Stock Hits New 52-Week High (SMSC)

NEW YORK ( TheStreet) -- Standard Microsystems Corporation (Nasdaq: SMSC) hit a new 52-week high Wednesday as it is currently trading at $36.29, above its previous 52-week high of $28.25 with 8.7 million shares traded as of 10 a.m. ET. Average volume has been 129,600 shares over the past 30 days.

Standard Microsystems has a market cap of $593.5 million and is part of the technology sector and electronics industry. Shares are up 1.8% year to date as of the close of trading on Tuesday.

Standard Microsystems Corporation designs and sells a range of silicon-based integrated circuits that utilize analog and mixed-signal technologies worldwide. The company has a P/E ratio of 57.6, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Standard Microsystems as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. 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 Standard Microsystems Ratings Report.

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