Wunderlich, the brokerage firm, has recently decreased the rating on NetLogic (NETL). They lowered the rating from Buy to Hold. The brokerage firm believes the company is on the downswing and there could be potential savings or capital preservation in selling the stock now. The target price is currently set at $50 per share by the brokerage firm. Shares of NETL traded higher by 50.99% or $16.27/share to $48.18. In the past year, the shares have traded as low as $22.95 and as high as $43.71. On average, 1502760 shares of NETL exchange hands on a given day and today's volume is recorded at 42265464.
