MIPS Technologies Climbs 10% To 52-Week High (MIPS, SNE, CSCO, HPQ)

Shares of MIPS Technologies, Inc. MIPS are currently up 10.1% at $16.59 per share during Monday afternoon trading. The stock has been climbing higher since receiving positive mention last week on Jim Cramer's Mad Money. Today's trading range for shares of MIPS Technologies, Inc has been between $15.22 and a 52-week high of $16.75 per share. The consensus price target of analysts covering the company's stock is $12.67 per share. Volume of 4.8 million shares is already more than double the daily average volume of 2.4 million shares. MIPS Technologies, Inc. (MIPS) is a leading provider of industry-standard processor architectures and cores that power some of the world's most popular products for the home entertainment, communications, networking and portable multimedia markets. These include broadband devices from Linksys, DTVs and digital consumer devices from Sony Corporation SNE, DVD recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco Systems, Inc. CSCO, 32-bit microcontrollers from Microchip Technology and laser printers from Hewlett-Packard Company HPQ. Read more from Benzinga's Company news.