Mid Cap Stocks At 52-Week Highs: Friday’s Full List
A handful of technology names are hitting new highs even as the broader market slips.
HP (HPQ), with a market value of about $32.7 billion, has gained 22.4% over the last month to reach its strongest price of the past year. As of Friday, September 11, 5 Mid Cap US and Canada-listed stocks in the Trefis coverage universe are trading at their 52-week highs.
This small group, which includes 3 names from the Information Technology sector, is showing strength while the S&P 500 has returned -1.1% over the last month. The question is whether the business results for these companies support their new valuations.
Friday’s Full 52-Week-High List
The table below lists all 5 names this screen surfaced, largest first, with one-day, one-week, one-month, and one-year returns:
This screen covers US and Canada-listed stocks in the Trefis coverage universe. Mid Cap here means a market value between $10 billion and $40 billion, the upper figure excluded.
| Tickers | Market Cap |
1D % Chg |
1W % Chg |
1M % Chg |
1Y % Chg |
|---|---|---|---|---|---|
| HPQ | $32.71 Bil | 8.4% | 12.2% | 22.4% | 31.4% |
| EXPD | $25.22 Bil | 1.7% | 2.9% | 4.4% | 60.4% |
| BBY | $19.1 Bil | 3.1% | 3.8% | 9.4% | 25.1% |
| SWKS | $13.29 Bil | 5.1% | 23.6% | 26.8% | 23.9% |
| QRVO | $10.27 Bil | 3.8% | 16.2% | 18.7% | 30.8% |
The list’s semiconductor names show a wide gap between price and performance.
Skyworks Solutions (SWKS) posted the strongest one-month run on the list, up 26.8%. The stock now trades at 45.8 times trailing earnings, while its revenue grew just 0.1% over the last twelve months and its operating margin was 8.7%. Fellow semiconductor name Qorvo (QRVO) also reached a new high, trading at 25.7 times trailing earnings even as its revenue declined 0.2% over the last twelve months, with an operating margin of 15.4%.
A new high is a starting point for diligence, not a finish line.
Stocks trading at their highest price of the year are clearly attracting capital. Strength often persists. But a price is just a price, not a final verdict on a company’s quality or future prospects.
The disciplined move is to treat a new high as a signal to look closer. The key is to ask whether the underlying business performance, from revenue growth to margins, truly earns the market’s current enthusiasm.
Before chasing any name on this list, ask what the company itself expects next. Our Guidance Momentum screen surfaces the stocks whose managements just raised their own outlooks.
New Highs Fade. Discipline Compounds
Some of the names on this list will keep setting highs for years, and some are at the top of their run right now. Sorting one from the other, name by name, every day, is the work most investors never keep up with.
That sorting is what the Trefis High Quality (HQ) Portfolio does systematically: about 30 quality businesses screened for the fundamentals that sustain a run, held with rules instead of excitement. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Use the high list for ideas; use the portfolio for the compounding.