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Shares of International Rectifier Corp. (NYSE:IRF) hit a new 52-week high on Thursday , American Banking & Market News reports. The company traded as high as $39.51 and last traded at $39.42, with a volume of 484,182 shares traded. The stock had previously closed at $39.40.

A number of research firms have recently commented on IRF. Analysts at S&P Equity Research reiterated an “average” rating on shares of International Rectifier Corp. in a research note on Thursday, August 21st. They now have a $21.25 price target on the stock, up previously from $19.14. Separately, analysts at Goldman Sachs upgraded shares of International Rectifier Corp. from a “sell” rating to a “neutral” rating in a research note on Thursday, August 21st. They now have a $31.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of International Rectifier Corp. from $28.00 to $40.00 in a research note on Thursday, August 21st. They now have a “market perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. International Rectifier Corp. presently has an average rating of “Hold” and an average price target of $31.04.

The stock’s 50-day moving average is $29.86 and its 200-day moving average is $27.71. The company has a market cap of $2.818 billion and a price-to-earnings ratio of 48.64.

International Rectifier Corp. (NYSE:IRF) last released its earnings data on Wednesday, August 20th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.01. The company had revenue of $297.60 million for the quarter. During the same quarter last year, the company posted ($0.02) earnings per share. International Rectifier Corp.’s revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that International Rectifier Corp. will post $1.52 earnings per share for the current fiscal year.

International Rectifier Corporation (NYSE:IRF) designs, manufactures and markets power management semiconductors.

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