NEW YORK ( TheStreet) -- Atheros Communications (Nasdaq: ATHR) hit a new 52-week high Wednesday as it traded at $44.83 compared with its previous 52-Week high of $44.82. Atheros is changing hands at $44.82 with 640,847 shares traded as of 12:55 p.m. ET. Average volume has been 3.3 million shares over the past 30 days.

Atheros has a market cap of $3.3 billion and is part of the technology sector and electronics industry. Shares are up 24.7% year to date as of the close of trading on Tuesday.

Atheros Communications, Inc. develops semiconductor system solutions for communication products. Its products include solutions for wireless local area network (WLAN), mobile WLAN, Ethernet, Bluetooth, global positioning system (GPS), and powerline communications. The company has a P/E ratio of 59.8, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 21.9.

TheStreet Ratings rates Atheros as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Atheros Ratings Report.

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