NEW YORK ( TheStreet) -- Texas Instruments (NYSE: TXN) hit a new 52-week high Thursday as it traded at $36.57 compared with its previous 52-Week high of $36.55. Texas Instruments is changing hands at $36.54 with 7.1 million shares traded as of 1:17 p.m. ET. Average volume has been 8.8 million shares over the past 30 days.

Texas Instruments has a market cap of $41 billion and is part of the technology sector and electronics industry. Shares are up 11.2% year to date as of the close of trading on Wednesday.

Texas Instruments Incorporated engages in the design and sale of semiconductors to electronics designers and manufacturers worldwide. The company has a P/E ratio of 13.4, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 21.5.

TheStreet Ratings rates Texas Instruments 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, notable return on equity, solid stock price performance and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Texas Instruments Ratings Report.

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