NEW YORK ( TheStreet) -- Semtech Corporation (Nasdaq: SMTC) hit a new 52-week high Tuesday as it traded at $25.92 compared with its previous 52-Week high of $25.72. Semtech is changing hands at $25.74 with 135,508 shares traded as of 9:37 a.m. ET. Average volume has been 669,200 shares over the past 30 days. Semtech has a market cap of $1.6 billion and is part of the technology sector and electronics industry. Shares are up 7.6% year to date as of the close of trading on Monday. Semtech Corporation, together with its subsidiaries, engages in the design, development, manufacture, and marketing of analog and mixed-signal semiconductor products. The company has a P/E ratio of 22.1, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.8.
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