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NEW YORK ( TheStreet) -- Tessera Technologies (Nasdaq: TSRA) hit a new 52-week low Monday as it is currently trading at $11.77, below its previous 52-week low of $11.83 with 5,510 shares traded as of 9:30 a.m. ET. Average volume has been 654,100 shares over the past 30 days. Tessera has a market cap of $628.8 million and is part of the technology sector and electronics industry. Shares are down 46.1% year to date as of the close of trading on Friday. Tessera Technologies, Inc. develops, licenses, and delivers miniaturization technologies and products for electronic devices worldwide. It operates in two segments, Micro-electronics, and Imaging and Optics. The company has a P/E ratio of 11.3, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.