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NEW YORK ( TheStreet) -- Silicon Motion Technology Corporation (Nasdaq: SIMO) hit a new 52-week high Tuesday as it is currently trading at $15.02, above its previous 52-week high of $15 with 397,089 shares traded as of 11:26 a.m. ET. Average volume has been 551,400 shares over the past 30 days. Silicon Motion Technology has a market cap of $456.2 million and is part of the technology sector and electronics industry. Shares are up 247.1% year to date as of the close of trading on Monday. Silicon Motion Technology Corporation, together with its subsidiaries, operates as a fabless semiconductor company. It designs, develops, markets, and supplies a portfolio of multimedia data processing, storage, and transfer solutions primarily for consumer electronics applications.