NEW YORK ( TheStreet) -- Intel (Nasdaq: INTC) hit a new 52-week high Wednesday as it is currently trading at $24.39, above its previous 52-week high of $23.96 with 30.8 million shares traded as of 10:05 a.m. ET. Average volume has been 62.9 million shares over the past 30 days.

Intel has a market cap of $122.2 billion and is part of the technology sector and electronics industry. Shares are up 11.3% year to date as of the close of trading on Tuesday.

Intel Corporation engages in the design, manufacture, and sale of integrated circuits for computing and communications industries worldwide. The company has a P/E ratio of 10.8, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Intel 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, solid stock price performance, growth in earnings per share and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Intel Ratings Report.

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