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NEW YORK ( TheStreet) -- Silicon Motion Technology Corporation (Nasdaq: SIMO) hit a new 52-week high Friday as it is currently trading at $17.06, above its previous 52-week high of $17 with 84,954 shares traded as of 9:50 a.m. ET. Average volume has been 585,500 shares over the past 30 days. Silicon Motion Technology has a market cap of $488.4 million and is part of the technology sector and electronics industry. Shares are up 289.4% year to date as of the close of trading on Thursday. Silicon Motion Technology Corporation, a fabless semiconductor company, designs, develops, and supplies a portfolio of multimedia data processing, storage, and transfer solutions primarily for consumer electronics applications.