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NEW YORK ( TheStreet) -- Synopsys (Nasdaq: SNPS) hit a new 52-week high Tuesday as it is currently trading at $29.38, above its previous 52-week high of $29.35 with 83,669 shares traded as of 10:25 a.m. ET. Average volume has been 923,200 shares over the past 30 days. Synopsys has a market cap of $4.21 billion and is part of the technology sector and electronics industry. Shares are up 7.4% year to date as of the close of trading on Monday. Synopsys, Inc. provides core electronic design automation (EDA) solutions primarily in the United States, Europe, Japan, and the rest of Asia Pacific. The company has a P/E ratio of 19.9, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.