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NEW YORK ( TheStreet) -- Silicon Laboratories (Nasdaq: SLAB) hit a new 52-week high Wednesday as it is currently trading at $47.82, above its previous 52-week high of $47.74 with 110,302 shares traded as of 9:34 a.m. ET. Average volume has been 350,000 shares over the past 30 days. Silicon has a market cap of $1.9 billion and is part of the technology sector and electronics industry. Shares are up 8.4% year to date as of the close of trading on Tuesday. Silicon Laboratories Inc., a fabless semiconductor company, designs, develops, and markets mixed-signal analog intensive integrated circuits (ICs). The company has a P/E ratio of 57.4, above the average electronics industry P/E ratio of 56.7 and above the S&P 500 P/E ratio of 17.7.