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NEW YORK ( TheStreet) -- Semtech Corporation (Nasdaq: SMTC) hit a new 52-week high Thursday as it is currently trading at $29.54, above its previous 52-week high of $29.49 with 33,201 shares traded as of 10:10 a.m. ET. Average volume has been 494,300 shares over the past 30 days. Semtech has a market cap of $1.9 billion and is part of the technology sector and electronics industry. Shares are up 18.5% year to date as of the close of trading on Wednesday. Semtech Corporation, together with its subsidiaries, designs, produces, and markets analog and mixed-signal semiconductor products. The company has a P/E ratio of 18.6, below the average electronics industry P/E ratio of 19 and above the S&P 500 P/E ratio of 17.7.