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NEW YORK ( TheStreet) -- Mellanox Technologies (Nasdaq: MLNX) hit a new 52-week high Friday as it is currently trading at $38.96, above its previous 52-week high of $38.70 with 37,137 shares traded as of 10:15 a.m. ET. Average volume has been 247,700 shares over the past 30 days. Mellanox has a market cap of $1.26 billion and is part of the technology sector and electronics industry. Shares are up 16.8% year to date as of the close of trading on Thursday. Mellanox Technologies, Ltd., a fabless semiconductor company, engages in the design, development, marketing, and sale of interconnect products primarily in North America, Israel, Europe, and Asia. The company has a P/E ratio of 35.4, below the average electronics industry P/E ratio of 266.1 and above the S&P 500 P/E ratio of 17.7.