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NEW YORK ( TheStreet) -- EZChip Semiconductor (Nasdaq: EZCH) hit a new 52-week high Thursday as it is currently trading at $41.72, above its previous 52-week high of $41.67 with 141,323 shares traded as of 2:03 p.m. ET. Average volume has been 304,300 shares over the past 30 days. EZChip Semiconductor has a market cap of $912.6 million and is part of the technology sector and electronics industry. Shares are up 42.7% year to date as of the close of trading on Wednesday. EZchip, a fabless semiconductor company, engages in the development and marketing of Ethernet network processors for networking equipment. Its products include network processor chips, evaluation boards and network-processor based systems, and development software toolkits. The company has a P/E ratio of 75.4, above the average electronics industry P/E ratio of 53.2 and above the S&P 500 P/E ratio of 17.7.