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NEW YORK ( TheStreet) -- Qualcomm (Nasdaq: QCOM) hit a new 52-week high Friday as it is currently trading at $63.88, above its previous 52-week high of $63.81 with 2.5 million shares traded as of 10:30 a.m. ET. Average volume has been 13.8 million shares over the past 30 days. Qualcomm has a market cap of $99.03 billion and is part of the technology sector and telecommunications industry. Shares are up 15.8% year to date as of the close of trading on Thursday. QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. The company has a P/E ratio of 22.8, below the average telecommunications industry P/E ratio of 23.3 and above the S&P 500 P/E ratio of 17.7.