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NEW YORK ( TheStreet) -- Qualcomm (Nasdaq: QCOM) hit a new 52-week high Monday as it is currently trading at $65.82, above its previous 52-week high of $65.62 with 286,000 shares traded as of 9:30 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 19.6% year to date as of the close of trading on Friday. QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. The company has a P/E ratio of 23.7, above the average telecommunications industry P/E ratio of 23.3 and above the S&P 500 P/E ratio of 17.7.