NEW YORK ( TheStreet) -- Qualcomm (Nasdaq: QCOM) hit a new 52-week high Tuesday as it is currently trading at $68.82, above its previous 52-week high of $68.71 with 2.2 million shares traded as of 10:15 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 25.4% year to date as of the close of trading on Monday. QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. The company has a P/E ratio of 24.2, above the average telecommunications industry P/E ratio of 23.3 and above the S&P 500 P/E ratio of 17.7.
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