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NEW YORK ( TheStreet) -- Mellanox Technologies (Nasdaq: MLNX) hit a new 52-week high Tuesday as it is currently trading at $43.39, above its previous 52-week high of $42.50 with 58,114 shares traded as of 9:35 a.m. ET. Average volume has been 280,200 shares over the past 30 days. Mellanox has a market cap of $1.67 billion and is part of the technology sector and electronics industry. Shares are up 28.1% year to date as of the close of trading on Monday. Mellanox technologies, Ltd., a fabless semiconductor company, produces and supplies interconnect products for computing, storage, and communication applications in the computing, Web 2.0, storage, financial services, database, and cloud markets. The company has a P/E ratio of 158.2, below the average electronics industry P/E ratio of 160.4 and above the S&P 500 P/E ratio of 17.7.