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NEW YORK ( TheStreet) -- EZChip Semiconductor (Nasdaq: EZCH) hit a new 52-week high Thursday as it is currently trading at $46.20, above its previous 52-week high of $45.75 with 147,255 shares traded as of 10:35 a.m. ET. Average volume has been 268,300 shares over the past 30 days. EZChip Semiconductor has a market cap of $1.18 billion and is part of the technology sector and electronics industry. Shares are up 54.1% 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 154.6, below the average electronics industry P/E ratio of 155.9 and above the S&P 500 P/E ratio of 17.7.