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NEW YORK ( TheStreet) -- Cirrus Logic (Nasdaq: CRUS) hit a new 52-week high Thursday as it is currently trading at $25.53, above its previous 52-week high of $24.85 with 1.2 million shares traded as of 9:35 a.m. ET. Average volume has been 2.1 million shares over the past 30 days. Cirrus Logic has a market cap of $1.33 billion and is part of the technology sector and electronics industry. Shares are up 31.2% year to date as of the close of trading on Wednesday. Cirrus Logic, Inc., a fabless semiconductor company, develops high-precision analog and mixed-signal integrated circuits (ICs) for audio and energy markets worldwide. The company has a P/E ratio of 8.9, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.