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NEW YORK ( TheStreet) -- Maxim Integrated Products (Nasdaq: MXIM) hit a new 52-week high Friday as it is currently trading at $29.32, above its previous 52-week high of $29.25 with 1.4 million shares traded as of 10:45 a.m. ET. Average volume has been 2.2 million shares over the past 30 days. Maxim Integrated has a market cap of $7.97 billion and is part of the technology sector and electronics industry. Shares are up 5% year to date as of the close of trading on Thursday. Maxim Integrated Products, Inc. engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. The company also provides various high-frequency process technologies and capabilities for use in custom designs. The company has a P/E ratio of 17.1, below the average electronics industry P/E ratio of 17.2 and below the S&P 500 P/E ratio of 17.7.