NEW YORK ( TheStreet) -- Standard Microsystems Corporation (Nasdaq: SMSC) hit a new 52-week high Wednesday as it is currently trading at $36.29, above its previous 52-week high of $28.25 with 8.7 million shares traded as of 10 a.m. ET. Average volume has been 129,600 shares over the past 30 days. Standard Microsystems has a market cap of $593.5 million and is part of the technology sector and electronics industry. Shares are up 1.8% year to date as of the close of trading on Tuesday. Standard Microsystems Corporation designs and sells a range of silicon-based integrated circuits that utilize analog and mixed-signal technologies worldwide. The company has a P/E ratio of 57.6, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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