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NEW YORK ( TheStreet) -- Power Integrations (Nasdaq: POWI) hit a new 52-week high Friday as it is currently trading at $42.50, above its previous 52-week high of $39.98 with 138,171 shares traded as of 9:40 a.m. ET. Average volume has been 202,500 shares over the past 30 days. Power Integrations has a market cap of $1.08 billion and is part of the technology sector and electronics industry. Shares are up 12.2% year to date as of the close of trading on Thursday. Power Integrations, Inc. designs, develops, manufactures, and markets proprietary, high-voltage, analog, and mixed-signal integrated circuits (ICs) in the United States and internationally. The company has a P/E ratio of 33.5, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.