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NEW YORK ( TheStreet) -- Atmel Corporation (Nasdaq: ATML) hit a new 52-week low Monday as it is currently trading at $6.42, below its previous 52-week low of $6.49 with 368,320 shares traded as of 9:45 a.m. ET. Average volume has been seven million shares over the past 30 days. Atmel has a market cap of $2.91 billion and is part of the technology sector and electronics industry. Shares are down 19% year to date as of the close of trading on Friday. Atmel Corporation designs, develops, manufactures, and sells semiconductor integrated circuit (IC) products. The company has a P/E ratio of 11.3, below the average electronics industry P/E ratio of 11.5 and below the S&P 500 P/E ratio of 17.7.