NEW YORK ( TheStreet) -- Atmel Corporation (Nasdaq: ATML) hit a new 52-week low Monday as it is currently trading at $5.83, below its previous 52-week low of $5.93 with 308,442 shares traded as of 9:40 a.m. ET. Average volume has been six million shares over the past 30 days. Atmel has a market cap of $2.84 billion and is part of the technology sector and electronics industry. Shares are down 25.1% 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, below the average electronics industry P/E ratio of 11.2 and below the S&P 500 P/E ratio of 17.7.
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