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NEW YORK ( TheStreet) -- Cirrus Logic (Nasdaq: CRUS) hit a new 52-week high Friday as it is currently trading at $37.53, above its previous 52-week high of $37.27 with 1.2 million shares traded as of 10:35 a.m. ET. Average volume has been 2.8 million shares over the past 30 days. Cirrus Logic has a market cap of $2.32 billion and is part of the technology sector and electronics industry. Shares are up 126.6% year to date as of the close of trading on Thursday. Cirrus Logic, Inc., a fabless semiconductor company, develops and sells high-precision analog and mixed-signal integrated circuits (ICs) for audio and energy markets worldwide. The company has a P/E ratio of 28.5, above the average electronics industry P/E ratio of 27.8 and above the S&P 500 P/E ratio of 17.7.