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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Maxim Integrated Products (Nasdaq: MXIM) hit a new 52-week high Wednesday as it is currently trading at $30.30, above its previous 52-week high of $30.28 with 1.6 million shares traded as of 2:40 p.m. ET. Average volume has been 2.4 million shares over the past 30 days. Maxim Integrated has a market cap of $8.69 billion and is part of the technology sector and electronics industry. Shares are up 14.4% year to date as of the close of trading on Tuesday. Maxim Integrated Products, Inc. engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. The company also provides various high-frequency process technologies and capabilities for use in custom designs. The company has a P/E ratio of 25.5, above the S&P 500 P/E ratio of 17.7.