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) -- Applied Materials (Nasdaq: AMAT) hit a new 52-week high Thursday as it is currently trading at $14.04, above its previous 52-week high of $13.99 with 5.1 million shares traded as of 11:01 a.m. ET. Average volume has been 12.7 million shares over the past 30 days. Applied has a market cap of $16.12 billion and is part of the technology sector and electronics industry. Shares are up 17.4% year to date as of the close of trading on Wednesday. Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. The company has a P/E ratio of 447.7, above the S&P 500 P/E ratio of 17.7.