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NEW YORK ( TheStreet) -- Cadence Design Systems (Nasdaq: CDNS) hit a new 52-week high Thursday as it is currently trading at $15.85, above its previous 52-week high of $15.82 with 400,766 shares traded as of 10:41 a.m. ET. Average volume has been 2.4 million shares over the past 30 days. Cadence Design Systems has a market cap of $4.45 billion and is part of the technology sector and computer software & services industry. Shares are up 16.4% year to date as of the close of trading on Wednesday. Cadence Design Systems, Inc. develops, sells or leases, licenses, and maintains electronic design automation (EDA) software, hardware, verification intellectual property (VIP), and design intellectual property (Design IP) for semiconductor and electronics systems companies worldwide.