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NEW YORK ( TheStreet) -- Taiwan Semiconductor Manufacturing (NYSE: TSM) hit a new 52-week high Thursday as it is currently trading at $15.55, above its previous 52-week high of $15.52 with 5.4 million shares traded as of 10:35 a.m. ET. Average volume has been eight million shares over the past 30 days. Taiwan Semiconductor has a market cap of $77.02 billion and is part of the technology sector and electronics industry. Shares are up 15.5% year to date as of the close of trading on Wednesday. Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided designing, manufacturing, packaging, testing, and selling integrated circuits and other semiconductor devices; and manufacturing masks. The company has a P/E ratio of 17.3, below the average electronics industry P/E ratio of 17.4 and below the S&P 500 P/E ratio of 17.7.