Taiwan Semiconductor Stock Hits New 52-Week High (TSM)

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.

TheStreet Ratings rates Taiwan Semiconductor as a buy. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Taiwan Semiconductor Ratings Report.

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