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

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) -- Taiwan Semiconductor Manufacturing (NYSE: TSM) hit a new 52-week high Thursday as it is currently trading at $16.16, above its previous 52-week high of $16.15 with 15.2 million shares traded as of 4:03 p.m. ET. Average volume has been 12.6 million shares over the past 30 days.

Taiwan Semiconductor has a market cap of $82.95 billion and is part of the technology sector and electronics industry. Shares are up 23.9% 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 18.6, above the average electronics industry P/E ratio of 18.1 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Taiwan Semiconductor as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Taiwan Semiconductor Ratings Report.

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