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 Friday as it is currently trading at $18.40, above its previous 52-week high of $18.36 with 1.7 million shares traded as of 10:11 a.m. ET. Average volume has been 9.3 million shares over the past 30 days.

Taiwan Semiconductor has a market cap of $93.53 billion and is part of the technology sector and electronics industry. Shares are up 5.9% year to date as of the close of trading on Thursday.

Taiwan Semiconductor Manufacturing Company Limited engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company has a P/E ratio of 21.1, above the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Taiwan Semiconductor as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Taiwan Semiconductor Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

S&P 500 and Dow Score Records With Wall Street Upbeat Ahead of Fed

Nvidia Inspires Chipmaker Gains but Rest of Tech Gets Left Behind

These Apple iPhone Supplier Stocks Are Ones You Must Own Now: Goldman Sachs

These Are the 27 Companies You Must Watch Ahead of Apple's Big Launch Event

Broadcom and Others Should Be iPhone 8 Winners, but Synaptics Might Be a Loser