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 $19.38, above its previous 52-week high of $19.25 with 500,669 shares traded as of 9:40 a.m. ET. Average volume has been 10.6 million shares over the past 30 days. Taiwan Semiconductor has a market cap of $98.93 billion and is part of the technology sector and electronics industry. Shares are up 11.4% year to date as of the close of trading on Wednesday. Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7.