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Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) traded at a new 52-week high today of $145.00. So far today approximately 26.7 million shares have been exchanged, as compared to an average 30-day volume of 9.8 million shares.
In the past 52 weeks, shares of Taiwan Semiconductor Manufacturing Company Ltd. have traded between a low of $107.58 and a high of $145.00 and is now at $139.28, which is 29% above that low price.
Based on a current price of $139.28, Taiwan Semiconductor Manufacturing Company Ltd. is currently 20.6% above its average consensus analyst price target of $110.56.
Taiwan Semiconductor Manufacturing Company, or TSMC, is the world's largest dedicated chip foundry, with over 50% market share in 2019 per Gartner. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs.
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