The stock's valuation has risen, but its outlook remains bright.Shares of Taiwan Semiconductor Manufacturing (TSM 0.58%), or TSMC for short, climbed higher after the semiconductor contract manufacturer reported strong third-quarter results and offered an upbeat outlook. The stock has now about doubled year to date.With its strong performance this year and recent jump in share price, investors may be wondering if it is too late to buy the stock.Let's take a closer look at TSMC's most recent quarter and deter ...