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Taiwan Semiconductor Manufacturing Company Ltd. (TSM) - free report >>
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Taiwan Semiconductor Manufacturing Company Ltd. (TSM) - free report >>
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Has Taiwan Semiconductor Manufacturing Company (TSM) Outpaced Other Computer and Technology Stocks This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Taiwan Semiconductor Manufacturing Company (TSM - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Taiwan Semiconductor Manufacturing Company is a member of the Computer and Technology sector. This group includes 615 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TSM is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TSM's full-year earnings has moved 10.85% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, TSM has gained about 67.80% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 33.42% on a year-to-date basis. As we can see, Taiwan Semiconductor Manufacturing Company is performing better than its sector in the calendar year.
Looking more specifically, TSM belongs to the Semiconductor - Circuit Foundry industry, which includes 1 individual stocks and currently sits at #10 in the Zacks Industry Rank. On average, stocks in this group have gained 69.52% this year, meaning that TSM is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track TSM. The stock will be looking to continue its solid performance.