Is Taiwan Semiconductor Manufacturing Company (TSM) Outperforming Other Computer and Technology Stocks This Year? – October 26, 2020

Buyers targeted on the Laptop and Expertise area have doubtless heard of Taiwan Semiconductor Manufacturing Firm (TSM – Free Report) , however is the inventory performing properly compared to the remainder of its sector friends? One easy approach to reply this query is to try the year-to-date efficiency of TSM and the remainder of the Laptop and Expertise group’s shares.

Taiwan Semiconductor Manufacturing Firm is considered one of 612 particular person shares within the Laptop and Expertise sector. Collectively, these corporations sit at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 totally different teams, measuring the common Zacks Rank of the person shares inside the sector to gauge the energy of every group.

The Zacks Rank is a confirmed mannequin that highlights quite a lot of shares with the appropriate traits to outperform the market over the subsequent one to 3 months. The system emphasizes earnings estimate revisions and favors corporations with bettering earnings outlooks. TSM is at present sporting a Zacks Rank of #2 (Purchase).

Over the previous three months, the Zacks Consensus Estimate for TSM’s full-year earnings has moved 10.85% larger. Which means analyst sentiment is stronger and the inventory’s earnings outlook is bettering.

Primarily based on the newest obtainable information, TSM has gained about 52% to date this yr. As compared, Laptop and Expertise corporations have returned a mean of 28.48%. Which means Taiwan Semiconductor Manufacturing Firm is performing higher than its sector by way of year-to-date returns.

Trying extra particularly, TSM belongs to the Semiconductor – Circuit Foundry trade, a gaggle that features 1 particular person shares and at present sits at #10 within the Zacks Business Rank. This group has gained a mean of 53.72% to date this yr, so TSM is barely underperforming its trade on this space.

Buyers with an curiosity in Laptop and Expertise shares ought to proceed to trace TSM. The inventory will probably be seeking to proceed its strong efficiency.