Traders centered on the Laptop and Expertise house have probably heard of Taiwan Semiconductor Manufacturing Firm (TSM – Free Report) , however is the inventory performing effectively compared to the remainder of its sector friends? One easy strategy to reply this query is to check out the year-to-date efficiency of TSM and the remainder of the Laptop and Expertise group’s shares.
Taiwan Semiconductor Manufacturing Firm is one in every of 612 particular person shares within the Laptop and Expertise sector. Collectively, these firms 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 throughout the sector to gauge the power of every group.
The Zacks Rank is a confirmed mannequin that highlights a wide range of shares with the appropriate traits to outperform the market over the subsequent one to a few months. The system emphasizes earnings estimate revisions and favors firms with enhancing earnings outlooks. TSM is presently 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% increased. Which means that analyst sentiment is stronger and the inventory’s earnings outlook is enhancing.
Based mostly on the most recent out there information, TSM has gained about 52% thus far this yr. Compared, Laptop and Expertise firms have returned a mean of 28.48%. Which means that Taiwan Semiconductor Manufacturing Firm is performing higher than its sector when it comes to year-to-date returns.
Trying extra particularly, TSM belongs to the Semiconductor – Circuit Foundry business, a bunch that features 1 particular person shares and presently sits at #10 within the Zacks Business Rank. This group has gained a mean of 53.72% thus far this yr, so TSM is barely underperforming its business on this space.
Traders with an curiosity in Laptop and Expertise shares ought to proceed to trace TSM. The inventory will probably be trying to proceed its strong efficiency.