Investors focused on the Computer and Technology space have likely heard of Taiwan Semiconductor Manufacturing Company (TSM Quick QuoteTSM - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

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 groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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).

The Zacks Consensus Estimate for TSM's full-year earnings has moved 10.85% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, TSM has moved about 50.88% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 28.15%. As we can see, Taiwan Semiconductor Manufacturing Company is performing better than its sector in the calendar year.

To break things down more, TSM belongs to the Semiconductor - Circuit Foundry industry, a group that includes 1 individual companies and currently sits at #7 in the Zacks Industry Rank. On average, this group has gained an average of 52.60% so far this year, meaning that TSM is slightly underperforming its industry in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on TSM as it attempts to continue its solid performance.