How is SMH stock faring? The VanEck Semiconductor ETF is up 3.4% in the past 5 days, and up 39% year-to-date.
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According to TipRanks’ unique ETF analyst consensus, which is based on a weighted average of analyst ratings on its holdings, SMH is a Moderate Buy. The Street’s average price target of $348.34 implies an upside of 3.5%.
Currently, SMH’s five holdings with the highest upside potential are Universal Display (OLED), Synopsys (SNPS), Texas Instruments (TXN), ON Semiconductor (ON), and STMicroelectronics (STM).
Its five holdings with the greatest downside potential are Intel (INTC), Teradyne (TER), Lam Research (LRCX), ASML Holding (ASML), and KLA Corporation (KLAC).
ASML stock is trending higher in pre-market trading after J.P. Morgan analyst Sandeep Deshpande raised the price target from $957 to $1,175 and maintained his Buy rating. The revised target implies 13.8% upside potential.
Revealingly, SMH’s ETF Smart Score is Eight, implying that this ETF is likely to outperform the market.
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