How is SMH stock faring? The VanEck Semiconductor ETF is up 5.5% 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 $344.16 implies an upside of 0.23%.
Currently, SMH’s five holdings with the highest upside potential are Universal Display (OLED), Nvidia (NVDA), Texas Instruments (TXN), Synopsys (SNPS), and ON Semiconductor (ON).
Its five holdings with the greatest downside potential are Intel (INTC), Teradyne (TER), Lam Research (LRCX), KLA Corporation (KLAC), and Applied Materials (AMAT).
Nvidia shares are trending higher in pre-market trading after two analysts raised their price targets on NVDA stock, despite the multibillion-dollar chip deal between rival AMD (AMD) and OpenAI.
Revealingly, SMH’s ETF Smart Score is Eight, implying that this ETF is likely to outperform the market.
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