How is SMH stock faring? The VanEck Semiconductor ETF has declined 2.2% over the past five days but remains up 34% year-to-date.
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SMH Fund Flows and Sentiment
The SMH ETF tracks the performance of the MVIS US Listed Semiconductor 25 index ETF. Recently, it has drawn considerable attention due to high-profile deals being conducted in the AI sector. However, on October 10, the ETF witnessed net outflows of $17.26 million amid rising concerns over the U.S.-China trade war.
President Donald Trump announced on Friday that he would impose 100% tariffs on Chinese imports, prompting a global stock selloff. The three major U.S. indexes closed sharply lower following the announcement.
Today’s SMH ETF Performance
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 $360.34 implies an upside of 6.6%.
Currently, SMH’s five holdings with the highest upside potential are Universal Display (OLED), Synopsys (SNPS), ON Semiconductor (ON), Microchip Technology (MCHP), and NXP Semiconductors (NXPI).
Its five holdings with the greatest downside potential are Intel (INTC), Lam Research (LRCX), Teradyne (TER), Applied Materials (AMAT), and Skyworks Solutions (SWKS).
Revealingly, SMH’s ETF Smart Score is Eight, implying that this ETF is likely to outperform the market.
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