How is SMH stock faring? The VanEck Semiconductor ETF has gained 6.2% over the past five days and remains up nearly 52% year-to-date.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
What Moved the Market
The SMH ETF tracks the performance of the MVIS US Listed Semiconductor 25 index. Recently, it has drawn considerable attention due to high-profile deals being conducted in the AI sector.
The SMH ETF is moving lower primarily because shares of some of its top 10 Holdings, including Nvidia (NVDA), Broadcom (AVGO), are trending lower in regular trading today.
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 $381.85 implies an upside of about 4%.
Currently, SMH’s five holdings with the highest upside potential are STMicroelectronics (STM), Universal Display (OLED), Microchip Technologies (MCHP), Synopsys (SNPS), and NXP Semiconductors (NXPI).
Its five holdings with the greatest downside potential are Intel (INTC), Teradyne (TER), KLA Corporation (KLAC), Applied Materials (AMAT), and Monolithic Power (MPWR).
Revealingly, SMH’s ETF Smart Score is Eight, implying that this ETF is likely to outperform the market.
Power up your ETF investing with TipRanks. Discover the Top Equity ETFs with High Upside Potential, carefully curated based on TipRanks’ analysis.