How is SMH stock faring? The VanEck Semiconductor ETF has gained 1.4% over the past five days and remains up nearly 50% year-to-date.
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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 higher primarily because shares of some of its top 10 holdings, including Nvidia (NVDA), Taiwan Semiconductor (TSM), and Micron (MU) are trending higher 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 $388.58 implies an upside of about 7%.
Currently, SMH’s five holdings with the highest upside potential are STMicroelectronics (STM), Microchip Technologies (MCHP), Synopsys (SNPS), NXP Semiconductors (NXPI), and Texas Instruments (TXN).
Its five holdings with the greatest downside potential are Intel (INTC), Applied Materials (AMAT), Teradyne (TER), Micron, and Marvell Technology (MRVL).
Revealingly, SMH’s ETF Smart Score is Eight, implying that this ETF is likely to outperform the market.
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