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SMH - ETF AI Analysis
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VanEck Semiconductor ETF (SMH)
Rating:76Outperform
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown solid gains over the past month and quarter, indicating positive recent momentum in its holdings.
Leading Semiconductor Holdings
Many of the top positions, such as Micron, Lam Research, ASML, KLA, Intel, AMD, and Applied Materials, have delivered strong year-to-date performance, helping drive the fund’s returns.
Large Asset Base
The fund manages a very large pool of assets, which can support liquidity and trading efficiency for investors.
Negative Factors
High Stock Concentration
A significant portion of the portfolio is concentrated in a few names like Nvidia, TSMC, and Broadcom, increasing the impact if any of these stocks struggle.
Sector Concentration Risk
With nearly all exposure in the technology sector and specifically semiconductors, the ETF is highly sensitive to downturns in this single industry.
Mixed Performance Among Top Holdings
Some major holdings such as Nvidia and Broadcom have shown weak year-to-date performance, which can offset gains from stronger stocks in the portfolio.
SMH vs. SPDR S&P 500 ETF (SPY)
AUM45.78B
RegionGlobal
Expense Ratio0.35%
Beta1.90
IssuerVanEck
Inception DateMay 05, 2000
Dividend Yield0.27%
Asset ClassEquity
Index TrackedMVIS US Listed Semiconductor 25
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume5,455,715
30 Day Avg. Volume7,002,080
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
490.82Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering25
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SMH Summary
The VanEck Semiconductor ETF (SMH) tracks the MVIS US Listed Semiconductor 25 Index and focuses on companies that design and make computer chips, which power phones, laptops, cars, and data centers. It holds major names like Nvidia and TSMC, along with other leading chip makers. Someone might invest in SMH to tap into the long-term growth of technology and get instant diversification across many semiconductor companies instead of picking single stocks. A key risk is that it is heavily concentrated in the semiconductor and tech sector, so its price can swing sharply up or down.
How much will it cost me?The VanEck Semiconductor ETF (SMH) has an expense ratio of 0.35%, meaning you’ll pay $3.50 per year for every $1,000 invested. This is slightly higher than the average for ETFs because it is a sector-focused fund that requires more active management to track the semiconductor industry. However, it may be worth it for investors seeking targeted exposure to this fast-growing sector.
What would affect this ETF?The VanEck Semiconductor ETF (SMH) could benefit from increasing demand for semiconductors driven by advancements in AI, cloud computing, and electric vehicles, as well as global digital transformation trends. However, it may face challenges from geopolitical tensions affecting key players like TSMC, regulatory changes, or economic slowdowns that reduce consumer and corporate spending on technology. Interest rate hikes could also impact growth-oriented companies within the ETF's portfolio.
SMH Top 10 Holdings
SMH is riding the semiconductor wave with a heavy tilt toward a few giants. Nvidia sits in the driver’s seat, still rising but showing hints of fatigue after a big run. TSMC, Micron, and ASML are powering ahead with strong, broad-based momentum, giving the fund a solid growth engine. Equipment makers like Lam Research and Applied Materials are also climbing, reinforcing the theme that chipmaking tools are in high demand. This is a highly concentrated, global semiconductor bet, not a broad tech basket, so fortunes rise and fall with the chip cycle.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 18.61% | $8.54B | $4.57T | 41.20% | 76 Outperform | |
| TSMC | 10.90% | $5.00B | $1.57T | 86.91% | 81 Outperform | |
| Broadcom | 7.14% | $3.28B | $1.58T | 52.13% | 76 Outperform | |
| Micron | 6.48% | $2.97B | $473.78B | 333.20% | 79 Outperform | |
| ASML Holding | 5.93% | $2.72B | $559.08B | 99.34% | 81 Outperform | |
| Lam Research | 5.78% | $2.65B | $299.82B | 184.72% | 77 Outperform | |
| Applied Materials | 5.51% | $2.53B | $293.12B | 118.27% | 77 Outperform | |
| Texas Instruments | 4.92% | $2.26B | $202.67B | 8.78% | 78 Outperform | |
| KLA | 4.86% | $2.23B | $194.03B | 98.33% | 77 Outperform | |
| Analog Devices | 4.77% | $2.19B | $169.25B | 48.60% | 78 Outperform |
SMH Technical Analysis
Positive
―
Price Trends
386.90
Positive
366.86
Positive
322.67
Positive
Market Momentum
6.75
Positive
58.19
Neutral
72.05
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SMH, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 405.61, equal to the 50-day MA of 386.90, and equal to the 200-day MA of 322.67, indicating a bullish trend. The MACD of 6.75 indicates Positive momentum. The RSI at 58.19 is Neutral, neither overbought nor oversold. The STOCH value of 72.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SMH.
SMH Peer Comparison
Comparison Results
Performance Comparison
SMH
VanEck Semiconductor ETF
412.88
170.22
70.15%
IGF
iShares Global Infrastructure ETF
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―
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CIBR
First Trust NASDAQ Cybersecurity ETF
―
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IXN
iShares Global Tech ETF
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―
―
TDIV
First Trust NASDAQ Technology Dividend Index Fund
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―
―
CHPS
Xtrackers Semiconductor Select Equity ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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