How is SMH stock faring? The VanEck Semiconductor ETF is up 4.2% in the past 5 days, and up 32.6% 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 Strong Buy. The Street’s average price target of $344.02 implies an upside of 7.1%.
Currently, SMH’s five holdings with the highest upside potential are Universal Display (OLED), Synopsys (SNPS), Micron (MU), Nvidia (NVDA), and Microchip Technology (MCHP).
Its five holdings with the greatest downside potential are Intel (INTC), Skyworks Solutions (SWKS), Teradyne (TER), Lam Research (LRCX), and KLA Corporation (KLAC).
Intel stock gained 6.4% yesterday after a Bloomberg report suggested that the chipmaker has approached iPhone maker Apple (AAPL) for a new strategic investment. Recently, Nvidia, Japan’s SoftBank Group (SFTBY), and the U.S. government have invested billions in Intel.
Revealingly, SMH’s ETF Smart Score is 8, implying that this ETF is likely to outperform the market.
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