How is SMH stock faring? The VanEck Semiconductor ETF has gained 2.5% over the past five days and remains up 43% year-to-date.
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Fund Flows and Sentiment
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 ETF is moving slightly lower today, likely due to normal market fluctuations or short-term profit-taking within the companies held in the fund.
Over the past five days, the SMH ETF has witnessed net outflows of roughly $17 million, while over the past three months, it has reported net inflows of $2 billion.
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 $376.46 implies an upside of about 9%.
Currently, SMH’s five holdings with the highest upside potential are Universal Display (OLED), Nvidia (NVDA), Synopsys (SNPS), NXP Semiconductors (NXPI), and Taiwan Semiconductors (TSM).
Its five holdings with the greatest downside potential are Intel (INTC), Skyworks Solutions (SWKS), Lam Research (LRCX), KLA Corporation (KLAC), and Applied Materials (AMAT).
Revealingly, SMH’s ETF Smart Score is Nine, implying that this ETF is likely to outperform the market.
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