How is SMH stock faring? The VanEck Semiconductor ETF has gained 7.5% over the past five days and remains up nearly 50% 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 higher today because most of its components are trending upward in regular trading following Big Tech’s strong earnings results.
Over the past five days, the SMH ETF has witnessed net inflows of roughly $395 million, while over the past three months, it has reported net inflows of $3 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 $386.60 implies an upside of about 5.4%.
Currently, SMH’s five holdings with the highest upside potential are STMicroelectronics (STM), Universal Display (OLED), Synopsys (SNPS), Microchip Technology (MCHP), and NXP Semiconductors (NXPI).
Its five holdings with the greatest downside potential are Intel (INTC), Applied Materials (AMAT), Teradyne (TER), Micron (MU), and Marvell Technology (MRVL).
Revealingly, SMH’s ETF Smart Score is Nine, implying that this ETF is likely to outperform the market.
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