How is SMH stock faring? The VanEck Semiconductor ETF has lost 1.6% over the past five days but remains up nearly 46% 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 lower today as the broader market selloff continues after market correction warnings from experts and tech valuation concerns.
Over the past five days, the SMH ETF has witnessed net inflows of roughly $128 million, while over the past three months, it has reported net inflows of about $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 $391.49 implies an upside of about 11%.
Currently, SMH’s five holdings with the highest upside potential are STMicroelectronics (STM), Synopsys (SNPS), Microchip Technology (MCHP), ON Semiconductor (ON), and NXP Semiconductors (NXPI).
Its five holdings with the greatest downside potential are Applied Materials (AMAT), Intel (INTC), Micron (MU), ASML (ASML), and Lam Research (LRCX).
Revealingly, SMH’s ETF Smart Score is Eight, implying that this ETF is likely to outperform the market.
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