Summary
VE48 Chart
SMH: Semi Investors Appearing Greedy And Forgetful Again (Downgrade)
SMH has outperformed the S&P 500, driven by AI infrastructure optimism and leadership from Nvidia, Broadcom, and TSMC. Geopolitical and trade uncertainties, especially around US-China relations and potential tariffs, remain significant risks for semiconductor stocks. AI infrastructure growth could broaden globally, but regulatory, supply chain, and CapEx digestion risks may temper near-term upside.
Why Selling Puts On SMH Is Our Favorite 13%+ Yielding Play Right Now
Yields are drying up as rates are poised to move lower, but high-yield option trades remain interesting to us. SMH is a great candidate for selling put options. The underlying portfolio is high quality, and the fund has enough volatility to generate a significant yield. There are some risks, but we think selling $235 strike, September put options could yield meaningful cash, with a strong margin of safety.
SMH: Not Overvalued, Just Early
For SMH to maintain a CAGR performance similar to the last decade (>24%), there must also be a positive evolution in earnings expectations. Its structure helps: it's hyper-concentrated on the sector's core companies. For many, that's a risk, for me, it's potentially an alpha-driven feature. The fact remains: it trades at a premium, even with earnings expectations still at record highs in the info tech sector.
VanEck Semiconductor ETF Dividends
 SMH 18 Dec 2023 Paid | Annual | $1.04 Per Share |
| SMH 19 Dec 2022 Paid | Annual | $2.4 Per Share |
| SMH 20 Dec 2021 Paid | Annual | $1.57 Per Share |
| SMH 21 Dec 2020 Paid | Annual | $1.5 Per Share |
| SMH 23 Dec 2019 Paid | Other | $4.24 Per Share |
VanEck Semiconductor ETF Earnings
| SMH 18 Dec 2023 Paid | Annual | $1.04 Per Share |
| SMH 19 Dec 2022 Paid | Annual | $2.4 Per Share |
| SMH 20 Dec 2021 Paid | Annual | $1.57 Per Share |
| SMH 21 Dec 2020 Paid | Annual | $1.5 Per Share |
| SMH 23 Dec 2019 Paid | Other | $4.24 Per Share |
VanEck Semiconductor ETF (VE48) FAQ
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VanEck Semiconductor ETF Profile
| XBER Exchange | US Country |
Overview
The described company operates as an investment fund centered around the semiconductor industry. It commits at least 80% of its total assets to securities that align with its benchmark index, focusing on common stocks and depositary receipts. The scope of investment targets U.S. exchange-listed companies within the semiconductor sector, which includes both medium-sized corporations and international companies listed in the U.S. markets. This fund adopts a non-diversified investment strategy, concentrating its investments in a specific area of the technology sector.
Products and Services
- Securities Investment
The primary service offered by the fund is investing in securities specific to the semiconductor industry. This includes acquiring common stocks and depositary receipts that are part of the fund's benchmark index. Through these investments, the fund aims to mirror the performance of the semiconductor sector represented by its chosen index.
- U.S. Exchange-Listed Company Investments
Investments are primarily focused on companies within the semiconductor industry that are listed on U.S. exchanges. This includes not just U.S.-based companies but also international firms that have their stocks listed in U.S. markets. This strategy provides investors with exposure to the global semiconductor industry while leveraging the regulatory and financial benefits of U.S. market listings.
- Focus on Medium-Capitalization Companies
Among its investment targets, the fund places a significant emphasis on medium-capitalization companies in the semiconductor sector. This approach allows the fund to potentially capture growth opportunities in emerging or rapidly evolving segments of the industry, where such companies frequently operate.
Contact Information
