VanEck Semiconductor ETF (SMH)
| Assets | $71.14B |
| Expense Ratio | 0.35% |
| PE Ratio | 42.50 |
| Shares Out | 123.74M |
| Dividend (ttm) | $1.10 |
| Dividend Yield | 0.19% |
| Ex-Dividend Date | Dec 22, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 8.16% |
| Volume | 5,310,425 |
| Open | 568.83 |
| Previous Close | 560.28 |
| Day's Range | 564.00 - 572.80 |
| 52-Week Low | 301.37 |
| 52-Week High | 671.83 |
| Beta | 1.73 |
| Holdings | 26 |
| Inception Date | Dec 20, 2011 |
About SMH
Fund Home PageThe VanEck Semiconductor ETF (SMH) is an exchange-traded fund that is based on the MVIS US Listed Semiconductor 25 index, a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. SMH was launched on Dec 20, 2011 and is issued by VanEck.
Top 10 Holdings
71.46% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 21.70% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 9.51% |
| Broadcom Inc. | AVGO | 6.73% |
| Advanced Micro Devices, Inc. | AMD | 5.43% |
| ASML Holding N.V. | ASML | 5.12% |
| Texas Instruments Incorporated | TXN | 4.95% |
| Micron Technology, Inc. | MU | 4.74% |
| Analog Devices, Inc. | ADI | 4.63% |
| Applied Materials, Inc. | AMAT | 4.52% |
| QUALCOMM Incorporated | QCOM | 4.11% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 22, 2025 | $1.1047 | Dec 26, 2025 |
| Dec 23, 2024 | $1.0713 | Dec 24, 2024 |
| Dec 18, 2023 | $1.0427 | Dec 22, 2023 |
| Dec 19, 2022 | $1.2005 | Dec 23, 2022 |
| Dec 20, 2021 | $0.78665 | Dec 27, 2021 |
| Dec 21, 2020 | $0.7511 | Dec 28, 2020 |
Performance
SMH had a total return of 89.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 28.62%.
News
South Korea's power demand set to soar on AI boom as nation weighs expanding nuclear energy
South Korea's demand for power in the coming years is set to surge on plans by chipmakers Samsung Electronics and SK Hynix to expand production and the building of new AI data centres, according to t...
Chip stock investors beware — these charts could warn of further weakness ahead
Investors in semiconductor stocks may not pay much attention to the currency markets, but recent developments for outside the U.S. borders are warning that's exactly what they should be doing.
South Korea says chip investments under discussion with US amid tariff concerns
South Korea and the United States are discussing semiconductor investments in the U.S. as part of broader bilateral talks, a Seoul official told reporters on Friday.
3 ‘Outperform’ ETFs with 10%+ Upside Potential, According to the AI Analyst
TipRanks’ ETF AI Analyst has an Outperform rating on the VanEck Semiconductor ETF ($SMH), iShares MSCI USA Quality Factor ETF ($QUAL), and Dimensional U.S. High Profitability ETF ($DUHP), and sees mor...
How one strategist warned on semiconductor stocks within a day of their top
The chairman of JPMorgan Asset Management's market and investment strategy warned on chip stocks within a day of their peak.
3 ‘Strong Buy’ Tech ETFs Offering 25%+ Upside to Watch Now
Technology Select Sector SPDR Fund ($XLK), Invesco NASDAQ 100 ETF ($QQQM), and VanEck Semiconductor ETF ($SMH) earn a Strong Buy rating based on a weighted average of analyst ratings on…
3 ETFs with 12%+ Upside for Heavy Industry and Tech Exposure, According to AI Analyst
TipRanks’ AI analyst rates Global X U.S. Infrastructure Development ETF ($PAVE), VanEck Semiconductor ETF ($SMH), and Dimensional U.S. Core Equity 2 ETF ($DFAC) as Outperform (Buy) for exposure to the...
How Advisors Rebuilt Their ETF Lineups in Q2 2026
Advisors did not slow down on exchange-traded funds in the second quarter. They added more of them, and pointed the money somewhere new, according to AdvizorPro's Q2 2026 RIA ETF Trends report.
3 Technology ETFs to Buy with 10%+ Upside Potential, According to the AI Analyst
TipRanks’ ETF AI Analyst has an Outperform rating on the VanEck Semiconductor ETF ($SMH), Vanguard Morningstar Mega Cap Growth ETF ($MGK), and iShares U.S. Technology ETF ($IYW). It sees more than 10%...
AI Theme Still Running Hot as Nvidia Beats Q2 Earnings Estimates
Heading into Q2 fiscal 2027 earnings, the capital markets wondered if the vaunted chipmaking giant Nvidia still has its mojo. Despite rallying to atmospheric levels over the past three years, this mas...
U.S. considers fresh round of tariffs on semiconductors, report says
Trump is reportedly considering broader semiconductor tariffs, Politico reported Thursday. The tariffs could cover servers, laptops and gaming hardware, people familiar with the matter told the outlet...
US weighs a new round of tariffs on semiconductors, Politico reports
The Trump administration is considering a new round of sweeping tariffs on semiconductors, Politico reported on Thursday citing eight people familiar with discussions.
BofA warns of another 10% decline in chip stocks
Even as Wall Street's broader conviction on artificial intelligence holds firm, short-term positioning fatigue is threatening to unwind the market's most lucrative trade. Chip stocks face a sharp near...
James Demmert on NVDA "Bargain" Stock Price, Mixed SMH & Value Outside Tech
James Demmert says Nvidia's (NVDA) earnings will be "very important" but expects Wall Street to "overcomplicate" the report. He calls the stock a "bargain" at current prices.
A Contrarian Dividend Play On Overdone AI Bubble Fears
The media has been abuzz with fresh fears that the AI bubble is finally popping.
Contrarian vs. the crowd: One trader made a massive bet against chip stocks
The biggest single options trade in the entire market Monday was a $129 million bet against the VanEck Semiconductor ETF.
Chip stocks are closing in on a bull market. Here's why some analysts are nervous.
Wall Street is excited about growing backlogs at some AI infrastructure companies, but some experts caution that there's no guarantee all those orders will be carried out.
South Korea to establish fund for semiconductor materials, parts and equipment, official says
South Korea will launch a new 5 trillion won ($3.52 billion) semiconductor fund focused on promising chip materials, components and fabless companies, Presidential Chief of Staff Kang Hoon-sik sai...
AI ETFs: Memory & Photonics Move Into Focus
Key Takeaways: AI investing is broadening beyond processors to memory and photonics, which address critical data storage and connectivity bottlenecks. Both memory and photonics ETFs offer targeted acc...
It looks like 'Big Short' investor Michael Burry nailed his bet against AI chip stocks
Michael Burry likely won big with his bets against microchip stocks last month. The "Big Short" investor said he bet against the iShares Semiconductor ETF, which fell 21% in July.
Semiconductor Index Eyes $13,500 as Elliott Wave Bounce Takes Shape
SOX rebounded from a key Fibonacci target after breaking below $12K, renewing bullish expectations toward the $13,500 region before another potential decline.
US signs letters of intent worth $874 million to boost semiconductor research
The U.S. Department of Commerce said on Tuesday it has signed letters of intent to provide $874 million in incentives to seven companies developing semiconductor technologies for AI and advanced com...
Investors Rotate Out of Chip Stocks
Investors continued selling chip and memory stocks. The market has been spooked by concerns of tech giants' ballooning spending and signs that China may be catching up in the AI arms race. Asian chip ...
Global Semiconductor Selloff Deepens on China Competition
A selloff in semiconductor stocks deepened Tuesday as concern grows over the sustainability of the artificial intelligence spending boom. A report that a Chinese state-backed company has begun mass pr...
How big a deal is China's reported breakthrough on a key chipmaking tool?
CNBC's Arjun Kharpal discusses The Information report that China is producing deep ultraviolet (DUV) lithography machines and unpack what it means for ASML and the broader semiconductor sector.
US Official Alleges Chinese AI Apps Used Banned Chips
A White House official accused China's Moonshot of improperly using US AI models and Nvidia chips to create the Kimi K3. Here's what it means for tech and plans for a Trump-Xi summit.
The chip sector's recent calm is masking a turbulent outlook in the options market
Relatively high volatility readings for chips warn there could be further downside — and that it's not yet worth the risk to buy the dip.
Kospi jumps 6% as Asia's battered semiconductor trade rebounds
Asian stocks rallied on Wednesday as investors returned to semiconductor shares after a bruising sell-off, taking their cue from a Wall Street rebound even as Brent crude pushed further above $91 a ba...
Chip Stocks Shrug Off Chinese AI Worries
Chip stocks rose. The PHLX Semiconductor Sector Index ended more than 5% higher, clawing back some of its recent losses. Chip maker Intel was a standout, rising 8.6% ahead of its earnings report Thurs...
Don't Give Up on AI Chips Yet, Says JoAnne Feeney
The recent selloff in AI stocks has sparked fresh debate over whether more efficient models will reduce demand for chips and data centers. Advisers Capital Management's JoAnne Feeney explains why she ...
The co-founder of Stocktwits dumped chip stocks before a 20% slide. Where he's putting his money now.
Stocktwits' Howard Lindzon talks to MarketWatch about sidestepping a chip selloff, where he sees opportunity and the “degenerate economy.”
Chipmakers head for big profit gains, but will it be enough?
Chipmakers are in focus on Wall Street, with their shares turning mercurial this month and investors banking on a few dozen newly valuable companies to deliver nearly half of S&P 500 profit growth fo...
Is an opportunity to buy chip stocks nearing? These two big Wall Street banks are divided.
JPMorgan says a summer buying opportunity is coming for chip stocks, but Morgan Stanley says the sector is in for a hard remainder of 2026.
Kospi Index slides as Samsung, SK Hynix sink; Barclays stays bullish on semis
The Kospi Index retreated by over 4% today, July 20, as concerns on the technology sector coincided with the ongoing US-Iran war. It slumped to 6,525 points, down substantially from the year-to-date h...
Institutional demand for CXMT's $8.6 bln Shanghai IPO dented by chip stock selloff
Chinese chipmaker CXMT Corp's $8.6 billion initial public offering was more than 500 times oversubscribed by institutional investors, according to a filing on Sunday, but the demand was less feverish...
This CEF Holds The Biggest Bargains In Tech, Pays 7.4%
One of our favorite tech-focused closed-end funds (CEFs) is showing a pattern we love to see. What I'm going to show you below is one of my favorite setups for future gains for us, while we collect st...
Chip stocks enter bear-market territory. A BofA analyst says not to panic.
The semiconductor sector is undergoing a reset and has a tendency to underperform in the third quarter.
Semiconductor stocks are on the verge of a bear market. Is the thrill in the chips trade gone?
Investors seem to be second-guessing the stunning rally in chip stocks as another earnings season picks up steam.
Semiconductor Index Rally Eyes New Highs as Elliott Wave Correction May Be Complete
SOX may have completed its Elliott Wave correction, with bulls targeting new highs if key support holds, while breakout confirmation remains essential.
Dow falls 400 points, oil surges after Trump says Iran ceasefire is ‘over' – which could halt gas decline
Fresh tensions over the Strait of Hormuz, a vital maritime route for 20% of the world's oil, could keep gasoline from falling below the $3 mark.
DRAM ETF falls 6.5% after Samsung earnings as expert warns on memory stocks
The Roundhill Memory ETF (DRAM) dropped by over 6% in the premarket, reaching a low of $60.65, as memory shares tumbled following the latest Samsung earnings. DRAM has now dropped by over 25% from its...
Buy the Chip Dip but Beware These 'AI Cannibalization' Trades, JPMorgan Says
The chip sector has had a rough start to the second half of the year but it's time to buy the dip, according to JPMorgan analysts.
AI investors may pivot to hyperscalers from chipmakers, Morgan Stanley says
Morgan Stanley said the recent weakness in U.S. semiconductor stocks is a sign that the market gains are broadening, with investors likely to turn toward AI "hyperscalers" as well as consumer discret...
Mike Wilson Sees Semiconductor Stocks Correcting
Morgan Stanley Chief US Equity Strategist Mike Wilson says investors are rotating out of some of the year's biggest winning technology trades. He says hyperscalers will stabilize and semiconductors st...
Hedge funds dumped chip stocks for a fourth week as AI shares sold off
U.S. hedge funds sold tech hardware stocks for a fourth week in a row, according to a client note from Goldman Sachs on Friday, in line with a recent decline in global chip shares and just before ma...
Semiconductor Stocks Slide Amid AI Spending Concerns
Bloomberg Technology & Strategic Industries Senior Editor Mike Shepard says semiconductor stocks have come under pressure as investors question whether the rapid pace of AI infrastructure spending can...
Why it's too early to call a top on semiconductor stocks, according to these highly regarded analysts
Nomura analysts offer a deep dive of the semiconductor industry and some bottlenecks that the market hasn't even woken up to.
Chipmakers are thriving because they're 'paid UPFRONT': DA Davidson's Gil Luria
D.A. Davidson technology research head Gil Luria explains why Micron's booming semiconductor business reflects a short-term, zero-sum A.I. trade for megacap tech on ‘Making Money.
We are in a race for chips and memory, says ODDO BHF's Stéphane Houri
Memory prices are likely to remain elevated for the next two to three years, driven by continued AI investment and capital spending from hyperscalers, according to Stéphane Houri, Head of Equity Resea...