VanEck Semiconductor ETF (SMH)
| Assets | $67.82B |
| Expense Ratio | 0.35% |
| PE Ratio | 51.12 |
| Shares Out | 112.99M |
| Dividend (ttm) | $1.10 |
| Dividend Yield | 0.18% |
| Ex-Dividend Date | Dec 22, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 9.48% |
| Volume | 7,603,184 |
| Open | 606.03 |
| Previous Close | 599.83 |
| Day's Range | 597.12 - 611.79 |
| 52-Week Low | 235.37 |
| 52-Week High | 612.30 |
| 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
72.43% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 15.42% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 9.50% |
| Advanced Micro Devices, Inc. | AMD | 7.62% |
| Intel Corporation | INTC | 7.59% |
| Micron Technology, Inc. | MU | 7.38% |
| Broadcom Inc. | AVGO | 6.86% |
| QUALCOMM Incorporated | QCOM | 4.93% |
| Texas Instruments Incorporated | TXN | 4.79% |
| Lam Research Corporation | LRCX | 4.38% |
| KLA Corporation | KLAC | 3.96% |
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 147.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 30.78%.
News
It's been one of the best years to generate alpha in China: Matthews Asia
Matthews Asia's Sean Taylor explains why he remains constructive on China despite the broader indexes lagging some high-performing sectors. He also outlines his South Korea strategy, including an over...
Market Vectors Semiconductor: Pivot points
The following are the pivot points for the Market Vectors Semiconductor (SMH). Pivot High: $611.00, Pivot Low: $593.57. These were calculated using the DeMark method. It is generally believed to…
"Price is not an issue" for hyperscalers investing in Taiwan, S Korea's chipmakers: T.Rowe Price
Thomas Poullaouec, Head of Global Investment Solutions, International at T.Rowe Price, says he does not foresee a slowdown in the demand for memory chips despite rising prices.
Huawei bets on speed over shrinking transistors to sidestep US chip sanctions
Huawei's new chip design principle focused on boosting transmission speed rather than continuing to shrink semiconductors offers a path for China to build cutting-edge chips despite U.S. sanctions, t...
This is the greatest time ever for semiconductors, says CEO of key equipment supplier
Applied Materials CEO Gary Dickerson said the semiconductor industry is experiencing its strongest period ever. He said artificial intelligence is driving unprecedented computing demand and long-term ...
The Magnificent Semis?
Shares of chipmakers are rallying this year While the AI spending boom is fueling big gains for lots of tech companies, it's the semiconductor makers that are truly in the chips these days.
Market Vectors Semiconductor: Pivot points
The following are the pivot points for the Market Vectors Semiconductor (SMH). Pivot High: $603.90, Pivot Low: $576.53. These were calculated using the DeMark method. It is generally believed to…
Why it's time to start discussing semiconductors like commodities: There may be a supercycle
Ned Davis Research says the bubble argument for chips has some grounding, but that sector may also be looking at the start of a new supercycle.
$5.7 Trillion and Counting. How Much Further Can the Chip Rally Run?
Surging demand for chip makers has lifted major indexes from their wartime malaise.
Market Vectors Semiconductor: Pivot points
The following are the pivot points for the Market Vectors Semiconductor (SMH). Pivot High: $610.49, Pivot Low: $595.62. These were calculated using the DeMark method. It is generally believed to…
Nikkei hits record high as AI chip frenzy powers Japan stocks
Japan's Nikkei 225 climbed to a record high on Wednesday, as a rally in semiconductor shares outweighed weakness in banks and real estate stocks. The benchmark index rose 1.25% to 65,811.78 as of 0147...
Semiconductor Index Outlook: Near-Term Upside Limited, Broader Rally Intact
The index remains in a broader uptrend, but near-term upside looks limited as it approaches a 5th-wave peak, with a likely deeper retracement ahead before resuming higher over the long term.
Market Vectors Semiconductor: Pivot points
The following are the pivot points for the Market Vectors Semiconductor (SMH). Pivot High: $584.23, Pivot Low: $574.59. These were calculated using the DeMark method. It is generally believed to…
U.S. Semiconductor Stocks Rise Premarket After Asia Rally
U.S. chip and memory stocks rallied premarket following gains for artificial intelligence-related names in Hong Kong and South Korea.
China's No. 2 chip foundry HHGrace says it has 'always been compliant' with U.S. export controls
Daniel Wang, CFO of Shanghai Huahong Grace Semiconductor Manufacturing Corporation, says demand from AI, industrials and automotive clients is keeping its fabs running above full capacity, with moment...
Market Vectors Semiconductor: Pivot points
The following are the pivot points for the Market Vectors Semiconductor (SMH). Pivot High: $575.73, Pivot Low: $562.75. These were calculated using the DeMark method. It is generally believed to…
We have had an ‘overweight waiting' on the IT sector since 2022: CFRA Research senior VP
CFRA Research senior vice president and head of technology Angelo Zino explains why Nvidia, AMD, Microsoft and Meta remain top ‘strong buy' picks amid the ongoing AI-driven tech rally on ‘Making Money...
Market Vectors Semiconductor: Pivot points
The following are the pivot points for the Market Vectors Semiconductor (SMH). Pivot High: $571.23, Pivot Low: $558.16. These were calculated using the DeMark method. It is generally believed to…
It's Nvidia's World: How Advisors See the Next Phase of AI
Sometimes it feels like it's Nvidia's world, and we are all just living in it. As we brace for the firm's latest earnings report coming Wednesday, we could say that Nvidia (NVDA) earnings — and more i...
Market Vectors Semiconductor: Pivot points
The following are the pivot points for the Market Vectors Semiconductor (SMH). Pivot High: $561.38, Pivot Low: $535.92. These were calculated using the DeMark method. It is generally believed to…
Imec CEO calls for stronger AI design push in EU's Chips Act
Europe should aim to create home-grown AI chip design companies, the new head of Belgian research hub imec said on Tuesday, as Brussels prepares a package of measures dubbed Chips Act 2.0.
SaaS-pocalypse Reversal? AI Memory Chips Slide, Software Finds Strength
In a reversal from the SaaS-pocalypse, software is finding strength while AI memory names like Micron (MU) and SanDisk (SNDK) are selling off. Kevin Hincks explains how this all plays into the big pic...
Market Vectors Semiconductor: Pivot points
The following are the pivot points for the Market Vectors Semiconductor (SMH). Pivot High: $556.69, Pivot Low: $526.35. These were calculated using the DeMark method. It is generally believed to…
Dan Loeb reveals a stake in a semiconductor ETF: find out more
Billionaire Dan Loeb's flagship hedge fund, Third Point, recalibrated its portfolio in the first quarter of 2026, leaning heavily into the AI trade by initiating a new position in the Vaneck Semicondu...
VIDEO: ETF of the Week: DRAM
On this episode of the “ETF of the Week” podcast, VettaFi's head of research, Todd Rosenbluth, discussed the Roundhill Memory ETF (DRAM) with Chuck Jaffe of Money Life. The pair discussed several topi...
Market Vectors Semiconductor: Pivot points
The following are the pivot points for the Market Vectors Semiconductor (SMH). Pivot High: $561.11, Pivot Low: $548.14. These were calculated using the DeMark method. It is generally believed to…
China's CXMT expects revenue to surge as memory chip demand soars
Changxin Memory Technologies (CXMT), China's top memory chipmaker, said on Sunday it expects first-half revenue to reach 110 billion yuan to 120 billion yuan ($17.62 billion), according to a renewed...
US Chip Sector Needs More Talent, Says SEMI
President Trump says he discussed guardrails on AI and Nvidia's H200 chips with Chinese leader Xi Jinping during a two-day summit in Beijing. Shari Liss, vice president of global workforce development...
Market Vectors Semiconductor: Pivot points
The following are the pivot points for the Market Vectors Semiconductor (SMH). Pivot High: $586.46, Pivot Low: $573.04. These were calculated using the DeMark method. It is generally believed to…
The Tech Download: Trump's China visit left chip export issue unresolved, with rare earths deal still uncertain
Chip export controls were not discussed during Trump-Xi talks, U.S. Trade Representative Jamieson Greer said in an interview with Bloomberg TV on Friday. Critical minerals and market access for U.S. t...
Chip export controls not major topic in China talks, US trade rep Greer tells Bloomberg News
U.S. Trade Representative Jamieson Greer told Bloomberg TV in an interview on Friday that U.S. export controls on semiconductor chips were not a major topic of discussions with Chinese officials in B...
Market Vectors Semiconductor: Pivot points
The following are the pivot points for the Market Vectors Semiconductor (SMH). Pivot High: $582.37, Pivot Low: $566.29. These were calculated using the DeMark method. It is generally believed to…
Market Vectors Semiconductor: Pivot points
The following are the pivot points for the Market Vectors Semiconductor (SMH). Pivot High: $565.82, Pivot Low: $538.09. These were calculated using the DeMark method. It is generally believed to…
Sizzling semiconductor trade at risk of cooling - and stalling US stocks rally
A stunning run-up in shares of semiconductor companies has helped drive the U.S. stock rally, but the eye-popping gains are sparking concerns about an overheated market and prompting some investors to...
Chip stocks pull back: Here's what you need to know
Chip stocks dropped on Tuesday, pulling back from a massive rally that broadened the AI trade beyond Nvidia and propelled the sector to new highs. CNBC's Kristina Partsinevelos reports.
New futures market for semiconductors comes as AI drives costs skyward
CME Group and Silicon Data are launching a futures exchange for computing capacity. Contracts will be based on daily GPU benchmarks for on-demand rental rates.
Market Vectors Semiconductor: Pivot points
The following are the pivot points for the Market Vectors Semiconductor (SMH). Pivot High: $582.81, Pivot Low: $571.56. These were calculated using the DeMark method. It is generally believed to…
Intel, Other Chip Stocks Drop After Hitting Records
Profit-taking and computer-shipment data could be contributing to the Tuesday declines.
South Korea floats AI profit social tax as tech giants boom
A top South Korean official has proposed a tax on AI profits to be redistributed among society as a semiconductor boom drives massive earnings for tech giants Samsung Electronics and SK hynix.
The Chip-Stock Juggernaut Shows No Signs of Slowing Down
Soaring profits have investors pouring into shares of CPU, GPU and memory-chip companies.
Semiconductor Index Rally Stays on Course, but Signs Point to a Sharp Retracement
The SOX continues to follow its projected historical returns and Elliott Wave path, but the advance may be nearing exhaustion, raising the probability of a retracement toward $10,000.
Why the Gap Between Chip and Software Stocks Keeps Getting Wider
Investors can't get enough of Nvidia, AMD, Intel, and Micron as earnings season widens the divide between chip and software stocks.
Semiconductor ETFs: The Trade Broadens
Several years ago, semiconductor ETFs were often viewed as a Nvidia (NVDA) story. With Nvidia driving much of the group's growth and performance, some investors questioned the need for broader exposur...
South Korea, Dutch leaders discuss chips, AI cooperation
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The next AI bottleneck isn't GPUs
The AI trade is evolving—and it's no longer just about GPUs. In this segment, Yahoo Finance Senior Reporter Ines Ferré breaks down why chip stocks have surged this year and how demand for AI infrastru...
Southeast Asia needs to expand semiconductor production, global trade group SEMI says
Southeast Asian countries should aim to build more semiconductor fabrication plants in the coming decade to help the sector diversify and reduce supply risks, the head of global chip industry group ...
April Showers Bring a Deluge of ETF Inflows
April showers came in the form of more inflows raining down on the exchange-traded fund (ETF) market last month. Assets under management (AUM) have now grown to a staggering $14.7 trillion for the yea...
How investors might be overdoing their bets on semiconductor stocks
You might be old enough to remember when, in December 1996, former Federal Reserve Chairman Alan Greenspan used the term “irrational exuberance” to underscore how important it was for the central bank...
The Tech Download: Chip stocks surge in ‘historic' month as investors' AI buildout concerns ease
March saw many chip stocks drop amid concerns over the AI buildout, but their fortunes have reversed in April. Nasdaq's chip index rose 35% last month as investors ploughed into the sector.
This Tech Sector ETF Gives Investors the Best Bang for Their Buck
Earnings for State Street Technology Select Sector SPDR members are expected to be up 43% this year from last and rise another 24% in 2027.
Taiwan chipmaker UMC sees 'headwinds' from Iran war, but predicts resilient demand
Taiwanese chipmaker UMC said on Wednesday that it continues to see resilient market demand despite "headwinds" from memory chip supply shortages and the impact of the war in Iran.
Exclusive: US orders chip equipment companies to halt some shipments to Hua Hong, China's second-largest chipmaker
The U.S. Department of Commerce last week ordered numerous chip equipment companies to halt certain tool shipments to China's second-largest chipmaker Hua Hong, according to two people familiar with ...
Can the semiconductor rally last?
CNBC's Kristina Partsinevelos reports on the latest news around the rally in chip stocks.
SOX Hits Extreme Overbought Levels: What History Says Happens Next
The SOX has surged 50%, with record overbought RSI readings. History suggests a near-term pullback (5–11%), followed by potential upside over weeks, but elevated one-year downside risk, consistent wit...
VanEck Enters Canada, Appoints Industry Vet Kevin Gopaul as CEO
VanEck has appointed Kevin Gopaul as CEO of VanEck Canada. According to the press release, Gopaul brings more than 25 years of industry experience to the newly created role.
Buying chip stocks is getting pricey. Traders don't care
Semiconductors are a runaway train — up 17 of the past 18 sessions — and options traders are buying increasingly expensive call options to chase the rally higher.
Dan Ives: AI buildout not seeing any cracks in demand
Dan Ives, Wedbush Securities, joins 'Power Lunch' to discuss what Ives learned from a recent trip abroad, the energy complex and much more.
US-Iran peace talks fail: what's next for VanEck Semiconductor ETF (SMH)
The VanEck Semiconductor ETF (SMH) is in sharp focus on Apr. 13 after the high-stakes US-Iran peace talks collapsed, dashing hopes of a diplomatic resolution in the Middle East. SMH is now flashing te...
Goldman's Dane Likes Semis, AI Building Blocks on Capex
Following a recent ceasefire that has boosted market morale, tech stocks have experienced a notable rebound. Brook Dane, Goldman Sachs Asset Management's co-head of public tech investing, discusses hi...