VanEck Semiconductor ETF (SMH)
| Assets | $46.30B |
| Expense Ratio | 0.35% |
| PE Ratio | 43.45 |
| Shares Out | 112.79M |
| Dividend (ttm) | $1.10 |
| Dividend Yield | 0.28% |
| Ex-Dividend Date | Dec 22, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 12.09% |
| Volume | 9,582,011 |
| Open | 393.36 |
| Previous Close | 384.74 |
| Day's Range | 389.44 - 399.28 |
| 52-Week Low | 170.11 |
| 52-Week High | 427.94 |
| Beta | 1.56 |
| 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
75.02% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 18.39% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 10.65% |
| Micron Technology, Inc. | MU | 7.17% |
| Broadcom Inc. | AVGO | 7.11% |
| Lam Research Corporation | LRCX | 5.92% |
| ASML Holding N.V. | ASML | 5.78% |
| Applied Materials, Inc. | AMAT | 5.53% |
| KLA Corporation | KLAC | 5.19% |
| Intel Corporation | INTC | 4.82% |
| Analog Devices, Inc. | ADI | 4.46% |
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 75.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 26.34%.
News
SMH: Up Almost 40% With Plenty Of Room To Grow
VanEck Semiconductor ETF remains a strong buy with a $577 price target for end-2026, reflecting continued sector dominance. SMH's concentrated exposure to industry leaders—NVDA, TSM, AVGO, MU, and ASM...
How the Iran war and rising energy prices are threatening semiconductor demand
A prolonged conflict in the Middle East could disrupt supplies of key chipmaking elements such as helium and bromine, analysts told CNBC. Higher energy costs could also dampen demand for AI data cente...
New Export Rules Could Be Coming for AI Chipmakers' Sales
America's chip export rules could get tougher. That hit some big tech stocks today.
US reportedly considering sweeping new chip export controls
How, and if, the Trump administration plans to regulate the export of semiconductors has remained unclear since Donald Trump took office last year. Now, we have an idea of what the administration is t...
US Proposes Rule Requiring Licenses for AI Chip Exports
The US government drafted a rule requiring export licenses for AI chip shipments, including those from major companies like Nvidia and AMD, to all countries worldwide. Ed Ludlow has more on "Bloomberg...
The Pivot in Portfolios: What to Watch as VanEck Takes Stage at Exchange
As we navigate the first quarter of 2026, advisor interest is increasingly shifting toward traditional hedges and quality-oriented products. VanEck, a pioneer in thematic and hard-asset investing, has...
As Tech Stocks Churn, Nvidia and Other Semiconductor Plays Look Cheap
Fears of an AI bubble are sparking tech selloffs. That's changing the calculus for once-pricy semiconductor stocks, Morningstar analysts say.
Final Trade: SII, C, SMH, NVO
The final trades of the day with CNBC's Melissa Lee and the 'Fast Money' traders.
SMH Vs. SMHX: Why The Next Phase Of The Semiconductor Cycle Looks Different
VanEck Semiconductor ETF remains a Buy, but expect moderated returns as AI-driven multiple expansion fades and earnings growth becomes the key driver. SMH's diversified exposure across memory, equipme...
After A 49% Rally, SMH Is Trading On Assumptions About Earnings Persistence
VanEck Semiconductor ETF now reflects concentrated, elevated earnings assumptions tied to dominant semiconductor companies, especially in AI-driven segments. SMH's trailing P/E of 42.68 and top-ten ho...
SMH: Semiconductors Got A Taiwan-Sized Demand Boost
VanEck Semiconductor ETF remains well-positioned for AI-driven growth, with a bullish outlook following TSMC's robust earnings and capex plans. SMH's dynamic allocation now emphasizes semiconductor eq...
SMH: I'm Still Bullish On American Semiconductors And This Is Still The Best Way To Play Them
VanEck Semiconductor ETF is upgraded to strong buy, with a projected 50% return and $577 price target by year-end. SMH offers exposure to top semiconductor companies, benefiting from massive U.S. inve...
White House says 25% semiconductor tariffs a 'phase one' action
The U.S. Commerce Department's 25% national security tariff on certain high-end semiconductors announced on Wednesday is a "phase one" action to protect the sector and could be followed by other annou...
Doors are open for stacks of investment to flow into U.S. chip industry: Piper Sandler's Harsh Kumar
Harsh Kumar, Piper Sandler, joins 'Closing Bell Overtime' to discuss the latest news regarding semiconductors, where the latest investments will go and much more.
US, Taiwan Clinch Deal to Cut Tariffs, Boost Chip Investment
The US and Taiwan agreed to a long-sought trade pact that would lower tariffs on goods from the self-governed island to 15% and see Taiwanese semiconductor companies increase financing for American op...
US, Taiwan Reach Deal to Cut Tariffs, Boost Chip Investment
The US and Taiwan agreed to a trade agreement that would lower tariffs on goods from Taiwan to 15%. Taiwanese semiconductor companies will also invest more in US operations.
Semiconductor industry could grow to $1T in revenue this year, says Wells Fargo's Aaron Rakers
Aaron Rakers, Wells Fargo senior equity analyst, joins 'The Exchange' to discuss Rakers' thoughts on semiconductor stocks, what's carrying the sector and much more.
Chip companies face new tariffs from the U.S.
President Trump said Wednesday that he's imposing new tariffs on semiconductor chips. CNBC's Eamon Javers explains.
Chip companies face new tariffs
CNBC Eamon Javers joins 'Money Movers' with the latest on new tariffs.
Nvidia–Eli Lilly Tie-Up Shows Why AI Drug Discovery Is The Next ETF Battleground
NVIDIA Corp.'s (NASDAQ: NVDA) and Eli Lilly and Co.'s (NYSE: LLY) newly announced $1 billion AI co-innovation lab underscores how artificial intelligence is spreading beyond data centers into medicine...
I would be a little bit more careful on semis right here: Renaissance Macro's deGraaf
CNBC's "Closing Bell" team discusses whether the market technicals indicate that stocks can go higher and more with Jeff deGraaf, chairman and head of technical research at Renaissance Macro Research.
SMH: Micron Boosts AI Momentum Beyond Prior Meltdown, Justified Growth Premium
SMH is upgraded to a Buy, thanks to the durable multi-year AI spending trends through 2030, with the ETF providing diversified exposure and reduced volatility amid sector uncertainty. Micron and Advan...
Chip stocks rally to start 2026 after third-straight winning year
Chipmaking stocks rallied to kick off 2026, led by ASML, Intel and Micron Technology. The sector had a strong 2025 with the ongoing AI buildout as hyperscalers spent big to meet massive datacenter dem...
Chips trade still has legs in 2026, says Bernstein's Rasgon
CNBC's "Squawk on the Street" team discusses semiconductors, the Magnificent 7 companies, the AI trade and more with Stacy Rasgon of Bernstein Research.
Final Trades: Melrose, Exxon, Semis and the INDA
The Investment Committee give you their top stocks to watch for the second half.
Inflation Cools, Micron Shines: Tech ETFs Catch Tailwind
U.S. tech ETFs rallied Thursday after a cooler-than-expected inflation figure dampened Treasury yields, while semiconductor shares were already moving upward in response to strong earnings reported by...
SMH: Growth Remains Intact Despite Near-Term AI Infrastructure Concerns
VanEck Semiconductor ETF earns a Buy rating for a small 1-2% portfolio allocation due to sector growth prospects. SMH offers concentrated exposure to leading semiconductor names like NVDA, TSM, and AV...
SMH: US-Listed Semiconductor ETF Poised To Continue Rapid Ascent
VanEck Semiconductor ETF (SMH) offers concentrated exposure to the US semiconductor sector, directly targeting the onshoring and AI-driven growth thesis. SMH stands out for its high liquidity, US focu...
Very good news for semiconductor ETFs like SOXL, SOXX, and SMH
Top semiconductor ETFs like the Direxion Daily Semiconductor Bull 3x Shares (SOXL), VanEck Semiconductor (SMH), and iShares Semiconductor (SOXX) rebounded in the extended hours after the strong Nvidia...
These underperforming groups may deliver AI-electric appeal. Here's why.
Industrial and infrastructure stocks may soon share the spotlight with the artificial intelligence trade.
Soloway: Government Reopening "Bull Trap," SMH & Bitcoin "Topping" Signals
While Monday's rally came partially off investor hopes of the government reopening, @verifiedinvesting's Gareth Soloway believes the catalyst will be a bull trap. He argues the economy "has only gotte...
NVIDIA Earnings Loom As SMH Flashes Some Bullish Signals (Upgrade)
VanEck Semiconductor ETF is upgraded to a "Buy," reflecting improved valuation and expectations for a year-end rally. SMH's portfolio is heavily weighted toward large-cap semiconductor stocks, with NV...
Concerns Mount Over AI Chip Valuations
JoAnne Feeney, partner and portfolio manager at Advisors Capital Management, discusses the volatility in chip stocks as investors question AI valuations. She joins Ed Ludlow on “Bloomberg Tech.
Schwab IMPACT 2025: Record $13T in ETFs & What's Next for ETF Assets
Matt Camuso, Head of ETF Solutions at BNY Investments, says there are $13 trillion of assets in ETFs. That's compared to $5 trillion a year prior.
SOXX and SMH ETFs crashed amid AI bubble jitters: will they rebound?
The iShares Semiconductor ETF (SOXX) and the VanEck Semiconductor ETF (SMH) suffered a harsh reversal this week as top companies in the index shed over $500 billion in value following key earnings. S...
SMH: Still Perhaps The Best Way To Play America's Semiconductor Renaissance
VanEck Semiconductor ETF remains a buy, outperforming the S&P 500 and peers with strong YTD returns and high liquidity. SMH's heavy weighting in American semiconductor companies positions it to benefi...
Top 6 ETFs To Watch As Wall Street's Strongest Six Months Begin
Right now ahead of Halloween, the real suspense might be in ETF investing strategies. With markets seesawing between hopes for rate cuts and the resilience of earnings, investors are dusting off one o...
Chip Stocks Just Flashed The Same Signal That Flagged A 30% Crash Last Year
The semiconductor rally has gone from hot to overheated. Chip-stocks-tracking VanEck Semiconductor ETF (NASDAQ:SMH) is now stretched far above its 200-day moving average — the widest gap since July 20...
Satellites And Communications: Stellar Stocks Flying High On AI
Stocks in the communication services sector, especially satellites and equipment, have market-crushing momentum, and a handful remain Quant Strong Buys. As AI campuses proliferate across regions, ofte...
The Case for Forgotten Chipmakers. 3 Stocks With Bullish Charts.
As semiconductors continue to lead markets, three that haven't kept pace are poised to catch bids heading into year end.
Very good news for semiconductor ETFs like SOXX and SMH
Top semiconductor ETFs have rallied in the past few years as the tailwinds in the AI industry continued. The VanEck Semiconductor ETF (SMH) jumped to a high of $348 this month, up by 100% from its low...
5 chip stocks riding the OpenAI, Broadcom deal wave on Monday
Semiconductor shares rebounded sharply on Monday, recovering from Friday's steep selloff, after OpenAI and Broadcom announced a new artificial intelligence chip partnership and tensions between the US...
Chip stocks bounce on Broadcom, OpenAI deal and easing China tensions
Chip stocks bounced as OpenAI announced another computing deal with a major chipmaker and U.S.-China tensions eased. President Donald Trump said to not worry about China in a post to Truth Social over...
Renewed Tariff Fears Spotlight Top Performing Stocks Since April
Tariff fears have returned to markets just as stocks passed the six-month mark from April's "Liberation Day" bottom. In this article, I look back to find the highest performing stocks since the big Ap...
SMH: Likely To Keep Outperforming The Market And Move Higher
The VanEck Semiconductor ETF has outperformed major indices, driven by surging data center CapEx and AI-driven semiconductor demand. SMH offers concentrated exposure to leading semiconductor companies...
SMH: AI Mania In Full Swing - Peaking Volumes Imply Potential Implosion (Downgrade)
SMH has been well buoyed by the ongoing AI boom, the billion-dollar investments, and the insatiable demand for AI chips/SaaS across numerous monetization layers. This is especially since the market ha...