HOLDRs Semiconductor (SMH) Buy, Sell or Hold

HOLDRs Semiconductor (SMH)

HOLDRs Semiconductor (SMH) is covered by Stockchase stock experts. Read their latest opinions, ratings and top picks below.

568.53

+8.25 (1.47%)

as of Sep 11, 2026, 8:00:00 pm Market Open.

29 watching

WAIT

Chip cycle -- play through a diversified ETF or via individual names?

He's used this ETF forever. If you're looking for something more nuanced, there are some AI-focused ones (but they're not just chips).

In the chip sector right now, there's a massive skew to call options versus puts. Calls are priced higher than puts, which is very unusual after a significant run of the kind we've had. Short term, he's bearish on the sector for a trade. Long term, you have to be bullish and buy dips. Right now, be very cautious.

WAIT

The best semi-conductor ETF probably. Market cap weighted so you get more exposure to the bigger ones. Good for trading in the US market, and is simple to get core exposure. He would wait. Notably NVDIA, which is overpriced. However, semi conductors are a huge part of digitization and should be a core holdings. Looking to add in the next couple quarters during weakness. Owns individual names with compelling PEs.

WAIT

The semiconductor sector has been ripping and now we are seeing sideway consolidation. The sector had gotten to extreme valuations. We can probably come back to the low range, with a 10% downside possible. It would be a buy at those levels. A long term buy but right now there is profit taking.

BUY

Top 2 or 3 ETFs until 2022. He likes SMH-N - semiconductors. XLF-N still has upside as the financials have underperformed. Canadian banks stick out as well. They are sitting on a whack of cash and have not been able to raise dividends. They will probably take some loan loss provisions back into earnings soon.

BUY

A concentrated portfolio of 25 names. Only 35 basis points. The demand/supply imbalance will last for some time. Semiconductors will be an important part of our lives, and demand will continue. Instead, he owns NVDA, a high growth name.

BUY

Semiconductors is a fast-moving sector with high valuations. Go with the 5G players. QCOM, which he owns, goes to the top of the list on valuation and potential growth. AMD has done exceptionally well, though valuation is a bit extreme. Not a bad way to play is through the SMH ETF. Nvidia has had the highest growth, but valuation also extreme. He wouldn't chase INTC, even though it's cheap.

BUY ON WEAKNESS

Companies like Apple are now bringing semi-conductors back in-house and the sector is seeing many changes. It's hard to see who will be the winner. The sector has run tremendously so he would wait for a pullback before putting money in.

BUY

If you are looking at a basket of tech stocks this will mitigate your risk.

HOLD

The period is seasonal strength for this is from the end of September until the end of January. Has basically been trading sideways for 8 months and finally broke out at about $35.25. The technical target based on the break out is $39.

PAST TOP PICK

(A Top Pick Dec 15/04. Down 4.3%.) Generally on semi-conductors, people love to trade. Good trading vehicle and a way to have exposure to the sector. Got out of that trade and made no money on it.

TOP PICK

All 3 Top Picks are in technology based on his theme that technology will be outperforming. Semiconducters are a leveraged way to play the market. Feels the stocks can do about $490 which are currently at $434 which is a 12/15% upside. Ideally would like to buy closer to $410. Better risk/reward trade there with a 20% upside.

TOP PICK

Top Short Multiple is extremely high relative to their growth. Either short or buy puts.

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HOLDRs Semiconductor (SMH) Frequently Asked Questions

What is HOLDRs Semiconductor stock symbol?

HOLDRs Semiconductor is a American stock, trading under the symbol SMH (previously SMH-N on Stockchase) on the NYSE Arca (SMH). It is usually referred to as AMEX:SMH or SMH

Is HOLDRs Semiconductor a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on SMH (previously SMH-N on Stockchase) on Stockchase. Read the latest expert commentary for HOLDRs Semiconductor.

Is HOLDRs Semiconductor a good investment or a top pick?

HOLDRs Semiconductor was recommended as a Top Pick by Larry Berman CFA, CMT, CTA on 2026-06-29. Read the latest stock experts ratings for HOLDRs Semiconductor.

Why is HOLDRs Semiconductor stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for HOLDRs Semiconductor.

Is HOLDRs Semiconductor worth watching?

HOLDRs Semiconductor is followed by 29 investors on Stockchase and is a trending stock that is worth watching.

What is HOLDRs Semiconductor stock price?

On 2026-09-11, HOLDRs Semiconductor (SMH) stock closed at a price of $568.53.

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HOLDRs Semiconductor (SMH)