VanEck Semiconductor ETF (SMH)
| Assets | $48.31B |
| Expense Ratio | 0.35% |
| PE Ratio | 45.22 |
| Shares Out | 113.39M |
| Dividend (ttm) | $1.10 |
| Dividend Yield | 0.27% |
| Ex-Dividend Date | Dec 22, 2025 |
| Payout Ratio | 11.92% |
| 1-Year Return | +66.67% |
| Volume | 9,044,333 |
| Open | 403.26 |
| Previous Close | 412.01 |
| Day's Range | 401.88 - 409.24 |
| 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
74.84% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 18.24% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 11.35% |
| Broadcom Inc. | AVGO | 6.85% |
| Micron Technology, Inc. | MU | 6.43% |
| ASML Holding N.V. | ASML | 5.93% |
| Lam Research Corporation | LRCX | 5.80% |
| Applied Materials, Inc. | AMAT | 5.57% |
| KLA Corporation | KLAC | 5.02% |
| Analog Devices, Inc. | ADI | 4.88% |
| Texas Instruments Incorporated | TXN | 4.78% |
Dividends
| 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 |
News
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.