3 ETFs ເຫຼົ່ານີ້ຊ່ວຍໃຫ້ທ່ານຫລິ້ນຂະແຫນງການ semiconductor ຮ້ອນ, ບ່ອນທີ່ Nvidia, Micron, AMD ແລະອື່ນໆກໍາລັງເຕີບໂຕການຂາຍຢ່າງໄວວາ.

Semiconductor stocks may continue to be an excellent area of the market for investors, even though the prospect of a long period of rising interest rates has put pressure on some high-flying technology stocks.

On Tuesday, investors sent chipmakers’ stocks higher after Taiwan Semiconductor Manufacturing Co.
TSM
reported double-digit increases in fourth-quarter sales and earnings, and said capital expenditures in 2022 would total between $40 billion and $44 billion.

The reason chipmakers may be one of the best tech-oriented plays: Demand is rising for semiconductors used in vehicles and all sorts of devices.

Below is a screen of 44 stocks held by three exchange traded funds that are focused on the semiconductor industry.

The three funds have varying approaches. First, here are their average annual returns for various periods against those of the SPDR S&P 500 ETF Trust
SPY
ແລະ Invesco QQQ Trust
QQQ,
which tracks the Nasdaq-100 Index:

ETF

Ticker

ຜົນຕອບແທນສະເລ່ຍ - 3 ປີ

ຜົນຕອບແທນສະເລ່ຍ - 5 ປີ

ຜົນຕອບແທນສະເລ່ຍ - 10 ປີ

ຜົນຕອບແທນສະເລ່ຍ - 15 ປີ

ຫຸ້ນ iShares Semiconductor ETF

 
SOXX
 

49.7%

35.4%

27.5%

16.7%

SPDR S&P Semiconductor ETF

 
XSD
50.1%

32.8%

26.2%

16.5%

VanEck Semiconductor ETF

 
SMH
50.8%

35.1%

27.0%

18.1%

SPDR S&P 500 ETF Trust

 
SPY
 

24.2%

17.8%

16.0%

10.4%

Invesco QQQ ໄວ້ວາງໃຈ

 
QQQ
 

25.3%

27.2%

20.4%

15.7%

ແຫຼ່ງຂໍ້ມູນ: FactSet

The semiconductor ETFs have outperformed SPY and QQQ by wide margins for all periods. Their performance has been similar, but mixed, with the VanEck Semiconductor ETF
SMH
taking the prize for the three-year and 15-year periods.

iShares Semiconductor ETF
SOXX
has had the best average returns for five years and 10 years. The SPDR S&P Semiconductor ETF
XSD
ranks second for three years but trails the other two for all other periods on the table.

Here’s more about the semiconductor ETFs:

  • SOXX is the largest, with $9.9 billion in total assets. It holds the 30 stocks in the PHLX Semiconductor Index — the 30 largest U.S. -listed companies (including American depositary receipts for non-U.S. companies) that make computer chips or provide equipment or services used to make them. ADRs are capped at 10% of the portfolio. The ETF is weighted by market capitalization, with limits of 8% for the five largest holdings and 4% for the rest. It is highly concentrated, with the top five stocks (Broadcom Inc.
    AVGO,
    ບໍລິສັດ Qualcomm Inc.
    QCOM,
    ບໍລິສັດ Nvidia Corp.
    NVDA,
    ບໍລິສັດ Intel Corp.
    INTC
    ແລະ Advanced Micro Devices Inc.
    AMD
    ) making up 35% of the portfolio.

  • XSD has $1.6 billion in assets and holds 40 stocks of semiconductor companies of various sizes included in the S&P Total Market Index. The portfolio is equal-weighted and rebalanced quarterly. According to FactSet, the equal weighting “tilts its portfolio away from large, well-known companies and toward smaller growth ones.”

  • SMH has $1.3 billion in assets and holds 25 U.S.-listed stocks or ADRs, selected through a modified cap-weighted methodology that doesn’t put a limit on the percentage of non-U.S. companies in the portfolio. So the largest holding is Taiwan Semiconductor, which makes up 10.5% of the portfolio, while only accounting for 4% of the SOXX portfolio.

There’s something to be said for each of the ETFs’ approaches, and long-term investors looking for the broadest take on the industry might be well-served holding shares of all three.

Now let’s look at forward price-to-earnings ratios based on the consensus estimates for the next 12 months among analysts polled by FactSet, as well as expected compound annual growth rates for sales per share, earnings per share and free cash flow per share through 2023:

ບໍ​ລິ​ສັດ

Ticker

ສົ່ງຕໍ່ P / E

Two-year estimated sales CAGR

EPS CAGR ຄາດຄະເນສອງປີ

Two-year estimated FCF CAGR

ຫຸ້ນ iShares Semiconductor ETF

SOXX 20.67

10%

11%

15%

SPDR S&P Semiconductor ETF

XSD 25.02

11%

19%

23%

VanEck Semiconductor ETF

SMH 21.9

11%

12%

15%

SPDR S&P 500 ETF Trust

SPY 20.82

6%

9%

12%

Invesco QQQ ໄວ້ວາງໃຈ

QQQ 28.29

10%

11%

15%

ແຫຼ່ງຂໍ້ມູນ: FactSet

What stands out are the highest P/E valuation for QQQ and the highest expected EPS and free-cash-flow CAGR for XSD through 2023.

XSD is also the most expensive of the three semiconductor ETFs on a forward P/E basis. Then again, it is considerably cheaper than QQQ on this basis and is expected to grow EPS and FCF much more quickly.

Semiconductor stock screen

If we take the three ETF portfolios together, removing duplicates, we’re left with a list of 45 stocks. Consensus estimates for sales per share and earnings per share through calendar 2023 are available for 44 of them. For some, free cash flow estimates aren’t available, and these are marked “N/A.” If a company is expected to report negative earnings for a calendar year, the EPS CAGR will also be marked “N/A.” For more detail on any of the companies, click on the tickers.

The list of 44 semiconductor-industry stocks is sorted by estimated two-year sales CAGR through 2023:

ບໍ​ລິ​ສັດ

Ticker

Two-year estimated sales CAGR

EPS CAGR ຄາດຄະເນສອງປີ

Two-year Estimated FCF CAGR

Wolfspeed Inc.

WOLF 36.9%

N / A

N / A

ບໍລິສັດ Marvell Technology Inc.

MRVL 26.2%

36.3%

77.7%

ໄຕ້ຫວັນ Semiconductor ການຜະລິດຈໍາກັດ ADR

TSM 20.5%

22.2%

52.0%

Analog Devices Inc

ADI 20.5%

14.4%

N / A

Universal Display Corp.

OLED 20.4%

28.6%

40.1%

ບໍລິສັດ SunPower

ສ. ວ. ສສະຫງວນລຂິະສດິ 19.6%

75.0%

N / A

Monolithic Power Systems Inc.

ມ. ສ 19.1%

21.1%

13.7%

ບໍລິສັດ Nvidia Corp.

NVDA 18.8%

21.2%

37.5%

ບໍລິສັດ Micron Technology Inc.

MU 16.9%

33.1%

73.1%

Advanced Micro Devices Inc.

AMD 16.0%

24.7%

12.9%

ບໍລິສັດ Entegris Inc.

ENTG 15.5%

16.7%

3.3​-%

Lattice Semiconductor Corp.

LSCC 15.3%

28.7%

N / A

Synaptics Inc.

SYNA 14.7%

18.7%

N / A

Allegro MicroSystems Inc.

ALGM 13.5%

21.6%

35.0%

ASML ຖື NV ADR

ASML 13.1%

18.6%

20.9%

Silicon Laboratories Inc.

SLAB 12.6%

32.5%

N / A

Smart Global Holdings Inc.

SGH 11.9%

11.4%

N / A

ບໍລິສັດ Synopsys Inc.

SNPS 11.6%

14.8%

4.4%

ບໍລິສັດ Qualcomm Inc.

QCOM 11.6%

13.5%

21.4%

ບໍລິສັດ Semtech

SMTC 10.2%

18.6%

18.6%

ບໍລິສັດ MaxLinear Inc.

ມມລ 9.8%

12.3%

0.6​-%

ບໍລິສັດ KLA Corp.

ຄກລ 9.8%

12.6%

4.7%

ບໍລິສັດ Qorvo Inc.

QRVO 9.3%

12.7%

35.4%

ຫຸ້ນ NXP Semiconductors NV

NXPI 9.3%

11.7%

12.4%

ບໍລິສັດ Skyworks Solutions Inc.

ສສ 9.1%

10.2%

N / A

ບໍລິສັດ

AMAT 9.0%

12.6%

N / A

STMicroelectronics NV ADR RegS

STM 9.0%

15.7%

89.3%

ບໍລິສັດ Teradyne Inc.

TER 8.6%

11.0%

18.1%

ບໍລິສັດ Cadence Design Systems Inc.

CDNS 8.5%

10.6%

8.8%

ບໍລິສັດ Xilinx Inc.

XLNX 8.3%

16.8%

N / A

ບໍລິສັດ Microchip Technology Inc.

ມຊ 8.2%

10.8%

11.1%

ບໍລິສັດ Solar First ທຳ ອິດ.

FSLR 8.2%

5.7​-%

N / A

Diodes Inc.

DIOD 8.0%

13.4%

76.2%

ບໍລິສັດ Broadcom Inc.

AVGO 7.8%

12.8%

N / A

United Microelectronics Corp. ADR

UMC 7.7%

6.2%

20.7%

ບໍລິສັດວິໄຈ Lam

LRCX 7.7%

11.2%

# N / A

Power Integrations Inc.

POWI 7.2%

4.7%

1.9%

ASE Technology Holding Co., Ltd. ADR

asx 7.0%

2.8%

N / A

Cirrus Logic Inc.

CRUS 5.5%

9.3%

N / A

Rambus Inc.

RMBS 5.5%

7.8%

9.6%

ON ບໍລິສັດ Semiconductor Corp.

ON 5.3%

11.9%

6.4%

MKS Instruments Inc.

MKSI 5.3%

5.0%

9.0%

ບໍລິສັດ Texas Instruments Inc.

TXN 5.3%

5.0%

6.2%

ບໍລິສັດ Intel Corp.

INTC 2.1%

15.7​-%

54.7​-%

ແຫຼ່ງຂໍ້ມູນ: FactSet

Wolfspeed Inc.
WOLF
is expected by analysts to achieve the most rapid pace for sales growth through 2023. However, it isn’t expected to turn an annual profit until 2023, so the EPS CAGR is marked “N/A.”

Any stock screen is limited, but can help you begin your own research. Click on the tickers for more about each company. Click here for Tomi Kilgore’s detailed guide to the wealth of information for free on the MarketWatch quote page.

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Source: https://www.marketwatch.com/story/these-3-etfs-let-you-play-the-hot-semiconductor-sector-where-nvidia-micron-amd-and-others-are-growing-sales-rapidly-11642167077?siteid=yhoof2&yptr=yahoo