Analysts Project Growth for Invesco PHLX Semiconductor ETF
Recent analysis reveals a potential upside for the Invesco PHLX Semiconductor ETF (Symbol: SOXQ) based on the underlying stocks it holds.
After comparing the trading prices of SOXQ’s holdings with the average 12-month analyst target prices, the implied target for the ETF stands at $47.62 per unit. Currently, SOXQ trades around $40.27, suggesting a significant upside of 18.25%. Key players driving this sentiment include Qorvo Inc (Symbol: QRVO), Advanced Micro Devices Inc (Symbol: AMD), and Skyworks Solutions Inc (Symbol: SWKS).
For instance, although QRVO recently traded at $67.28 per share, analysts have set a higher average target of $94.44, indicating a 40.36% upside. AMD, currently priced at $143.62, could climb 32.86% if it meets the analyst target of $190.81. Meanwhile, SWKS, trading at $87.04, shows a potential rise of 28.47% to reach its target price of $111.82. Below is a 12-month price history chart comparing the stock performance of QRVO, AMD, and SWKS:
Combined, these three companies represent 9.45% of the Invesco PHLX Semiconductor ETF. The following table summarizes the current analyst target prices for these stocks:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Invesco PHLX Semiconductor ETF | SOXQ | $40.27 | $47.62 | 18.25% |
| Qorvo Inc | QRVO | $67.28 | $94.44 | 40.36% |
| Advanced Micro Devices Inc | AMD | $143.62 | $190.81 | 32.86% |
| Skyworks Solutions Inc | SWKS | $87.04 | $111.82 | 28.47% |
These projections raise important questions: Are the analysts’ targets realistic, or do they reflect overly optimistic expectations? Investors should consider recent developments within these companies and the broader industry to better evaluate these predictions.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
