Analysts Project Significant Upside for SPDR S&P Semiconductor ETF
At ETF Channel, we’ve analyzed the holdings of the ETFs within our coverage universe. We compared the trading price of each holding against the average analyst 12-month forward target price, calculating the weighted average implied target price for the ETFs themselves. Regarding the SPDR S&P Semiconductor ETF (Symbol: XSD), our findings indicate an implied analyst target price of $299.90 per unit.
Currently, XSD trades around $218.72 per unit, suggesting analysts foresee a 37.11% upside. Several of XSD’s underlying holdings stand out for their potential gains: Synaptics Inc (Symbol: SYNA), Power Integrations Inc. (Symbol: POWI), and Diodes, Inc. (Symbol: DIOD). Recent data shows that SYNA, priced at $64.74/share, has an average analyst target of $97.14/share, reflecting a potential 50.05% increase. Likewise, POWI, currently at $55.59, has a target of $78.00/share, indicating a 40.31% upside. For DIOD, trading at $45.66, analysts project the stock could reach $63.33/share, or a 38.71% increase.
Below is a twelve-month price history chart comparing the stock performance of SYNA, POWI, and DIOD:
Collectively, SYNA, POWI, and DIOD make up 6.06% of the SPDR S&P Semiconductor ETF. Here’s a summary of the current analyst target prices for these companies:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| SPDR S&P Semiconductor ETF | XSD | $218.72 | $299.90 | 37.11% |
| Synaptics Inc | SYNA | $64.74 | $97.14 | 50.05% |
| Power Integrations Inc. | POWI | $55.59 | $78.00 | 40.31% |
| Diodes, Inc. | DIOD | $45.66 | $63.33 | 38.71% |
Are analysts justified in setting these targets, or are they too optimistic about where these stocks will trade in a year? It’s essential to consider if analysts base their targets on valid reasons or if they lag behind recent company and market developments. Elevated target prices compared to current trading prices may signal optimism, but they can also precede target price reductions if those targets are outdated. Investors should conduct thorough research to navigate these complexities.
10 ETFs With Most Upside To Analyst Targets »
also see:
• QQQX Historical Stock Prices
• Funds Holding GDI
• VBNK Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
