Qualcomm is SOXX’s second-largest component at a weight of almost 8%. Additionally, the fourth quarter is also usually a good time to chip equipment makers.
In the previous 10 fourth quarters, Applied Materials (NasdaqGM: AMAT), Advanced Semiconductor (NYSE: ASX), KLA Tencor (NasdaqGM: KLAC) and OSI Systems (NasdaqGM: OSIS) have finished higher eight times, according to The Seasonal Investor. Applied Materials and KLA Tencor combine for over 9% of SOXX’s weight.
All three of the ETFs mentioned here are up at least 21% this year.
iShares PHLX Semiconductor ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Intel.