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AVGOP - iShares PHLX Semiconductor ETF Is Expensive But Long-Term Growth Outlook Appears To Be Favorable
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock Series A
ETF Overview
iShares PHLX Semiconductor ETF (SOXX) owns a portfolio of large-cap semiconductor stocks. The fund seeks to track the investment results of the PHLX Semiconductor Sector Index. Stocks in SOXX's portfolio should continue to enjoy favorable industry fundamental as the semiconductor industry is set to grow at a rate of 7.67% annually through 2024. In addition, stocks in SOXX's portfolio have a competitive position over their peers with moderate financial strength. However, these stocks are quite expensive than their historical averages. Therefore, we do not think the current risk and rewards profile is attractive.