Howard Capital Management Group LLC Makes New $29.03 Million Investment in iShares Semiconductor ETF $SOXX

Howard Capital Management Group LLC purchased a new position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 51,054 shares of the exchange traded fund’s stock, valued at approximately $29,031,000. iShares Semiconductor ETF comprises approximately 1.8% of Howard Capital Management Group LLC’s holdings, making the stock its 21st biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in SOXX. Bank of America Corp DE boosted its position in shares of iShares Semiconductor ETF by 20.9% in the 1st quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock worth $1,023,867,000 after buying an additional 538,125 shares in the last quarter. Bank of Nova Scotia grew its stake in iShares Semiconductor ETF by 88.5% in the 1st quarter. Bank of Nova Scotia now owns 851,229 shares of the exchange traded fund’s stock valued at $279,766,000 after acquiring an additional 399,612 shares during the last quarter. Royal Bank of Canada increased its holdings in iShares Semiconductor ETF by 28.3% during the 1st quarter. Royal Bank of Canada now owns 433,384 shares of the exchange traded fund’s stock valued at $142,437,000 after acquiring an additional 95,669 shares in the last quarter. Noked Israel Ltd purchased a new position in iShares Semiconductor ETF during the 1st quarter valued at about $114,725,000. Finally, Cetera Investment Advisers increased its holdings in iShares Semiconductor ETF by 7.1% during the 1st quarter. Cetera Investment Advisers now owns 181,101 shares of the exchange traded fund’s stock valued at $59,521,000 after acquiring an additional 11,947 shares in the last quarter.

iShares Semiconductor ETF Price Performance

SOXX traded down $21.32 during midday trading on Friday, reaching $493.39. 14,624,566 shares of the company’s stock were exchanged, compared to its average volume of 8,290,725. The stock has a market capitalization of $40.51 billion, a PE ratio of 31.84 and a beta of 1.80. The business’s 50-day moving average price is $536.87 and its 200 day moving average price is $522.25. iShares Semiconductor ETF has a 1-year low of $260.44 and a 1-year high of $655.95.

iShares Semiconductor ETF shares are going to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be distributed to shareholders after the market closes on Wednesday, November 4th.

iShares Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.3250 per share. This is a positive change from iShares Semiconductor ETF’s previous quarterly dividend of $0.2827. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.3%.

Key iShares Semiconductor ETF News

Here are the key news stories impacting iShares Semiconductor ETF this week:

• Positive Sentiment: Some analysts view the semiconductor pullback as a potential buying opportunity, citing continued AI demand, strong long-term revenue forecasts and relatively attractive valuations in parts of the sector. Buy the Dip in Semiconductor Stocks & ETFs?
• Positive Sentiment: A market outlook calling for a year-end recovery could support SOXX if rate concerns ease and investors return to growth and AI stocks. Why This Market Washout Will Spark a Year-End Rally
• Neutral Sentiment: The ETF is scheduled to add Advanced Micro Devices (AMD) and Intel (INTC), changing its portfolio exposure and potentially increasing sensitivity to those companies’ earnings and outlooks. iShares PHLX SOX Semiconductor Adds AMD and INTC
• Negative Sentiment: SOXX’s nine-session losing streak reflects an unusually broad semiconductor selloff, with weakness extending across U.S. and Asian chip markets and optical-component stocks. Chip Stocks Endure Longest Losing Streak Since 2006
• Negative Sentiment: Investors are increasingly worried that higher interest rates and inflation will pressure high-growth technology valuations, while the cost and financing of the AI buildout may not justify current expectations. US Chip Stocks Set to Wipe Out $2 Trillion
• Negative Sentiment: Credit concerns surrounding CoreWeave have added to fears about the financial sustainability of AI infrastructure spending, intensifying selling across chip and AI beneficiaries. Global AI and Semiconductor Stocks Lose Over $1 Trillion

iShares Semiconductor ETF Profile

iShares PHLX Semiconductor ETF, formerly iShares PHLX SOX Semiconductor Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States-listed semiconductor stocks as represented by the PHLX Semiconductor Sector Index (the Index). The Index is an equity benchmark for the United States-listed semiconductor stocks. The Index includes companies primarily involved in the design, distribution, manufacture and sale of semiconductors.