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Weekly Sector Update – SOXX ($)

SOXX is iShares PHLX Semiconductor ETF. It rated number two and is out of the penalty box (NewArc Investments does hold this ETF). IBB is the top rated ETF which we discussed last week. But. this week it is out of the penalty box and our company, NewArc Investments, does hold it as well for our Felix trading accounts.

Investor Take

SOXX has a P/E ratio of 27.96 and a yield of 1.20%.  It is not unusual for this sector to have a high P/E, but the valuation must be justified by growth.  The yield is not much of a kicker for the long-term investor.  The top ten holdings are all stocks that we have held individually at some point or another, usually for trading purposes. There are not a lot of surprises here.  Some of the largest holdings (especially INTC and QCOM) are much lower in P/E, so it is a mixture of growth  and “old growth.”

Top Holdings*             as of 3/5/2014         View all holdings

Name % of Fund
TEXAS INSTRUMENTS INC                     7.46%
QUALCOMM INC                     7.39%
INTEL CORP                     7.29%
MICRON TECHNOLOGY INC                     6.79%
APPLIED MATERIALS INC                     5.99%
AVAGO TECHNOLOGIES LTD                     4.29%
BROADCOM CORP-CL A                     4.02%
SANDISK CORP                     3.98%
XILINX INC                     3.91%
NXP SEMICONDUCTORS NV                     3.90%
Total 55.03%

Trader Take

The chart for SOXX is as Felix expects there are no sixes, sevens nor eights here, only nines and tens will do for our Felix. He likes them pretty and that is what this chart is.


Model Output

The ratings are flat as far as strengths. The penalty box woke up this week. There are only 25% of the ETFs in the penalty box. It is a buffet of ETFs to choose from. Glory days are here again. Happy, happy, happy.


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