5 Best Semiconductor ETFs

4. Invesco Semiconductors ETF (NYSE:PSI)

5-year Share Price Performance as of March 13: 213.01%

Invesco Semiconductors ETF (NYSE:PSI) tracks the performance of the Dynamic Semiconductor Intellidex Index, aiming to invest at least 90% of its assets in common stocks from the index. Established on June 23, 2005, Invesco Semiconductors ETF (NYSE:PSI) holds a portfolio of 31 stocks as of March 13, 2024, with an expense ratio of 0.57%. Invesco Semiconductors ETF (NYSE:PSI) is one of the best semiconductor ETFs to buy. 

Micron Technology, Inc. (NASDAQ:MU) is one of the top holdings of Invesco Semiconductors ETF (NYSE:PSI). Stifel upgraded Micron Technology, Inc. (NASDAQ:MU) on March 7, highlighting discrepancies in consensus estimates for 2025 as “well wrong and too low.” Analyst Brian Chin noted tightening supply in dynamic random access memory (DRAM) and predicted a recovery into the mid-90s percentile by mid-year. Consequently, Chin raised Micron’s rating to Buy from Hold and increased the price target on the shares from $80 to $120.

According to Insider Monkey’s fourth quarter database, 92 hedge funds were bullish on Micron Technology, Inc. (NASDAQ:MU), compared to 90 funds in the last quarter.