Broadcom Guidance Weighs on Semiconductor ETFs

Date : 06/14/2019 @ 7:46PM
Source : Dow Jones News
Stock : Intel Corporation (INTC)
Quote : 52.445  0.0 (0.00%) @ 2:25PM
Intel share price Chart

Broadcom Guidance Weighs on Semiconductor ETFs

Broadcom (NASDAQ:AVGO)
Historical Stock Chart

6 Months : From Apr 2019 to Oct 2019

Click Here for more Broadcom Charts.

By Francesca Fontana


A number of ETFs with high exposure to Broadcom Inc. (AVGO) fell Friday after the chip maker lowered its revenue outlook amid trade tensions with China. Broadcom shares lost 6.5% and other semiconductor stocks are among the top losers in the S&P 500 today.

Among the ETFs with Broadcom among their top 10 holdings are ProShares Ultra Semiconductors (USD), First Trust NASDAQ Semiconductor ETF (FTXL) and Direxion Daily Semiconductor Bull 3X Shares (SOXL).

The ProShares-issued USD is a leveraged fund that seeks to provide two times the exposure to a market-cap-weighted index that tracks the performance of large U.S. semiconductor companies, according to Among its top 10 holdings are Intel (INTC) and Nvidia (NVDA). USD declined 5.2% to $35.79, according to FactSet.

FTXL, issued by First Trust, tracks an index of highly liquid U.S. semiconductor companies, weighted by factors related to value, volatility, and growth, according to Among its top 10 holdings are InterDigital (IDCC) and Analog Devices (ADI). FTXL lost 3.1% to $30.42.

SOXL, issued by Rafferty Asset Management, aims to provide 3 times the daily exposure to a modified market-cap-weighted index of companies involved in the design, distribution, manufacture and sale of semiconductors, according to Among its top 10 holdings are Texas Instruments (TXN) and Qualcomm (QCOM). SOXL was off 8.5% to $119.50.

Broadcom Inc. said late Thursday that it would make $2 billion less in annual sales than expected following the U.S. ban on exports to Chinese telecom giant Huawei Technologies Co., becoming one of the first big chip makers to quantify the financial effects of the escalating trade dispute between the U.S. and China.


Write to Francesca Fontana at


(END) Dow Jones Newswires

June 14, 2019 14:31 ET (18:31 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest INTC Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20191017 13:42:54