5 Best Foreign Stocks to Buy Now

1. ASML Holding N.V. (NASDAQ:ASML)

Number of Hedge Fund Holders: 51

ASML Holding N.V. (NASDAQ:ASML) ranks #1 on our list of 10 Best Foreign Stocks to Buy Now given 51 hedge funds in our database held shares in the leading Dutch semiconductor company. ASML Holding N.V. (NASDAQ:ASML) shares have rallied more than 10x since the beginning of 2012 thanks to strong EPS growth. Given the substantial future expected growth in semiconductors and little expected competition in terms of its sector for at least another decade, analysts expect ASML Holding N.V. (NASDAQ:ASML) to continue to grow earnings per share in the future although potential geopolitical issues between China and the United States could eventually lead to some volatility along the way.

Baron Opportunity Fund commented on ASML Holding N.V. (NASDAQ:ASML) in a Q2 2022 investor letter,

ASML Holding N.V. designs and manufactures semiconductor production equipment. It specializes in photolithography equipment, where light sources are used to photo-reactively create patterns on wafers that become printed circuits. ASML is the dominant leader across all types of lithography but, most importantly, is the only company selling equipment for extreme ultra-violet (EUV) lithography, the latest generation technology.

Indeed, because of the stalling out of Moore’s Law, advanced lithography of larger and multi-patterned silicon chips has been critical for leading-edge chip manufacturing and continued improvement in semiconductor chip performance over time. The company is well positioned to continue growing above industry rates as it rapidly adds capacity across its entire business to meet rising industry demand, especially from leading-edge customers continuing to invest to stay ahead of their competitors and drive chip performance forward.

Additionally, the introduction of high-NA EUV technology in the middle of the decade will add another leg to the growth opportunity.

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