5 Best Global Stocks To Buy Now

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

Number of Hedge Fund Holders: 47

ASML Holding N.V. (NASDAQ:ASML) was founded in 1984 and is headquartered in Veldhoven, the Netherlands. The company develops, sells, and services advanced semiconductor equipment systems for memory and logic chipmakers. ASML Holding N.V. (NASDAQ:ASML) operates in Japan, South Korea, Singapore, Taiwan, China, the Netherlands, Europe, the United States, and the rest of Asia, making it one of the best global stocks to consider. 

On August 31, UBS analyst Francois-Xavier Bouvignies upgraded ASML Holding N.V. (NASDAQ:ASML) to Buy from Neutral with a price target of EUR 665, up from EUR 630. As per the analyst, ASML Holding N.V. (NASDAQ:ASML) is one of the “most attractive names” in the presently uncertain macro environment. The analyst believes the shares have limited downside due to the company’s solid visibility and pricing power.

According to Insider Monkey’s data, 47 hedge funds were long ASML Holding N.V. (NASDAQ:ASML) at the end of June 2022, compared to 46 in the preceding quarter. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is one of the leading stakeholders of the company, with 726,787 shares worth about $346 million. 

Here is what Baron Opportunity Fund has to say about ASML Holding N.V. (NASDAQ:ASML) in its 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.”