5 Best Semiconductor Equipment Stocks to Buy

3. ASML Holding N.V. (NASDAQ:ASML) 

Number of Hedge Fund Holders: 59

On April 19, ASML Holding N.V. (NASDAQ:ASML) announced earnings for the fiscal first quarter of 2023. The company reported an EPS of $5.42 and outperformed EPS estimates by $0.88. The company’s revenue for the quarter amounted to $7.39 billion, up 92.73% year over year and ahead of Wall Street estimates by $465.72 million. As of April 26, the stock has surged 26% over the past 6 months. ASML Holding N.V. (NASDAQ:ASML) is placed third among the best semiconductor equipment stocks to buy now.

This April, Deutsche Bank analyst Robert Sanders updated his price target on ASML Holding N.V. (NASDAQ:ASML) to EUR 650 from EUR 675 and maintained a Buy rating on the shares.

59 hedge funds disclosed having stakes in ASML Holding N.V. (NASDAQ:ASML) at the close of the fourth quarter of 2022. The total value of these stakes amounted to $5 billion. As of December 31, GQG Partners is the largest shareholder in the company and has a stake worth $305.7 million.

ClearBridge Investments made the following comment about ASML Holding N.V. (NASDAQ:ASML) in its Q4 2022 investor letter:

“ASML Holding N.V. (NASDAQ:ASML) makes semiconductor chip manufacturing equipment and is a leading supplier of lithography systems to the semiconductor industry. We expect ASML to grow above expectations as its innovative EUV technology is deployed and industry capacity expands. This in turn should lead to margin expansion and earnings leverage. In addition to more visible growth and profitability drivers relative to Intel, ASML also has a stronger balance sheet and higher returns on capital. As a semiconductor capital equipment provider, ASML directly improves the energy efficiency of semiconductor manufacturing, and governance and diversity initiatives at ASML are best in class.”