5 Semiconductor Stocks To Buy Today According to Billionaire Ken Fisher

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

Fisher Asset Management’s Stake Value: $3.4 billion

Percentage of Fisher Asset Management’s 13F Portfolio: 1.9%

Number of Hedge Fund Holders: 41

ASML Holding N.V. (NASDAQ:ASML) is a Dutch company that is the only one in the world that manufactures advanced machines that are capable of fabricating semiconductors with advanced technologies. The company’s products are used by the world’s leading chipmakers, such as the Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) and Intel Corporation (NASDAQ:INTC).

As its fourth fiscal quarter came to an end, ASML Holding N.V. (NASDAQ:ASML) had earned €4.98 billion in revenue and €4.27 in GAAP EPS, missing analyst estimates for revenue. 41 of the 924 hedge funds surveyed by Insider Monkey in Q4 2021 owned the company’s shares, and research firm Jefferies initiated coverage of the company’s stock in February 2022 with a €700 price target.

Fisher Asset Management’s $3.4 billion stake in the company through owning 4.2 million shares reflects the firm’s keen eye on the chip sector. ASML Holding N.V. (NASDAQ:ASML) is the most important semiconductor company in the world due to it being the sole source for advanced chipmaking machines, and this stake, which is the largest among the investment firm’s semiconductor holdings, is reflective of this fact.

Polen Capital mentioned ASML Holding N.V. (NASDAQ:ASML) in its Q2 2021 investor letter. Here is what the firm said:

“Dutch technology company ASML is the world’s only supplier of photolithography systems to leading-edge semiconductor manufacturers. It is a gross simplification and a valid point to note that ASML’s technology enables the computing technology we use today. For years, ASML engineers bent the laws of physics and enabled Moore’s Law—which states that computer chips will become faster and cost less—to progress.

Incremental innovation gains mushroomed with the rollout of Extreme Ultraviolet (EUV) technology. We were impressed by management’s recent acknowledgment that demand for ASML’s lithography systems is exceeding their prior expectations. Recent announcements by management and major customers for ASML give us even more confidence in the sustainability of growth. We believe ASML could grow its earnings at a high-teens rate over the coming five years.”

Disclosure: None. You can also take a peek at the 10 Best Stocks To Buy and Hold For 5 Years and 15 Best E-Commerce Stocks To Buy Now.

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