Should You Consider Investing in ASML Holding (ASML)?

·2 min read

Harding Loevner, an investment management firm, published its “Global Equity Fund” third-quarter 2021 investor letter – a copy of which can be downloaded here. A return of -1.31% was recorded by the fund for the third quarter of 2021, trailing its Benchmark, the MSCI World Index, which returned 0.09% for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Harding Loevner Global Equity Fund, in its Q3 2021 investor letter, mentioned ASML Holding N.V. (NASDAQ: ASML) and discussed its stance on the firm. ASML Holding N.V. is a Veldhoven, Netherlands-based semiconductor company with a $318.8 billion market capitalization. ASML delivered a 58.19% return since the beginning of the year, while its 12-month returns are up by 66.14%. The stock closed at $771.52 per share on December 03, 2021.

Here is what Harding Loevner Global Equity Fund has to say about ASML Holding N.V. in its Q3 2021 investor letter:

"To keep innovating, foundries like those operated by TSMC and Samsung rely on capital equipment made by ASML, a Dutch company that enjoys a near-monopoly in lithography, a specialized process that allows for an increase in the density of transistors and their connections on each silicon wafer. The chips, in addition to getting denser, are also getting architecturally more complex, which presents a challenge for both chip designer and fabricator alike."

Semiconductor
Semiconductor

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Based on our calculations, ASML Holding N.V. (NASDAQ: ASML) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. ASML was in 41 hedge fund portfolios at the end of the third quarter of 2021, compared to 44 funds in the previous quarter. ASML Holding N.V. (NASDAQ: ASML) delivered a -10.09% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.

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