Is ASML Holding NV (ADR) (ASML) A Good Stock To Buy?

As aggregate interest increased, some big names have jumped into ASML Holding NV (ADR) (NASDAQ:ASML) headfirst. Two Sigma Advisors, led by John Overdeck and David Siegel, created the most outsized position in ASML Holding NV (ADR) (NASDAQ:ASML). Two Sigma Advisors had $2.6 million invested in the company at the end of the third quarter. Ken Griffin’s Citadel Investment Group also made a $1.1 million investment in the stock during the quarter. The following funds were also among the new ASML investors: Mike Vranos’ Ellington and Drew Cupps’ Cupps Capital Management.

Let’s now take a look at hedge fund activity in other stocks similar to ASML Holding NV (ADR) (NASDAQ:ASML). We will take a look at 58.com Inc (ADR) (NYSE:WUBA), Gaming and Leisure Properties Inc (NASDAQ:GLPI), Leucadia National Corp. (NYSE:LUK), and Omega Healthcare Investors Inc (NYSE:OHI). All of these stocks’ market caps resemble ASML’s market cap.

As you can see these stocks had an average of 24 hedge funds with bullish positions and the average amount invested in these stocks was $692 million. That figure was $169 million in ASML’s case. Gaming and Leisure Properties Inc (NASDAQ:GLPI) is the most popular stock in this table. On the other hand Omega Healthcare Investors Inc (NYSE:OHI) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks ASML Holding NV (ADR) (NASDAQ:ASML) is even less popular than OHI. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock.

Disclosure: None