5 High Growth High Margin Stocks to Buy

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

EPS Next 5 Year Ratio According to FINVIZ.com: 21.67%

Profit Margin According to FINVIZ.com: 28.44%

Number of Hedge Fund Holders: 57

Veldhoven, Netherlands-based ASML Holding N.V. (NASDAQ:ASML) provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). It designs and manufactures the lithography machines that are an essential component in chip manufacturing.

On October 18, ASML Holding N.V. (NASDAQ:ASML) released its financial results for Q3 2023. Its revenue declined by 3% to €6.7 billion while net bookings declined nearly 42% to €2.6 billion, compared to the previous quarter.

On November 30, JP Morgan analyst Sandeep Deshpande raised the price target for ASML Holding N.V. (NASDAQ:ASML) shares to $878 from $726 and maintained an ‘Overweight’ rating. The target price represents a potential upside of 16.83% based on recent share price.

ASML Holding N.V. (NASDAQ:ASML) is a highly sought after semiconductor stock among hedge funds as 57 out of the 910 hedge funds tracked by Insider Monkey held its shares with a total value of $6.1 billion, as of Q3 2023. Ken Fisher’s Fisher Asset Management was its largest hedge fund shareholder with ownership of 4.9 million shares valued at $2.9 billion.