We recently published 13 Best ADR Stocks to Invest In. ASML Holding is one of the best ADR stocks.
ASML Holding is one of the most important firms in the world since it is the only one capable of manufacturing high-end chip manufacturing machines. As a result, its equipment is also often the subject of global geopolitical controversies. The controversies once again surfaced on December 9th following a report from the Dutch television current affairs program Nieuwsuur. This report outlined that ASML Holding had sold equipment to a subsidiary of the Chinese chip manufacturing giant SMIC, the Shenzhen International Quantum Academy, and an entity linked to the Chinese army. In response, the firm commented that while it could not confirm the report, all its business dealings conformed with export control laws. ASML Holding’s high-end machines face export control regulations that prevent their sale to Chinese entities.
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The chip equipment maker’s dominance means that it is one of the top ADR stocks in our list. On December 3rd, Bank of America raised ASML Holding’s share price target to $1,331 from $1,092. Keeping a Buy rating on the shares, BofA outlined that the firm’s stock could experience a higher re-rating in 2027. It based the optimism on factors such as a growth in capital expenditure for lithography and improved margins.
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This article is originally published at Insider Monkey.
