ASML Could Be a No-Brainer Buy in March
The leading semiconductor equipment maker is still a great long-term investment.

ASML Holding (NASDAQ: ASML) is one of the world's most important semiconductor equipment companies. It's the largest supplier of photolithography systems for optically etching circuit patterns onto silicon wafers.
It's also the only producer of high-end extreme ultraviolet (EUV) lithography systems for manufacturing the world's smallest, densest, and most power-efficient chips. All of the world's top foundries -- including Taiwan Semiconductor Manufacturing, Samsung, and Intel -- use those systems.
But over the past 12 months, ASML's stock declined 25% as the Nasdaq Composite rallied nearly 20%. That pullback, which was largely driven by macro and regulatory concerns, could represent a great buying opportunity for three simple reasons.