ASML (NASDAQ:ASML) Hits New 52-Week High – Should You Buy?

ASML Holding N.V. (NASDAQ:ASML) shares hit a new 52-week high on Thursday . The stock traded as high as $1,392.58 and last traded at $1,391.5420, with a volume of 143847 shares. The stock had previously closed at $1,360.09.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ASML. Rothschild Redb upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a report on Friday, January 16th. Susquehanna reiterated a “positive” rating on shares of ASML in a research note on Monday, January 12th. Wells Fargo & Company boosted their price objective on ASML from $1,140.00 to $1,450.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, Redburn Partners set a $1,200.00 price objective on shares of ASML in a report on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $1,407.00.

ASML Price Performance

The company has a 50 day moving average of $1,120.37 and a 200 day moving average of $954.40. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. The stock has a market capitalization of $542.30 billion, a price-to-earnings ratio of 56.09, a PEG ratio of 1.83 and a beta of 1.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capstone Wealth Management Group LLC grew its position in shares of ASML by 5.2% in the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after buying an additional 124 shares during the last quarter. AQR Capital Management LLC boosted its stake in ASML by 141.1% in the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock valued at $4,553,000 after acquiring an additional 4,021 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of ASML by 153.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock worth $11,404,000 after purchasing an additional 10,411 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of ASML by 1.3% during the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock worth $936,000 after purchasing an additional 15 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its position in shares of ASML by 1.3% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 1,755 shares of the semiconductor company’s stock worth $1,406,000 after purchasing an additional 23 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.