ASML (NASDAQ:ASML) Reaches New 1-Year High – Should You Buy?

Shares of ASML Holding N.V. (NASDAQ:ASML) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $1,602.60 and last traded at $1,587.9310, with a volume of 1263896 shares traded. The stock had previously closed at $1,520.94.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ASML shares. Wall Street Zen downgraded ASML from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Santander downgraded ASML from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 22nd. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research report on Wednesday, April 8th. Weiss Ratings upgraded ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Finally, TD Cowen restated a “buy” rating on shares of ASML in a research report on Wednesday, January 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,504.38.

ASML Stock Performance

The stock has a market cap of $622.00 billion, a PE ratio of 56.73, a P/E/G ratio of 1.28 and a beta of 1.81. The company has a fifty day moving average price of $1,405.10 and a 200 day moving average price of $1,271.69. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The firm had revenue of $10.15 billion for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. Analysts expect that ASML Holding N.V. will post 37.08 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Cornerstone Financial Management LLC purchased a new position in shares of ASML in the fourth quarter worth about $26,000. Portus Wealth Advisors LLC purchased a new position in ASML during the 1st quarter valued at about $32,000. Resources Management Corp CT ADV increased its holdings in ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. Manning & Napier Advisors LLC purchased a new position in ASML during the 3rd quarter valued at about $25,000. Finally, North Star Investment Management Corp. increased its holdings in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

About ASML

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.