ASML (NASDAQ:ASML) Sets New 1-Year High – Here’s What Happened

ASML Holding N.V. (NASDAQ:ASML) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $1,973.53 and last traded at $1,975.4130, with a volume of 616415 shares trading hands. The stock had previously closed at $1,883.11.

Wall Street Analyst Weigh In

Several research firms have issued reports on ASML. Royal Bank Of Canada increased their target price on ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Sanford C. Bernstein restated a “buy” rating on shares of ASML in a research note on Monday, June 15th. Berenberg Bank restated a “buy” rating on shares of ASML in a research report on Friday, May 8th. Weiss Ratings lowered shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Susquehanna reissued a “positive” rating on shares of ASML in a research note on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $1,772.62.

ASML Stock Up 4.0%

The stock’s 50 day simple moving average is $1,637.92 and its two-hundred day simple moving average is $1,431.76. The firm has a market cap of $770.16 billion, a P/E ratio of 70.28, a P/E/G ratio of 1.36 and a beta of 1.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The company had revenue of $10.15 billion for the quarter. As a group, research analysts forecast that ASML Holding N.V. will post 36.69 earnings per share for the current year.

Hedge Funds Weigh In On ASML

Several large investors have recently modified their holdings of ASML. Fisher Asset Management LLC lifted its stake in shares of ASML by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after buying an additional 132,353 shares in the last quarter. Capital International Investors increased its holdings in ASML by 17.3% in the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after buying an additional 577,448 shares in the last quarter. Van ECK Associates Corp raised its position in ASML by 16.6% in the 3rd quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock worth $2,079,948,000 after buying an additional 305,435 shares during the last quarter. Bank of America Corp DE lifted its stake in ASML by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock valued at $1,805,733,000 after acquiring an additional 142,763 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of ASML by 6.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock valued at $2,168,227,000 after purchasing an additional 96,860 shares during the last quarter. Hedge funds and other institutional investors 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.