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

ASML Holding N.V. (NASDAQ:ASML)’s stock price 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 changing hands. The stock had previously closed at $1,520.94.

Analyst Ratings Changes

A number of research analysts recently issued reports on ASML shares. Berenberg Bank restated a “buy” rating on shares of ASML in a report on Friday, May 8th. Santander downgraded ASML from a “neutral” rating to an “underperform” rating in a report on Thursday, January 22nd. Barclays restated a “buy” rating on shares of ASML in a report on Wednesday, April 15th. Citigroup restated a “buy” rating on shares of ASML in a report on Thursday, April 16th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of ASML in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,504.38.

ASML Price Performance

The business has a fifty day simple moving average of $1,405.10 and a two-hundred day simple moving average of $1,271.69. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. 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.

ASML (NASDAQ:ASML) last posted its 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 firm had revenue of $10.15 billion for the quarter. Research analysts forecast that ASML Holding N.V. will post 37.08 earnings per share for the current year.

Institutional Trading of ASML

A number of hedge funds have recently made changes to their positions in ASML. Family Capital Management Inc. boosted its holdings in shares of ASML by 0.8% in the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock worth $983,000 after buying an additional 7 shares during the period. 44 Wealth Management LLC boosted its holdings in shares of ASML by 1.1% in the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock worth $703,000 after buying an additional 7 shares during the period. Evolution Wealth Management Inc. boosted its holdings in shares of ASML by 22.6% in the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock worth $50,000 after buying an additional 7 shares during the period. Sky Investment Group LLC boosted its holdings in shares of ASML by 2.1% in the fourth quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock worth $411,000 after buying an additional 8 shares during the period. Finally, White Lighthouse Investment Management Inc. boosted its holdings in shares of ASML by 2.2% in the fourth quarter. White Lighthouse Investment Management Inc. now owns 365 shares of the semiconductor company’s stock worth $390,000 after buying an additional 8 shares during the period. 26.07% of the stock is owned by institutional investors.

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.