ASML (NASDAQ:ASML) Hits New 12-Month High – Time to Buy?

ASML Holding N.V. (NASDAQ:ASML)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $1,825.50 and last traded at $1,817.7070, with a volume of 337551 shares trading hands. The stock had previously closed at $1,749.04.

ASML News Roundup

Here are the key news stories impacting ASML this week:

• Positive Sentiment: ASML received fresh bullish attention from analysts, with one report saying the stock has an average rating of “Moderate Buy” and BofA reportedly raising its price target while keeping a Buy rating, reinforcing confidence in the company’s long-term outlook. ASML Holding N.V. (NASDAQ:ASML) Receives Average Rating of “Moderate Buy” from Analysts
• Positive Sentiment: Coverage highlighting ASML’s record-high share price and its first-ever rise above a $700 billion market value suggests strong investor demand and continued enthusiasm for the company’s dominant position in semiconductor equipment. ASML breaks $700B market cap barrier: Here’s the rally drivers and key risks
• Positive Sentiment: Reports that ASML is in discussions tied to Elon Musk’s proposed Terafab project point to potential future demand for ASML’s advanced lithography tools if the project moves ahead. ASML Weighs Musk Terafab Talks Against Valuation And Governance Questions
• Neutral Sentiment: ASML said it will cut fewer jobs than initially planned after reaching an agreement with Dutch unions, which may reduce near-term cost savings but also eases labor tensions. ASML to cut fewer jobs after talks with Dutch unions
• Neutral Sentiment: Some recent commentary flags valuation and governance questions after the stock’s sharp run-up, suggesting investors may be debating how much upside is already priced in. Assessing ASML Holding (NasdaqGS:ASML) Valuation After A Strong Multi-Period Share Price Run
• Negative Sentiment: Broader semiconductor sentiment looks less favorable in the near term, with reports noting that short sellers are piling into the sector and that the semiconductor index may be entering a correction. Semiconductor shorts pile on as winning trade reverses

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group reiterated a “buy” rating on shares of ASML in a research report on Wednesday, May 20th. Sanford C. Bernstein reiterated a “buy” rating on shares of ASML in a research report on Monday, May 25th. Wells Fargo & Company reiterated an “overweight” rating and set a $1,750.00 target price on shares of ASML in a research report on Thursday, April 16th. JPMorgan Chase & Co. lifted their target price on shares of ASML from $1,813.00 to $2,200.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,589.63.

ASML Trading Down 2.5%

The stock has a market capitalization of $682.02 billion, a P/E ratio of 62.20, a price-to-earnings-growth ratio of 1.42 and a beta of 1.82. 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’s fifty day moving average price is $1,518.17 and its two-hundred day moving average price is $1,359.24.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The firm had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. Equities research analysts forecast that ASML Holding N.V. will post 36.93 EPS for the current year.

Institutional Investors Weigh In On ASML

Hedge funds have recently made changes to their positions in the business. Cornerstone Financial Management LLC bought a new stake in ASML during the 4th quarter valued at $26,000. Portus Wealth Advisors LLC bought a new stake in ASML during the 1st quarter valued at $32,000. Resources Management Corp CT ADV raised 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 buying an additional 23 shares during the last quarter. North Star Investment Management Corp. raised 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 buying an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc bought a new stake in ASML during the 4th quarter valued at $30,000. 26.07% of the stock is currently owned by institutional investors.

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.