ASML (NASDAQ:ASML) Reaches New 1-Year High – What’s Next?

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

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of recent research reports. UBS Group restated a “buy” rating on shares of ASML in a research note on Wednesday, May 20th. Citigroup reissued a “buy” rating on shares of ASML in a report on Thursday, April 16th. Morningstar cut ASML to a “sell” rating in a research report on Wednesday, May 27th. DZ Bank restated a “neutral” rating on shares of ASML in a research note on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Four research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,772.62.

ASML Stock Performance

The business’s fifty day moving average price is $1,637.92 and its two-hundred day moving average price is $1,431.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The stock has a market capitalization 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.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS 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 during the quarter. As a group, sell-side analysts forecast that ASML Holding N.V. will post 36.69 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Cornerstone Financial Management LLC purchased a new position in shares of ASML during the 4th quarter worth about $26,000. Portus Wealth Advisors LLC purchased a new stake in shares of ASML in the first quarter worth approximately $32,000. Resources Management Corp CT ADV lifted its stake in shares of ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares during the last quarter. North Star Investment Management Corp. boosted 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 acquiring an additional 11 shares during the period. Finally, Jessup Wealth Management Inc purchased a new stake in ASML in the fourth quarter worth $30,000. 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.