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

ASML Holding N.V. (NASDAQ:ASML) shares hit a new 52-week high during 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 traded. The stock had previously closed at $1,749.04.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Morningstar cut shares of ASML to a “sell” rating in a report on Wednesday, May 27th. Zacks Research upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Berenberg Bank restated a “buy” rating on shares of ASML in a report on Friday, May 8th. Wells Fargo & Company restated an “overweight” rating and set a $1,750.00 price target 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, May 13th. Four investment 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 issued a Sell rating to the company. According to MarketBeat, ASML has an average rating of “Moderate Buy” and a consensus target price of $1,589.63.

ASML Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The firm has a market capitalization of $688.96 billion, a price-to-earnings ratio of 62.78, a PEG ratio of 1.31 and a beta of 1.82. The firm’s fifty day moving average is $1,499.06 and its 200 day moving average is $1,348.74.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The business 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%. On average, analysts predict that ASML Holding N.V. will post 36.93 EPS for the current fiscal year.

Institutional Trading of ASML

A number of institutional investors have recently added to or reduced their stakes in the business. Family Capital Management Inc. lifted its stake in ASML by 0.8% in the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock valued at $983,000 after acquiring an additional 7 shares during the last quarter. 44 Wealth Management LLC lifted its stake in ASML by 1.1% in the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock valued at $703,000 after acquiring an additional 7 shares during the last quarter. Evolution Wealth Management Inc. lifted its stake in ASML by 22.6% in the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 7 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in ASML by 0.3% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 2,232 shares of the semiconductor company’s stock valued at $2,948,000 after acquiring an additional 7 shares during the last quarter. Finally, Sky Investment Group LLC lifted its stake in ASML by 2.1% in the fourth quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock valued at $411,000 after acquiring an additional 8 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.