ASML (NASDAQ:ASML) Hits New 12-Month High – Here’s Why
by Amy Steele · The Cerbat GemASML Holding N.V. (NASDAQ:ASML – Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $1,551.41 and last traded at $1,548.7460, with a volume of 82741 shares trading hands. The stock had previously closed at $1,544.74.
Wall Street Analyst Weigh In
A number of research firms recently commented on ASML. Santander lowered shares of ASML from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 22nd. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Wednesday, April 8th. Berenberg Bank restated a “buy” rating on shares of ASML in a report on Thursday, April 16th. Grupo Santander lowered shares of ASML to an “underperform” rating in a research note on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $1,504.38.
Read Our Latest Stock Analysis on ASML
ASML Trading Down 1.7%
The firm’s 50-day moving average is $1,399.97 and its 200-day moving average is $1,256.99. 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 firm has a market cap of $597.27 billion, a price-to-earnings ratio of 54.48, a P/E/G ratio of 1.45 and a beta of 1.81.
ASML (NASDAQ:ASML – Get Free Report) last posted its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (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%. As a group, sell-side analysts anticipate that ASML Holding N.V. will post 36.9 EPS for the current fiscal year.
Hedge Funds Weigh In On ASML
A number of hedge funds have recently bought and sold shares of the company. Family Capital Management Inc. boosted its holdings in shares of ASML by 0.8% in the 4th 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 last quarter. 44 Wealth Management LLC boosted its holdings in shares of ASML by 1.1% in the 4th 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 last quarter. Evolution Wealth Management Inc. boosted its holdings in shares of ASML by 22.6% in the 1st 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 last quarter. Sky Investment Group LLC boosted its holdings in shares of ASML by 2.1% in the 4th 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 last quarter. Finally, White Lighthouse Investment Management Inc. boosted its holdings in shares of ASML by 2.2% in the 4th 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 last quarter. 26.07% of the stock is owned by hedge funds and other 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.