ASML (NASDAQ:ASML) Hits New 52-Week High – Time to Buy?
by Doug Wharley · The Cerbat GemASML Holding N.V. (NASDAQ:ASML – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $1,633.80 and last traded at $1,628.2570, with a volume of 187335 shares changing hands. The stock had previously closed at $1,592.00.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on ASML. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research note on Wednesday, April 8th. Freedom Capital raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Citigroup reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Susquehanna reaffirmed a “positive” rating on shares of ASML in a research note on Thursday, April 9th. Finally, Zacks Research lowered shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Three investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,504.38.
View Our Latest Report on ASML
ASML Stock Performance
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 firm’s 50 day moving average is $1,428.21 and its 200-day moving average is $1,295.31. The firm has a market cap of $640.12 billion, a price-to-earnings ratio of 58.31, a price-to-earnings-growth ratio of 1.27 and a beta of 1.81.
ASML (NASDAQ:ASML – Get Free Report) last released its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The business had revenue of $10.15 billion during the quarter. Sell-side analysts anticipate that ASML Holding N.V. will post 37.1 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of ASML. Arrowstreet Capital Limited Partnership lifted its position in ASML by 195.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock worth $1,652,618,000 after acquiring an additional 1,022,532 shares during the last quarter. Capital International Investors lifted its position in ASML by 17.3% during the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after acquiring an additional 577,448 shares during the last quarter. Regents of The University of California acquired a new position in ASML during the 3rd quarter worth $413,335,000. WCM Investment Management LLC lifted its position in ASML by 24.9% during the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after acquiring an additional 385,502 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in ASML by 75.6% during the 3rd quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock worth $765,632,000 after acquiring an additional 340,518 shares during the last quarter. Institutional investors and hedge funds 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.