ASML (NASDAQ:ASML) Hits New 12-Month High – Still a Buy?

ASML Holding N.V. (NASDAQ:ASML)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $1,905.12 and last traded at $1,894.7020, with a volume of 122253 shares changing hands. The stock had previously closed at $1,863.55.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $1,750.00 price target on shares of ASML in a research note on Thursday, April 16th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research note on Thursday. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Finally, Wall Street Zen cut shares of ASML from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Four 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,589.63.

ASML Stock Up 0.6%

The stock has a fifty day moving average of $1,539.82 and a 200-day moving average of $1,371.98. The firm has a market capitalization of $737.22 billion, a price-to-earnings ratio of 67.32, a PEG ratio of 1.49 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.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The business had revenue of $10.15 billion during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. As a group, sell-side analysts expect that ASML Holding N.V. will post 36.86 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of ASML by 195.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock valued at $1,652,618,000 after acquiring an additional 1,022,532 shares during the period. Capital International Investors grew 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 purchasing an additional 577,448 shares in the last quarter. Alliancebernstein L.P. grew 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 purchasing an additional 340,518 shares in the last quarter. Van ECK Associates Corp raised its stake in ASML by 16.6% during the 3rd quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock valued at $2,079,948,000 after purchasing an additional 305,435 shares during the period. Finally, BlueSpruce Investments LP raised its stake in ASML by 18,861.1% during the 3rd quarter. BlueSpruce Investments LP now owns 244,977 shares of the semiconductor company’s stock valued at $237,160,000 after purchasing an additional 243,685 shares during the period. 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.