ASML (NASDAQ:ASML) Hits New 1-Year High – Here’s What Happened

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

Wall Street Analyst Weigh In

A number of research firms recently commented on ASML. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Zacks Research upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Morningstar lowered shares of ASML to a “sell” rating in a research report on Wednesday, May 27th. Susquehanna restated a “positive” rating on shares of ASML in a report on Tuesday. Finally, Wall Street Zen downgraded 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 assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,772.62.

ASML Price Performance

The stock has a market cap of $724.83 billion, a P/E ratio of 66.11, a P/E/G ratio of 1.51 and a beta of 1.78. The business has a 50 day simple moving average of $1,655.84 and a 200-day simple moving average of $1,442.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36.

ASML (NASDAQ:ASML) last released its earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The company had revenue of $10.15 billion for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. On average, sell-side analysts forecast that ASML Holding N.V. will post 36.62 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in ASML by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock valued at $959,180,000 after buying an additional 38,660 shares in the last quarter. Gradient Investments LLC lifted its position in shares of ASML by 424.3% during the fourth quarter. Gradient Investments LLC now owns 14,388 shares of the semiconductor company’s stock worth $15,393,000 after acquiring an additional 11,644 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of ASML by 314.0% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 24,626 shares of the semiconductor company’s stock worth $23,841,000 after acquiring an additional 18,677 shares during the period. Bingham Private Wealth LLC bought a new position in shares of ASML in the fourth quarter worth $1,444,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of ASML by 3.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock valued at $24,036,000 after purchasing an additional 760 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

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.