ASML Holding N.V. (ASML) Sets New 12-Month High at $172.05
ASML Holding N.V. (NASDAQ:ASML) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $172.05 and last traded at $172.27, with a volume of 460,833 shares traded. The stock had previously closed at $171.18.
A number of brokerages recently issued reports on ASML. B. Riley reiterated a “neutral” rating and issued a $122.00 price objective on shares of ASML Holding N.V. in a research report on Monday, July 17th. Royal Bank Of Canada increased their price objective on ASML Holding N.V. from $135.00 to $155.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 20th. Bank of America Corporation reiterated a “buy” rating and issued a $210.00 price objective on shares of ASML Holding N.V. in a research report on Tuesday, October 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $184.00 price objective (up previously from $172.50) on shares of ASML Holding N.V. in a research report on Thursday, September 21st. Finally, Susquehanna Bancshares Inc upgraded ASML Holding N.V. from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $130.00 to $190.00 in a research report on Monday, September 18th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $182.00.
The company has a 50-day moving average of $162.58 and a 200-day moving average of $143.83. The company has a market cap of $74.17 billion, a PE ratio of 32.587 and a beta of 1.13.
ASML Holding N.V. (NASDAQ:ASML) last announced its earnings results on Wednesday, July 19th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.02. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.99 billion. ASML Holding N.V. had a net margin of 23.69% and a return on equity of 18.48%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 EPS. Analysts expect that ASML Holding N.V. will post $5.01 EPS for the current year.
ASML Holding N.V. announced that its board has authorized a share buyback program on Wednesday, July 19th that permits the company to repurchase outstanding shares. This repurchase authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
Institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. purchased a new stake in ASML Holding N.V. in the 1st quarter worth about $1,504,000. Eaton Vance Management grew its stake in ASML Holding N.V. by 22.8% in the 2nd quarter. Eaton Vance Management now owns 20,574 shares of the semiconductor company’s stock worth $2,681,000 after acquiring an additional 3,822 shares in the last quarter. Credit Suisse AG grew its stake in ASML Holding N.V. by 25.9% in the 1st quarter. Credit Suisse AG now owns 39,669 shares of the semiconductor company’s stock worth $5,268,000 after acquiring an additional 8,158 shares in the last quarter. Fisher Asset Management LLC grew its stake in ASML Holding N.V. by 235.7% in the 2nd quarter. Fisher Asset Management LLC now owns 1,950,698 shares of the semiconductor company’s stock worth $254,196,000 after acquiring an additional 1,369,671 shares in the last quarter. Finally, Winslow Capital Management LLC bought a new position in ASML Holding N.V. in the 2nd quarter worth about $188,068,000. 16.09% of the stock is currently owned by institutional investors.
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About ASML Holding N.V.
ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.
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