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

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on ASML from $1,813.00 to $2,200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Sanford C. Bernstein reissued a “buy” rating on shares of ASML in a research report on Monday. Berenberg Bank restated a “buy” rating on shares of ASML in a report on Friday, May 8th. Finally, DZ Bank reaffirmed a “neutral” rating on shares of ASML in a research report on Wednesday, April 15th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $1,589.63.

ASML Stock Up 0.6%

The business has a 50 day simple moving average of $1,539.82 and a 200 day simple moving average of $1,371.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The stock has a market cap of $737.22 billion, a PE ratio of 67.32, a P/E/G ratio of 1.49 and a beta of 1.82.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The business had revenue of $10.15 billion during the quarter. On average, equities research analysts forecast that ASML Holding N.V. will post 36.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Militia Capital Management LLC bought a new position in shares of ASML during the 1st quarter valued at $756,000. Pine Valley Investments Ltd Liability Co bought a new stake in ASML in the first quarter worth $219,000. Parallel Advisors LLC increased its position in ASML by 19.7% during the first quarter. Parallel Advisors LLC now owns 3,480 shares of the semiconductor company’s stock worth $4,597,000 after buying an additional 573 shares during the last quarter. First Nebraska Trust Co acquired a new position in ASML during the first quarter worth $214,000. Finally, Cozad Asset Management Inc. raised its holdings in ASML by 40.9% during the first quarter. Cozad Asset Management Inc. now owns 10,757 shares of the semiconductor company’s stock valued at $14,208,000 after buying an additional 3,122 shares in 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.