ASML (NASDAQ:ASML) Sets New 12-Month High - What's Next?

Key Points

• ASML hit a new 52-week high, trading as high as $1,551.41 and last at $1,548.75 on a volume of 82,741 shares.
• Wall Street consensus is a Moderate Buy with a $1,504.38 target price, based on 3 Strong Buy, 21 Buy, 6 Hold and 2 Sell analyst ratings.
• Recent quarter showed solid fundamentals — EPS $8.28 on revenue of $10.15 billion, with ROE 48.69% and net margin 27.65%; market cap is about $597.3 billion and P/E is 54.48.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $1,551.41 and last traded at $1,548.7460, with a volume of 82741 shares traded. The stock had previously closed at $1,544.74.

Wall Street Analysts Forecast Growth

ASML has been the subject of several analyst reports. DZ Bank restated a "neutral" rating on shares of ASML in a research report on Wednesday, April 15th. Morgan Stanley reiterated an "overweight" rating on shares of ASML in a research note on Friday, January 16th. KGI Securities set a $1,415.00 target price on shares of ASML and gave the stock an "outperform" rating in a report on Thursday, January 15th. Freedom Capital raised shares of ASML from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 16th. Finally, Barclays reaffirmed a "buy" rating on shares of ASML in a report on Wednesday, April 15th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, ASML currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,504.38.

ASML Trading Down 1.7%

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 company has a market cap of $597.27 billion, a price-to-earnings ratio of 54.48, a price-to-earnings-growth ratio of 1.45 and a beta of 1.81. The business has a 50 day simple moving average of $1,399.97 and a 200 day simple moving average of $1,256.99.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data 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%. As a group, equities analysts forecast that ASML Holding N.V. will post 36.9 EPS for the current year.

Hedge Funds Weigh In On ASML

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Telos Capital Management Inc. increased its holdings in ASML by 4.5% during the 3rd quarter. Telos Capital Management Inc. now owns 10,850 shares of the semiconductor company's stock worth $10,504,000 after purchasing an additional 463 shares in the last quarter. Regents of The University of California bought a new stake in ASML during the third quarter worth about $413,335,000. Dimensional Fund Advisors LP raised its holdings in ASML by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company's stock worth $959,180,000 after acquiring an additional 38,660 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in ASML during the third quarter worth about $680,000. Finally, Principal Financial Group Inc. raised its holdings in ASML by 34.5% during the third quarter. Principal Financial Group Inc. now owns 15,583 shares of the semiconductor company's stock worth $15,086,000 after acquiring an additional 4,001 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

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.

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