ASML (NASDAQ:ASML) Reaches New 12-Month High on Analyst Upgrade

ASML Holding N.V. (NASDAQ:ASML)’s share price hit a new 52-week high during mid-day trading on Monday after Bank of America raised their price target on the stock from $2,268.00 to $2,345.00. Bank of America currently has a buy rating on the stock. ASML traded as high as $1,954.39 and last traded at $1,940.2530, with a volume of 79121 shares traded. The stock had previously closed at $1,929.68.

ASML has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a report on Thursday, April 16th. DZ Bank reaffirmed a “neutral” rating on shares of ASML in a research report on Wednesday, April 15th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a report on Thursday, June 11th. Morgan Stanley reiterated an “overweight” rating on shares of ASML in a research report on Wednesday, June 3rd. Finally, UBS Group reissued a “buy” rating on shares of ASML in a research note on Wednesday, May 20th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,772.62.

Institutional Trading of ASML

Several large investors have recently bought and sold shares of ASML. Cornerstone Financial Management LLC purchased a new stake in ASML in the fourth quarter worth $26,000. Portus Wealth Advisors LLC purchased a new position in ASML during the first quarter valued at $32,000. Resources Management Corp CT ADV boosted its holdings in shares of ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 23 shares in the last quarter. North Star Investment Management Corp. boosted its holdings in shares of ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc purchased a new stake in shares of ASML in the 4th quarter worth about $30,000. 26.07% of the stock is owned by institutional investors.

ASML Stock Performance

The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $1,594.98 and its 200-day moving average is $1,401.52. The company has a market capitalization of $757.99 billion, a P/E ratio of 69.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.82.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The business had revenue of $10.15 billion for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. Equities analysts anticipate that ASML Holding N.V. will post 36.76 EPS for the current fiscal year.

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.