Tomorrow Is Not Likely To Be Same For ASML Holding N.V. (ASML)

Capital Research & Management Co has recently announced that it has increased stake in ASML Holding N.V. (NASDAQ:ASML) by 1.07%. After grabbing 6.85 million shares, the institutional investor is now in possession of 72733.0 shares of the Technology Company. The new investment brought the stake of investor firm to 1.70% having worth around $4.37 billion. Moreover, Fisher Asset Management LLC increased its share by 2921.0 to have a control over 4.73 million shares. And Capital Research & Management Co raised its holdings to 0.12 million shares by acquiring 3.89 million shares or 0.97% of the stake.

ASML Holding N.V. (ASML) concluded trading on 05/24/23 at a closing price of $666.79, with 1.14 million shares of worth about $761.45 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.91% during that period and on Wednesday the price saw a loss of about -2.15%. Currently the company’s common shares owned by public are about 394.59M shares, out of which, 394.58M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 34 analysts are covering the ASML stock and their offered price forecasts bring an average price target of $779.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $837.00 and could fall to a lowest price of $721.00. The stock’s current price level is 9.0% above of average price target set by the analysts, while a rise to estimated low would result in gain of 7.52% for the stock. However, touching the estimated high of $837.00 would mean a gain of 20.34% for the stock.

Washington Mutual Investors Fund, American Balanced Fund, and American Funds Growth Fund of Ame are the top 3 mutual funds which are holding stakes in ASML Holding N.V. Washington Mutual Investors Fund is currently holding 2.66 million shares of worth totaling $1.69 billion. The company recently came buying 0.15 million shares which brought its stake up to 0.66% of the company’s outstanding shares. American Balanced Fund sold 16352.0 shares, after which its hold over company’s outstanding shares shrunk to 0.62%, leaving 2.51 million shares with the mutual fund that have a worth of about $1.6 billion. American Funds Growth Fund of Ame, after buying 2.41 million shares, have now control over 0.60% of the stake in the company. It holds 0.0 shares of worth $1.53 billion.

ASML Holding N.V. (NASDAQ: ASML) started trading at $668.06, below -$13.39 from concluding price of the previous day. However, the stock later moved at a day high price of 670.82, or with a loss of -2.15%. Stock saw a price change of -0.55% in past 5 days and over the past one month there was a price change of 10.07%. Year-to-date (YTD), ASML shares are showing a performance of 22.03% which increased to 20.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $363.15 but also hit the highest price of $699.86 during that period. The average intraday trading volume for ASML Holding N.V. shares is 948.88K. The stock is currently trading 2.07% above its 20-day simple moving average (SMA20), while that difference is up 2.66% for SMA50 and it goes to 15.31% higher than SMA200.

Capital Research & Management Co acquired 6.85 million shares of ASML Holding N.V. having value of about $4.37 billion. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 72733.0 shares in the company valued at close to $48497637.07, or have control over 1.07% stake in the company. ASML Holding N.V. (NASDAQ: ASML) currently have 394.59M outstanding shares and institutions hold larger chunk of about 19.50% of that. Holding of mutual funds in the company is about 9.33% while other institutional holders and individual stake holders have control over 9.45% and — of the stake respectively.

The stock has a current market capitalization of $268.94B and its 3Y-monthly beta is at 1.45. PE ratio of stock for trailing 12 months is 35.56, while it has posted earnings per share of $18.75 in the same period. Its PEG reads 1.19 and has Quick Ratio of 0.80 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ASML, volatility over the week remained 1.86% while standing at 1.70% over the month.

Analysts are in expectations that ASML Holding N.V. (ASML) stock would likely to be making an EPS of $5.01 in the current quarter, while forecast for next quarter EPS is $4.94 and it is $24.48 for next year. For the current quarter EPS, analysts have given the company a lowest target $4.91 which is $5.11 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.88 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -1.40% while it is estimated to increase by 21.40% in next year. EPS is likely to grow at an annualized rate of 29.80% for next 5-years, compared to annual growth of 24.20% made by the stock over the past 5-years.

Analysts at 34 brokerage firms have issued recommendations for the ASML Holding N.V. (ASML)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.70. Out of those 34 Wall Street analysts, 25 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.