ASML Stock Summary and Trading Ideas (Asml Holding N.V. - New York Registry Shares | NASDAQ:ASML)

ASML is the leader in photolithography systems used in the manufacturing of semiconductors. Photolithography is the process in which a light source is used to expose circuit patterns from a photo mask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a high portion of the cost of making cutting-edge chips. ASML outsources the manufacturing of most of its parts, acting like an assembler. ASML's main clients are TSMC, Samsung, and Intel.

Asml Holding N.V. - New York Registry Shares trades on the NASDAQ stock market under the symbol ASML.

As of April 19, 2024, ASML stock price declined to $859.54 with 2,078,813 million shares trading.

ASML has a beta of 1.62, meaning it tends to be more sensitive to market movements. ASML has a correlation of 0.36 to the broad based SPY ETF.

ASML has a market cap of $339.17 billion. This is considered a Mega Cap stock.

Last quarter Asml Holding N.V. - New York Registry Shares reported $6 billion in Revenue and $3.38 earnings per share. This fell short of revenue expectation by $-385 million and missed earnings estimates by -$.05.

In the last 3 years, ASML stock traded as high as $1,056.34 and as low as $363.15.

The top ETF exchange traded funds that ASML belongs to (by Net Assets): QQQ, SMH, SOXX, SOXL, QQQM.

ASML has outperformed the market in the last year with a return of +35.3%, while the SPY ETF gained +21.2%. In the last 3 month period, ASML beat the market returning +15.8%, while SPY returned +4.3%. However, in the most recent 2 weeks ASML has underperformed the stock market by returning -9.8%, while SPY returned -3.5%.

ASML support price is $869.19 and resistance is $908.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ASML stock will trade within this expected range on the day.