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ASML Stock Performance and Market Position
ASML (NASDAQ: ASML), the only supplier of extreme ultraviolet (EUV) lithography systems for semiconductor manufacturing, has seen its stock rise by 59% this year, bringing its market capitalization to $428 billion. The Dutch company reported a quarterly revenue of €7.51 billion ($8.73 billion) and net income of €2.12 billion with earnings of €5.49 per share.
In Q3, ASML sold 66 new lithography systems and expects fourth-quarter sales between €9.2 billion and €9.8 billion, maintaining a profit margin of approximately 51% to 53%. Analysts are bullish on ASML, with JPMorgan raising its price target from $1,175 to $1,275, and Morgan Stanley increasing its target from $1,132 to $1,161.
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