Susquehanna Believes ASML Holding (NASDAQ: ASML) Still Has Room to Grow

By Jason Carr

Susquehanna analyst Mehdi Hosseini maintained a Buy rating on ASML Holding (NASDAQ: ASML) on April 13. The company’s shares closed on Friday at $205.65, close to its 52-week high of $216.

According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 15.7% and a 58.4% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Applied Materials, and Universal Display.

ASML Holding has an analyst consensus of Moderate Buy, with a price target consensus of $205.

Based on ASML Holding’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $3.04 billion and quarterly net profit of $847 million. In comparison, last year the company earned revenue of $2.08 billion and had a net profit of $494 million.

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ASML Holding NV engages in the development, production, marketing, sale and servicing of advanced semiconductor equipment, consisting of lithography related systems. It mainly caters the makers of memory chips and logic chips. The company was founded on April 1, 1984 and is headquartered in Veldhoven, Netherlands.