Shares of $ASML-1.4% are up more than 10% this year, but the share price is still a great buy for me. Yesterday ASML reported its results, which I view quite positively, but the stock was down about 5% after the results and I did a little overbought.
Do you have $ASML-1.4% stock in your portfolio and are you overbought at the current price?
ASML
ASMLMarket Cap
263B
P/E
30.20
Div. Yield
0.90%
EV
258B
P/S
8.58
Payout
28.49%
You may have caught that Canon is launching an alternative product that is capable of producing 5nm cycles. It's nicely done here, so someone might be interested in https://youtu.be/8UdNB3ZY4Ks?feature=shared
I don't see any growth there for 2024 I think, so it could stay at that price for a while. 2025 will make up for it then, so we'll see how far ahead the market is looking.
For me the best company we have in Europe, sure I like a couple of energy companies from Norway, but they are not as well known and not nearly as successful as ASML.
I have had ASML in my portfolio for many years and I am not going to change anything. It is a long-term investment and it is a quality company, and the results confirm this. I would not be afraid to buy in, as far as I am concerned, but I will not recommend anything to anyone.
I don't, but I wouldn't be at all opposed to buying at this point. The stock seems undervalued to me and the company is indispensable to many other companies.