ASML could be the next semiconductor stock to split following Nvidia and Broadcom

From Nasdaq: 2024-06-18 15:39:30

June 2024 saw Nvidia (NVDA) complete a 10-for-1 stock split after shares surged over 850% due to the AI boom. Lam Research (LRCX) and Broadcom (AVGO) are following suit with 10-for-1 splits. ASML Holding (ASML) could be next, with its essential role in chip manufacturing and high share price exceeding $1,000.

ASML’s stock has soared over 3,000% since 2007, and it’s currently outperforming the market with a 48% gain in the last 52 weeks. The company’s high dividends and solid financials make it attractive, despite its relatively high valuation. ASML also beat Q1 earnings estimates and is poised for growth in the semiconductor industry recovery.

ASML is set to ship its high-NA EUV chipmaking machine to major customers like Taiwan Semiconductor (TSM) and Intel (INTC). Collaborative efforts and funding support the development of advanced lithography technology. Analysts are bullish on ASML, with a consensus rating of “Strong Buy” and a mean target price of $1,081.86, representing a potential upside of 1.3%.

ASML may be the next semiconductor stock to split, following the trend set by others like Nvidia and Broadcom. A split could make the company’s shares more accessible to retail investors and potentially boost trading activity. Despite speculation about a split, ASML’s current market position and growth prospects make it a compelling choice for long-term investors seeking exposure to AI and advanced semiconductors.



Read more at Nasdaq: After Nvidia and Broadcom, This Could Be the Next Semiconductor Stock to Split