Core Viewpoint - ASML has experienced significant stock growth, rising 59% year-to-date, outperforming major semiconductor stocks and the S&P 500 [2][3]. Company Overview - ASML is a leading manufacturer of machines that produce high-end semiconductor chips, utilizing advanced extreme ultraviolet (EUV) technology, which allows for smaller and more powerful chip components [5][7]. - The company is the sole manufacturer of EUV machines, providing it with a unique competitive advantage in the semiconductor industry [7]. Financial Performance - In the third quarter, ASML reported revenue of 7.51 billion euros ($8.73 billion), a decrease of 2.2% year-over-year, with net bookings at 5.4 billion euros [8]. - The company achieved a gross profit of 3.88 billion euros, resulting in a gross margin of 51.6% and net income of 2.12 billion euros, equating to earnings of 5.49 euros per share [9]. - ASML's guidance for fourth-quarter sales is projected between 9.2 billion euros and 9.8 billion euros, with a margin of 51% to 53% [10]. Market Position - ASML's market capitalization has reached approximately $428 billion, placing it among the top 25 largest publicly traded companies globally [3]. - The stock is currently trading at an all-time high, with a current price around $1,099.47 [10]. Analyst Sentiment - Analysts are largely bullish on ASML, with JPMorgan raising its price target from $1,175 to $1,275, indicating a potential upside of 15% [11]. - Morgan Stanley also increased its price target from $1,132 to $1,161, with only one out of 42 analysts recommending a sell [12]. Future Outlook - The company is viewed as a strong candidate for a stock split as it approaches 2026, having not conducted a split since 2000 [13].