Stock-Split Watch: Is ASML Holding Next?
Semiconductor stocks have been in fine form on the market over the past year, as shown by the 46% gains clocked by the PHLX Semiconductor Sector index. However, Dutch giant ASML Holding (NASDAQ: ASML) has underperformed during this period with a smaller jump of 35%.
Shares of the semiconductor manufacturing equipment supplier took a big hit after it released its second-quarter 2024 results on July 17. Though the company reported better-than-expected results and its orders grew faster than Wall Street's expectations, investors pressed the panic button.
Let's see why that was the case, and check if ASML management could opt for a stock split -- a move that many tech giants have undertaken of late -- in a bid to inject some life into its performance on the market.
Source Fool.com
