ASML Holding's (NASDAQ: ASML) stock price rallied roughly 460% over the past five years. The Dutch company's sales and profits continually climbed as the expansion of the semiconductor market boosted sales of its lithography systems, which are used to print circuit patterns onto silicon wafers.
ASML controls about 90% of this market, making it a crucial cog in the semiconductor industry, and its top customers include the world's top foundries: Taiwan Semiconductor Manufacturing (NYSE: TSM), Intel (NASDAQ: INTC), and Samsung. The semiconductor market will probably keep expanding with the cloud, artificial intelligence, 5G, and Internet of Things markets, but can ASML continue to generate multibagger gains over the next five years?
Image source: Getty images.
Source Fool.com