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Is it too late to buy Pro Medicus and these high-flying ASX shares?

Although the market has had a disappointing week, it hasn’t stopped a number of shares from pushing higher.

Three shares which have just climbed to all-time highs are listed below. Is it too late to invest?

The Audinate (ASX: AD8) share price hit an all-time high of $5.77 yesterday, bringing its 12-month return to a staggering 103%. The catalyst for this strong share price gain was the success of its award-winning Dante audio over IP networking solution. Thanks to strong demand across the world in the professional live sound, commercial installation, broadcast, public address, and recording industries, the company reported a 60% increase in half year revenue to $14.2 million in the first half of FY 2019. In addition to this, interim EBITDA came in significantly higher at $1.7 million thanks to the combination of its strong revenue growth and operating leverage in the cost base flowing through. I’m a big fan of Audinate but feel its shares are fully valued now.

The Dicker Data Ltd (ASX: DDR) share price climbed to an all-time high of $3.75 on Wednesday. Investors have been fighting to get hold of the computer hardware and software wholesale distributor’s shares after the release of a solid full year result and positive guidance for FY 2019. Dicker Data expects revenue and profit growth of 10% this year, allowing the company to confidently forecast a 22 cents per share dividend. Even after its stellar run this means its shares offer a fully franked forward 5.9% dividend yield.

The Pro Medicus Limited (ASX: PME) share price closed the day at an all-time high of $16.00 yesterday. The Pro Medicus share price has been on a very positive run since the release of another strong result last month. During the first half of FY 2019 the healthcare technology company behind the popular Visage health imaging software posted a 59.4% increase in half year revenue to $25.3 million and a 79.9% jump in underlying net profit after tax to $9.2 million. Strong growth in all its key markets drove the impressive result. Whilst its shares look about fair value now, I still feel it would be a great long-term investment.

Missed these gains? Then don't miss out on these top shares that have been tipped as potential market beaters.

Analyst Names 3 ASX growth shares to buy

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked...

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2019."

Each one pays a fully franked dividend. The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies move – we may be forced to remove this report.

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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. recommends Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended AUDINATEGL FPO, Dicker Data Limited, and Pro Medicus Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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