ASML (NASDAQ:ASML) Trading Up 1.9% – Time to Buy?

Shares of ASML Holding (NASDAQ:ASML) traded up 1.9% during trading on Tuesday . The stock traded as high as $785.22 and last traded at $784.45. 406,846 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 1,669,516 shares. The stock had previously closed at $770.20.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ASML. Susquehanna dropped their price objective on ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a report on Thursday, April 17th. Barclays reiterated an “equal weight” rating on shares of ASML in a research report on Tuesday, June 3rd. Citigroup reaffirmed a “buy” rating on shares of ASML in a research report on Monday, May 19th. Finally, Wells Fargo & Company cut their price objective on ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $906.00.

ASML Price Performance

The company has a market capitalization of $307.43 billion, a P/E ratio of 37.70, a price-to-earnings-growth ratio of 1.62 and a beta of 1.74. The company has a fifty day moving average price of $696.74 and a 200 day moving average price of $712.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, beating the consensus estimate of $6.12 by $0.19. The company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $7.90 billion. ASML had a net margin of 26.78% and a return on equity of 47.73%. On average, sell-side analysts forecast that ASML Holding will post 25.17 EPS for the current fiscal year.

Institutional Investors Weigh In On ASML

Institutional investors have recently modified their holdings of the business. Cim LLC raised its holdings in ASML by 8.9% in the first quarter. Cim LLC now owns 2,641 shares of the semiconductor company’s stock worth $1,750,000 after purchasing an additional 216 shares during the period. First Hawaiian Bank raised its stake in shares of ASML by 27.1% in the 1st quarter. First Hawaiian Bank now owns 1,288 shares of the semiconductor company’s stock valued at $853,000 after purchasing an additional 275 shares during the period. Invst LLC bought a new stake in shares of ASML in the first quarter valued at about $386,000. Modern Wealth Management LLC boosted its position in shares of ASML by 19.2% during the first quarter. Modern Wealth Management LLC now owns 2,807 shares of the semiconductor company’s stock worth $1,861,000 after buying an additional 453 shares during the period. Finally, Rhumbline Advisers lifted its stake in ASML by 12.7% in the 1st quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company’s stock valued at $5,571,000 after acquiring an additional 947 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.