ASML (NASDAQ:ASML) Shares Up 2.6% – Time to Buy?

ASML Holding N.V. (NASDAQ:ASML) traded up 2.6% during mid-day trading on Friday . The company traded as high as $1,653.53 and last traded at $1,632.90. 1,658,854 shares were traded during trading, a decline of 9% from the average session volume of 1,827,603 shares. The stock had previously closed at $1,592.00.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a report on Friday, May 8th. Susquehanna reaffirmed a “positive” rating on shares of ASML in a report on Thursday, April 9th. UBS Group reissued a “buy” rating on shares of ASML in a report on Wednesday. Santander downgraded ASML from a “neutral” rating to an “underperform” rating in a report on Thursday, January 22nd. Finally, Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,504.38.

ASML Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The company has a 50-day simple moving average of $1,428.21 and a 200-day simple moving average of $1,295.31. The company has a market cap of $642.19 billion, a price-to-earnings ratio of 58.57, a PEG ratio of 1.27 and a beta of 1.81.

ASML (NASDAQ:ASML) last released its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The company had revenue of $10.15 billion for the quarter. As a group, research analysts predict that ASML Holding N.V. will post 37.1 earnings per share for the current year.

Institutional Investors Weigh In On ASML

Institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Financial Management LLC acquired a new stake in shares of ASML in the 4th quarter worth approximately $26,000. Portus Wealth Advisors LLC acquired a new stake in shares of ASML in the 1st quarter worth approximately $32,000. Resources Management Corp CT ADV grew its holdings in shares of ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares during the period. North Star Investment Management Corp. grew its holdings in shares of ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 11 shares during the period. Finally, Jessup Wealth Management Inc acquired a new stake in shares of ASML in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

About ASML

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.