ASML (NASDAQ:ASML) Shares Up 4.9% – Should You Buy?

ASML Holding N.V. (NASDAQ:ASML)’s stock price rose 4.9% on Monday . The stock traded as high as $1,886.12 and last traded at $1,883.11. 1,720,288 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 1,874,570 shares. The stock had previously closed at $1,794.62.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ASML shares. Weiss Ratings downgraded shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada increased their target price on ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. UBS Group reissued a “buy” rating on shares of ASML in a report on Wednesday. Zacks Research raised ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of ASML in a research report on Wednesday, June 3rd. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,772.62.

ASML Stock Down 7.4%

The stock has a market capitalization of $724.83 billion, a PE ratio of 66.11, a P/E/G ratio of 1.43 and a beta of 1.82. The firm has a 50 day moving average of $1,648.51 and a two-hundred day moving average of $1,437.89. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The business had revenue of $10.15 billion for the quarter. Equities research analysts anticipate that ASML Holding N.V. will post 36.69 earnings per share for the current year.

Institutional Trading of ASML

Several large investors have recently modified their holdings of the business. Eastern Bank grew its holdings in ASML by 54.0% during the 2nd quarter. Eastern Bank now owns 1,246 shares of the semiconductor company’s stock valued at $2,479,000 after buying an additional 437 shares during the last quarter. Trust Co of the South raised its holdings in shares of ASML by 9.6% in the second quarter. Trust Co of the South now owns 172 shares of the semiconductor company’s stock worth $342,000 after acquiring an additional 15 shares during the last quarter. Global Wealth Strategies & Associates lifted its position in shares of ASML by 2,560.0% in the second quarter. Global Wealth Strategies & Associates now owns 133 shares of the semiconductor company’s stock valued at $265,000 after acquiring an additional 128 shares in the last quarter. VectorGlobal IAG Inc. acquired a new stake in shares of ASML during the first quarter valued at $12,460,000. Finally, Sapient Capital LLC boosted its stake in shares of ASML by 66.1% during the first quarter. Sapient Capital LLC now owns 543 shares of the semiconductor company’s stock valued at $717,000 after acquiring an additional 216 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.