ASML (NASDAQ:ASML) Trading Up 0.9% – Still a Buy?

ASML Holding (NASDAQ:ASML) traded up 0.9% during trading on Wednesday . The company traded as high as $744.47 and last traded at $742.68. 466,543 shares were traded during trading, a decline of 65% from the average session volume of 1,320,079 shares. The stock had previously closed at $736.29.

Analyst Upgrades and Downgrades

ASML has been the subject of several research reports. JPMorgan Chase & Co. lowered their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. BNP Paribas initiated coverage on ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein cut their target price on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Finally, Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $955.50.

ASML Stock Performance

The stock has a market capitalization of $297.56 billion, a price-to-earnings ratio of 39.60, a P/E/G ratio of 2.30 and a beta of 1.47. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $704.98 and a 200-day moving average of $800.97.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. As a group, sell-side analysts predict that ASML Holding will post 20.57 earnings per share for the current year.

Hedge Funds Weigh In On ASML

A number of large investors have recently bought and sold shares of ASML. Fairway Wealth LLC purchased a new stake in ASML in the 3rd quarter worth $25,000. Resources Management Corp CT ADV acquired a new position in ASML in the 2nd quarter valued at $26,000. Milestone Investment Advisors LLC purchased a new position in ASML in the 3rd quarter valued at $28,000. Fortitude Family Office LLC lifted its holdings in ASML by 46.9% in the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 15 shares in the last quarter. Finally, Albion Financial Group UT grew its holdings in shares of ASML by 133.3% during the fourth quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock worth $39,000 after buying an additional 32 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.