ASML (NASDAQ:ASML) Trading Up 4.8% – Should You Buy?

Shares of ASML Holding N.V. (NASDAQ:ASML) were up 4.8% on Tuesday . The stock traded as high as $1,646.53 and last traded at $1,707.11. Approximately 1,057,977 shares changed hands during trading, a decline of 33% from the average daily volume of 1,577,295 shares. The stock had previously closed at $1,628.57.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ASML shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, May 13th. UBS Group reissued a “buy” rating on shares of ASML in a research note on Wednesday, May 20th. Wall Street Zen downgraded ASML from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Susquehanna reissued a “positive” rating on shares of ASML in a research note on Thursday, April 9th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $1,750.00 price objective on shares of ASML in a research note on Thursday, April 16th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,504.38.

ASML Trading Up 4.8%

The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $1,463.66 and a 200-day simple moving average of $1,324.15. The company has a market capitalization of $671.38 billion, a PE ratio of 61.23, a PEG ratio of 1.32 and a beta of 1.82.

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

Hedge Funds Weigh In On ASML

Institutional investors have recently bought and sold shares of the company. Cornerstone Financial Management LLC acquired a new position in ASML in the 4th quarter valued at about $26,000. Binnacle Investments Inc grew its position in ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 15 shares in the last quarter. Resources Management Corp CT ADV grew its position in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 23 shares in the last quarter. North Star Investment Management Corp. grew its position in ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in ASML in the 4th quarter valued at about $30,000. 26.07% of the stock is 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.