ASML (NASDAQ:ASML) Shares Up 1.6% – Still a Buy?

Shares of ASML Holding N.V. (NASDAQ:ASML) shot up 1.6% during mid-day trading on Monday . The stock traded as high as $1,913.70 and last traded at $1,892.66. 2,313,647 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 1,850,864 shares. The stock had previously closed at $1,863.55.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ASML. Freedom Capital raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Barclays reaffirmed an “overweight” rating on shares of ASML in a research note on Thursday, June 4th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a report on Monday, June 1st. Sanford C. Bernstein reaffirmed a “buy” rating on shares of ASML in a report on Monday. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a report on Wednesday, June 3rd. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $1,589.63.

ASML Trading Up 1.6%

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’s fifty day moving average is $1,539.82 and its 200-day moving average is $1,371.98. The firm has a market capitalization of $744.35 billion, a P/E ratio of 67.89, a P/E/G ratio of 1.49 and a beta of 1.82.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The business had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. As a group, sell-side analysts anticipate that ASML Holding N.V. will post 36.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ASML

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