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

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

Analysts Set New Price Targets

Several research firms have commented on ASML. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Susquehanna reaffirmed a “positive” rating on shares of ASML in a research report on Thursday, April 9th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, May 13th. Barclays raised ASML to a “buy” rating in a research report on Tuesday, May 19th. Finally, Royal Bank Of Canada lifted their target price on ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Three investment 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 given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,504.38.

ASML Stock Performance

The firm has a market capitalization of $642.19 billion, a PE ratio of 58.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The stock has a 50-day moving average price of $1,433.13 and a 200-day moving average price of $1,297.67.

ASML (NASDAQ:ASML) last announced its earnings results 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 for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. On average, research analysts expect that ASML Holding N.V. will post 37.1 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

Hedge funds have recently bought and sold shares of the company. Cornerstone Financial Management LLC acquired a new position in ASML in the fourth quarter worth about $26,000. Binnacle Investments Inc grew its stake in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares in the last quarter. Resources Management Corp CT ADV grew its stake in ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 23 shares in the last quarter. North Star Investment Management Corp. grew its stake in ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in ASML in the fourth quarter worth about $30,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Company Profile

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.