ASML (NASDAQ:ASML) Trading 5% Higher – Time to Buy?

ASML Holding (NASDAQ:ASML) shares were up 5% during mid-day trading on Thursday . The stock traded as high as $762.77 and last traded at $762.59. Approximately 844,281 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 1,412,731 shares. The stock had previously closed at $726.30.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ASML shares. BNP Paribas began coverage on shares of ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price on the stock. Wells Fargo & Company raised their price objective on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Susquehanna lowered their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. JPMorgan Chase & Co. decreased their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $955.50.

ASML Stock Up 0.8 %

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 business has a 50 day moving average of $704.98 and a 200-day moving average of $800.97. The stock has a market cap of $297.56 billion, a PE ratio of 39.60, a P/E/G ratio of 2.30 and a beta of 1.47.

ASML (NASDAQ:ASML) last announced its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. Equities research analysts predict that ASML Holding will post 20.57 EPS for the current fiscal year.

Institutional Investors Weigh In On ASML

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Resources Management Corp CT ADV acquired a new stake in ASML during the 2nd quarter worth approximately $26,000. Fairway Wealth LLC purchased a new position in ASML in the 3rd quarter valued at $25,000. Milestone Investment Advisors LLC acquired a new position in ASML in the 3rd quarter valued at $28,000. Fortitude Family Office LLC raised its position in ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after buying an additional 15 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of ASML in the 3rd quarter worth $43,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

About ASML

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.