ASML (NASDAQ:ASML) Trading 0.8% Higher – Still a Buy?

ASML Holding (NASDAQ:ASML) shares traded up 0.8% during mid-day trading on Monday . The company traded as high as $769.20 and last traded at $756.33. 1,932,491 shares were traded during mid-day trading, an increase of 57% from the average session volume of 1,230,726 shares. The stock had previously closed at $750.28.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Sanford C. Bernstein decreased their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. BNP Paribas assumed coverage on shares of ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price for the company. JPMorgan Chase & Co. decreased their target price 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. Susquehanna decreased 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 report on Friday, October 11th. Finally, Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $955.50.

ASML Stock Up 0.9 %

The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $300.18 billion, a PE ratio of 39.95, a price-to-earnings-growth ratio of 2.35 and a beta of 1.47. The business’s 50 day simple moving average is $708.41 and its 200 day simple moving average is $793.15.

Institutional Trading of ASML

Hedge funds have recently bought and sold shares of the company. Carnegie Investment Counsel lifted its stake in ASML by 68.9% during the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock valued at $1,475,000 after buying an additional 868 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of ASML in the fourth quarter worth approximately $1,174,000. Taurus Asset Management LLC purchased a new stake in shares of ASML in the third quarter worth approximately $16,994,000. State Street Corp lifted its position in shares of ASML by 5.2% in the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after purchasing an additional 7,010 shares in the last quarter. Finally, Stockman Wealth Management Inc. lifted its position in shares of ASML by 7.2% in the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after purchasing an additional 1,032 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.