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

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Susquehanna reissued a “positive” rating on shares of ASML in a research report on Thursday, April 9th. Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Berenberg Bank reissued a “buy” rating on shares of ASML in a research report on Friday, May 8th. Finally, Barclays raised ASML to a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, ASML has an average rating of “Moderate Buy” and a consensus price target of $1,504.38.

ASML Stock Up 2.6%

The business has a fifty day moving average price of $1,428.21 and a two-hundred day moving average price of $1,295.31. 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 firm has a market capitalization of $642.19 billion, a price-to-earnings ratio of 58.57, a price-to-earnings-growth ratio of 1.27 and a beta of 1.81.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share 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, equities analysts expect that ASML Holding N.V. will post 37.1 earnings per share for the current year.

Institutional Trading of ASML

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Financial Management LLC acquired a new stake in shares of ASML in the fourth quarter valued at $26,000. Portus Wealth Advisors LLC acquired a new position in ASML during the 1st quarter worth $32,000. Resources Management Corp CT ADV grew 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 worth $27,000 after purchasing an additional 23 shares in the last quarter. North Star Investment Management Corp. lifted its holdings in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after buying an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc purchased a new stake in ASML during the 4th quarter worth about $30,000. 26.07% of the stock is 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.