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

ASML Holding N.V. (NASDAQ:ASML)’s stock price rose 1.6% during trading on Monday . The stock traded as high as $1,913.70 and last traded at $1,892.66. Approximately 2,313,647 shares were traded during trading, an increase of 25% from the average daily volume of 1,850,864 shares. The stock had previously closed at $1,863.55.

Wall Street Analysts Forecast Growth

ASML has been the subject of several research analyst reports. Morningstar cut shares of ASML to a “sell” rating in a research note on Wednesday, May 27th. Wall Street Zen cut shares of ASML from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. JPMorgan Chase & Co. increased their price objective on shares of ASML from $1,813.00 to $2,200.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Sanford C. Bernstein restated a “buy” rating on shares of ASML in a research note on Monday. Finally, Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, ASML has an average rating of “Moderate Buy” and a consensus price target of $1,589.63.

ASML Trading Up 1.6%

The company has a market cap of $744.35 billion, a price-to-earnings ratio of 67.89, a PEG ratio of 1.49 and a beta of 1.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The business’s 50 day moving average price is $1,539.82 and its 200-day moving average price is $1,371.98.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The company had revenue of $10.15 billion during the quarter. On average, research analysts forecast that ASML Holding N.V. will post 36.86 EPS for the current year.

Institutional Investors Weigh In On ASML

A number of hedge funds have recently made changes to their positions in ASML. Capstone Wealth Management Group LLC increased its position in shares of ASML by 5.2% during the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after purchasing an additional 124 shares in the last quarter. AQR Capital Management LLC increased its position in shares of ASML by 141.1% during the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after purchasing an additional 4,021 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of ASML by 153.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock worth $11,404,000 after purchasing an additional 10,411 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of ASML by 1.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock worth $936,000 after purchasing an additional 15 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of ASML by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock worth $9,122,000 after purchasing an additional 559 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.