ASML (NASDAQ:ASML) Shares Up 4.1% – Time to Buy?

ASML Holding N.V. (NASDAQ:ASML) shares shot up 4.1% on Tuesday . The company traded as high as $1,454.80 and last traded at $1,442.92. 1,610,164 shares were traded during trading, a decline of 12% from the average session volume of 1,832,366 shares. The stock had previously closed at $1,386.21.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ASML. The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a report on Wednesday, April 15th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 23rd. Royal Bank Of Canada upped their price objective on shares of ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Santander lowered shares of ASML from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 22nd. Finally, TD Cowen reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, January 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,504.38.

ASML Stock Up 4.1%

The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average is $1,399.33 and its 200-day moving average is $1,250.24. The company has a market cap of $567.48 billion, a price-to-earnings ratio of 51.75, a P/E/G ratio of 1.43 and a beta of 1.81.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Beaumont Financial Advisors LLC lifted its position in shares of ASML by 6.7% during the 1st quarter. Beaumont Financial Advisors LLC now owns 657 shares of the semiconductor company’s stock valued at $867,000 after acquiring an additional 41 shares during the period. Midwest Professional Planners LTD. lifted its position in shares of ASML by 168.1% during the 1st quarter. Midwest Professional Planners LTD. now owns 1,319 shares of the semiconductor company’s stock valued at $1,742,000 after acquiring an additional 827 shares during the period. Three Seasons Wealth LLC acquired a new position in shares of ASML during the 1st quarter valued at $388,000. Nolet Wealth Management LLC lifted its position in shares of ASML by 9.5% during the 1st quarter. Nolet Wealth Management LLC now owns 230 shares of the semiconductor company’s stock valued at $303,000 after acquiring an additional 20 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of ASML during the 1st quarter valued at $55,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

About ASML

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.