ASML (NASDAQ:ASML) Stock Price Up 3% – Time to Buy?

ASML Holding (NASDAQ:ASML) shares rose 3% on Thursday . The stock traded as high as $740.13 and last traded at $734.13. Approximately 1,212,618 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 1,988,369 shares. The stock had previously closed at $712.65.

Analyst Ratings Changes

ASML has been the subject of several research reports. DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday. Sanford C. Bernstein reduced their price objective on 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 initiated coverage on 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 price target on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $937.00.

ASML Trading Up 3.4 %

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock has a market cap of $289.95 billion, a P/E ratio of 38.59, a P/E/G ratio of 2.39 and a beta of 1.47. The company has a 50-day simple moving average of $716.70 and a 200-day simple moving average of $778.07.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $7.30 EPS for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a return on equity of 47.61% and a net margin of 26.40%. On average, sell-side analysts forecast that ASML Holding will post 20.54 EPS for the current fiscal year.

Institutional Investors Weigh In On ASML

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fairway Wealth LLC acquired a new position in ASML during the 3rd quarter valued at about $25,000. Kennebec Savings Bank grew its holdings in ASML by 227.3% during the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 25 shares during the period. Milestone Investment Advisors LLC bought a new stake in shares of ASML during the 3rd quarter valued at $28,000. Fortitude Family Office LLC lifted its stake in shares of ASML by 46.9% in the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 15 shares during the period. Finally, Albion Financial Group UT boosted its position in shares of ASML by 133.3% in the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 32 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

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.