ASML (NASDAQ:ASML) Stock Price Up 1.6% – Time to Buy?

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

Key ASML News

Here are the key news stories impacting ASML this week:

Wall Street Analyst Weigh In

ASML has been the subject of a number of research analyst reports. Sanford C. Bernstein reaffirmed a “buy” rating on shares of ASML in a report on Monday. Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a report on Thursday, April 16th. Wall Street Zen cut ASML from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a report on Thursday, June 11th. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,589.63.

Read Our Latest Research Report on ASML

ASML Stock Performance

The stock has a 50-day moving average of $1,572.34 and a 200 day moving average of $1,389.44. 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 stock has a market capitalization of $734.58 billion, a price-to-earnings ratio of 67.00, a price-to-earnings-growth ratio of 1.45 and a beta of 1.82.

ASML (NASDAQ:ASMLGet Free Report) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The firm had revenue of $10.15 billion during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. On average, analysts expect that ASML Holding N.V. will post 36.76 EPS for the current year.

Hedge Funds Weigh In On ASML

Several institutional investors have recently modified their holdings of ASML. Capstone Wealth Management Group LLC grew 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 buying an additional 124 shares during the period. AQR Capital Management LLC grew 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 buying an additional 4,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 buying an additional 10,411 shares during the period. Sivia Capital Partners LLC grew 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 buying an additional 15 shares during the period. Finally, NewEdge Advisors LLC grew 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 buying an additional 559 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Company Profile

(Get Free Report)

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.

Further Reading

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