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

ASML Holding N.V. (NASDAQ:ASML)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $1,803.89, but opened at $1,897.20. ASML shares last traded at $1,891.1790, with a volume of 468,303 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently commented on ASML shares. Susquehanna reiterated a “positive” rating on shares of ASML in a research note on Thursday, April 9th. Citigroup reissued a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Sanford C. Bernstein reissued a “buy” rating on shares of ASML in a research report on Monday. Wells Fargo & Company reissued an “overweight” rating and set a $1,750.00 target price on shares of ASML in a research report on Thursday, April 16th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of ASML in a report on Thursday, June 11th. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average price target of $1,589.63.

ASML Price Performance

The firm has a market capitalization of $752.21 billion, a price-to-earnings ratio of 68.58, a P/E/G ratio of 1.52 and a beta of 1.82. The company has a fifty day moving average price of $1,561.06 and a two-hundred day moving average price of $1,383.61. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

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

Institutional Trading of ASML

Several large investors have recently modified their holdings of ASML. Dimensional Fund Advisors LP raised its stake in shares of ASML by 4.1% in the third quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock valued at $959,180,000 after acquiring an additional 38,660 shares during the last quarter. Gradient Investments LLC raised its stake in shares of ASML by 424.3% in the fourth quarter. Gradient Investments LLC now owns 14,388 shares of the semiconductor company’s stock valued at $15,393,000 after acquiring an additional 11,644 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of ASML by 314.0% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 24,626 shares of the semiconductor company’s stock worth $23,841,000 after purchasing an additional 18,677 shares during the last quarter. Bingham Private Wealth LLC bought a new stake in shares of ASML during the fourth quarter worth $1,444,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of ASML by 3.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock worth $24,036,000 after purchasing an additional 760 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.