ASML (NASDAQ:ASML) Trading 0.7% Higher – Still a Buy?

Shares of ASML Holding (NASDAQ:ASML) rose 0.7% on Tuesday . The stock traded as high as $763.93 and last traded at $761.40. Approximately 422,545 shares changed hands during trading, a decline of 72% from the average daily volume of 1,502,952 shares. The stock had previously closed at $756.33.

Analyst Ratings Changes

A number of brokerages have issued reports on ASML. BNP Paribas started coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective on the stock. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein lowered their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Wells Fargo & Company boosted their target price on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Susquehanna reduced their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $955.50.

ASML Stock Up 1.0 %

The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The stock has a market cap of $300.42 billion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 2.35 and a beta of 1.47. The firm has a fifty day moving average of $708.41 and a 200 day moving average of $793.15.

Institutional Investors Weigh In On ASML

Several hedge funds have recently modified their holdings of ASML. Carnegie Investment Counsel lifted its holdings in ASML by 68.9% in the 4th quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock valued at $1,475,000 after purchasing an additional 868 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of ASML in the 4th quarter valued at $1,174,000. Taurus Asset Management LLC acquired a new position in shares of ASML during the third quarter worth about $16,994,000. State Street Corp grew its position in ASML by 5.2% in the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock valued at $117,323,000 after acquiring an additional 7,010 shares in the last quarter. Finally, Stockman Wealth Management Inc. increased its stake in ASML by 7.2% during the 3rd quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after buying an additional 1,032 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Company Profile

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.