ASML (NASDAQ:ASML) Trading Up 1.4% – Still a Buy?

ASML Holding (NASDAQ:ASML)’s stock price shot up 1.4% during mid-day trading on Friday . The company traded as high as $769.20 and last traded at $760.44. 698,024 shares were traded during mid-day trading, a decline of 53% from the average session volume of 1,488,819 shares. The stock had previously closed at $750.28.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ASML. Sanford C. Bernstein lowered their price target on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. 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. Wells Fargo & Company increased their price objective on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $955.50.

ASML Stock Performance

The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $706.71 and its 200 day moving average price is $799.04. The company has a market capitalization of $297.56 billion, a price-to-earnings ratio of 39.60, a P/E/G ratio of 2.30 and a beta of 1.47.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Veracity Capital LLC increased its holdings in ASML by 8.9% during the fourth quarter. Veracity Capital LLC now owns 563 shares of the semiconductor company’s stock worth $390,000 after buying an additional 46 shares during the last quarter. Secure Asset Management LLC bought a new position in shares of ASML in the 4th quarter valued at about $250,000. Galvin Gaustad & Stein LLC increased its stake in shares of ASML by 7,081.1% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 21,615 shares of the semiconductor company’s stock worth $14,981,000 after purchasing an additional 21,314 shares during the last quarter. Goldstein Advisors LLC bought a new stake in shares of ASML in the 4th quarter valued at about $213,000. Finally, Teamwork Financial Advisors LLC acquired a new stake in ASML in the 4th quarter valued at about $1,416,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.