ASML (NASDAQ:ASML) Shares Up 4.1% - Time to Buy?

Key Points

• ASML shares jumped 4.1% intraday to $1,442.92 (high $1,454.80) on Tuesday, with about 1.61 million shares traded—roughly 12% below average volume.
• Analyst consensus is a Moderate Buy with an average price target of $1,504.38; ratings breakdown: 3 Strong Buy, 21 Buy, 6 Hold and 2 Sell, with recent buy/reaffirmations from Deutsche Bank and UBS and an upgrade from Freedom Capital.
• The stock has a market cap of about $567.5 billion, a P/E of 51.75 and a PEG of 1.43, trading above its 50-day ($1,399.33) and 200-day ($1,250.24) moving averages, and is ~26% owned by institutions.

Shares of ASML Holding N.V. (NASDAQ:ASML - Get Free Report) shot up 4.1% during trading on Tuesday . The stock traded as high as $1,454.80 and last traded at $1,442.92. 1,610,164 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 1,832,366 shares. The stock had previously closed at $1,386.21.

Wall Street Analysts Forecast Growth

Several research firms have commented on ASML. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of ASML in a report on Thursday, April 16th. Freedom Capital raised shares of ASML from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 16th. KGI Securities set a $1,415.00 target price on shares of ASML and gave the company an "outperform" rating in a report on Thursday, January 15th. Zacks Research lowered shares of ASML from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Finally, UBS Group reissued a "buy" rating on shares of ASML in a report on Thursday, April 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,504.38.

ASML Trading Up 4.1%

The business's 50 day simple moving average is $1,399.33 and its two-hundred day simple moving average is $1,250.24. The stock has a market cap of $567.48 billion, a P/E ratio of 51.75, a PEG ratio of 1.43 and a beta of 1.81. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Institutional Investors Weigh In On ASML

A number of institutional investors have recently added to or reduced their stakes in ASML. Manning & Napier Advisors LLC bought a new stake in ASML during the 3rd quarter worth approximately $25,000. City Holding Co. bought a new stake in ASML during the 3rd quarter worth approximately $26,000. Cornerstone Financial Management LLC bought a new stake in ASML during the 4th quarter worth approximately $26,000. Binnacle Investments Inc grew its holdings in ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 15 shares during the last quarter. Finally, Resources Management Corp CT ADV grew its holdings in ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 23 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Company Profile

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.

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