ASML (NASDAQ:ASML) Stock Price Up 1.5% - Should You Buy?

ASML Holding (NASDAQ:ASML - Get Free Report) traded up 1.5% on Thursday . The stock traded as high as $759.55 and last traded at $757.59. 401,719 shares were traded during mid-day trading, a decline of 76% from the average session volume of 1,663,687 shares. The stock had previously closed at $746.51.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Susquehanna reduced their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Citigroup reaffirmed a "buy" rating on shares of ASML in a research note on Monday, May 19th. Finally, Wells Fargo & Company decreased their price objective on ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $906.00.

ASML Price Performance

The stock has a market capitalization of $288.19 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The company's 50 day moving average is $687.99 and its 200 day moving average is $708.50.

ASML (NASDAQ:ASML - Get Free Report) last posted its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, topping analysts' consensus estimates of $6.12 by $0.19. ASML had a return on equity of 47.73% and a net margin of 26.78%. The business had revenue of $8.77 billion for the quarter, compared to analysts' expectations of $7.90 billion. Research analysts anticipate that ASML Holding will post 25.17 EPS for the current fiscal year.

Institutional Investors Weigh In On ASML

Several large investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in ASML by 70,115.5% during the 1st quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company's stock worth $9,282,120,000 after purchasing an additional 1,398,805 shares during the period. Edgewood Management LLC raised its holdings in shares of ASML by 43.1% in the fourth quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company's stock valued at $2,208,615,000 after buying an additional 959,696 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in shares of ASML in the first quarter valued at about $360,262,000. Invesco Ltd. boosted its stake in shares of ASML by 101.0% during the first quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company's stock worth $484,562,000 after buying an additional 367,505 shares during the period. Finally, Amundi grew its holdings in shares of ASML by 4,880.5% during the fourth quarter. Amundi now owns 335,284 shares of the semiconductor company's stock worth $247,019,000 after buying an additional 328,552 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

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.