ASML (NASDAQ:ASML) Trading 1.3% Higher - Time to Buy?

ASML Holding (NASDAQ:ASML - Get Free Report) shot up 1.3% on Wednesday . The company traded as high as $797.20 and last traded at $795.04. 427,927 shares traded hands during trading, a decline of 74% from the average session volume of 1,672,353 shares. The stock had previously closed at $784.97.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ASML. Susquehanna cut their price objective on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company lowered their target price on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Barclays reaffirmed an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Finally, Citigroup reaffirmed a "buy" rating on shares of ASML in a report on Monday, May 19th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. 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 50 day moving average of $710.27 and a two-hundred day moving average of $714.56. The stock has a market cap of $299.39 billion, a PE ratio of 36.59, a PEG ratio of 1.62 and a beta of 1.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53.

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

Hedge Funds Weigh In On ASML

A number of institutional investors have recently bought and sold shares of ASML. GAMMA Investing LLC increased its stake in ASML by 70,115.5% in 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 in the last quarter. Edgewood Management LLC grew its stake in ASML by 43.1% during the 4th quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company's stock valued at $2,208,615,000 after acquiring an additional 959,696 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new position in ASML during the 1st quarter valued at about $360,262,000. Invesco Ltd. grew its stake in ASML by 101.0% during the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company's stock valued at $484,562,000 after acquiring an additional 367,505 shares in the last quarter. Finally, Amundi grew its stake in ASML by 4,880.5% during the 4th quarter. Amundi now owns 335,284 shares of the semiconductor company's stock valued at $247,019,000 after acquiring an additional 328,552 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

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.