ASML (NASDAQ:ASML) Stock Price Up 0.7% – Still a Buy?

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

Analyst Ratings Changes

ASML has been the topic of a number of recent research reports. Susquehanna dropped their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company raised their price target on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, BNP Paribas assumed coverage on ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price for the company. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $955.50.

ASML Stock Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The stock has a market capitalization of $293.59 billion, a P/E ratio of 39.07, a price-to-earnings-growth ratio of 2.37 and a beta of 1.47. The company has a 50 day simple moving average of $712.16 and a 200-day simple moving average of $790.79.

Institutional Trading of ASML

A number of institutional investors have recently modified their holdings of the business. Fairway Wealth LLC purchased a new stake in shares of ASML during the third quarter worth $25,000. Resources Management Corp CT ADV purchased a new stake in ASML during the 2nd quarter worth about $26,000. Kennebec Savings Bank boosted its stake in ASML by 227.3% in the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 25 shares during the period. Milestone Investment Advisors LLC purchased a new position in ASML during the 3rd quarter valued at about $28,000. Finally, Fortitude Family Office LLC increased its position in shares of ASML by 46.9% during the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 15 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

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.