ASML (NASDAQ:ASML) Sees Strong Trading Volume – Should You Buy?

ASML Holding (NASDAQ:ASML) shares saw an uptick in trading volume on Monday . 1,735,663 shares were traded during trading, an increase of 9% from the previous session’s volume of 1,588,746 shares.The stock last traded at $682.73 and had previously closed at $732.25.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. BNP Paribas started coverage on ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Susquehanna reduced 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. Finally, Wells Fargo & Company raised their price target on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $946.60.

ASML Trading Down 1.0 %

The stock has a market capitalization of $268.84 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 2.39 and a beta of 1.47. 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 firm has a 50-day moving average price of $715.62 and a 200-day moving average price of $778.53.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, equities analysts forecast that ASML Holding will post 20.54 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

Institutional investors have recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of ASML in the third quarter valued at $25,000. Kennebec Savings Bank raised its stake in ASML by 227.3% in the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 25 shares during the period. Milestone Investment Advisors LLC purchased a new stake in ASML during the third quarter valued at about $28,000. Fortitude Family Office LLC boosted its position in ASML by 46.9% during the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 15 shares during the period. Finally, Albion Financial Group UT increased its stake in shares of ASML by 133.3% in the fourth quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 32 shares in the last quarter. Hedge funds and other institutional investors 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.