ASML (NASDAQ:ASML) Shares Gap Up – Still a Buy?

ASML Holding N.V. (NASDAQ:ASML) gapped up prior to trading on Wednesday . The stock had previously closed at $1,803.89, but opened at $1,897.20. ASML shares last traded at $1,891.1790, with a volume of 468,303 shares changing hands.

Analysts Set New Price Targets

Several research firms recently weighed in on ASML. Freedom Capital raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Berenberg Bank restated a “buy” rating on shares of ASML in a research report on Friday, May 8th. Zacks Research upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. DZ Bank reiterated a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Finally, UBS Group reiterated a “buy” rating on shares of ASML in a report on Wednesday, May 20th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,589.63.

ASML Price Performance

The company’s 50-day moving average price is $1,561.06 and its 200-day moving average price is $1,383.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The company has a market cap of $752.21 billion, a P/E ratio of 68.58, a P/E/G ratio of 1.52 and a beta of 1.82.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The company had revenue of $10.15 billion for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. As a group, sell-side analysts predict that ASML Holding N.V. will post 36.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ASML

Institutional investors have recently bought and sold shares of the company. Family Capital Management Inc. grew its position in ASML by 0.8% in the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock valued at $983,000 after purchasing an additional 7 shares in the last quarter. 44 Wealth Management LLC grew its position in ASML by 1.1% in the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock valued at $703,000 after purchasing an additional 7 shares in the last quarter. Evolution Wealth Management Inc. grew its position in ASML by 22.6% in the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 7 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its position in ASML by 0.3% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 2,232 shares of the semiconductor company’s stock valued at $2,948,000 after purchasing an additional 7 shares in the last quarter. Finally, Sky Investment Group LLC grew its position in ASML by 2.1% in the fourth quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock valued at $411,000 after purchasing an additional 8 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

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.