ASML (NASDAQ:ASML) Trading Up 2% – Should You Buy?

Shares of ASML Holding N.V. (NASDAQ:ASML) were up 2% during mid-day trading on Thursday . The company traded as high as $1,858.73 and last traded at $1,804.25. 1,539,694 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 1,885,678 shares. The stock had previously closed at $1,768.65.

Trending Headlines about ASML

Here are the key news stories impacting ASML this week:

• Positive Sentiment: Bernstein raised its price target on ASML to $2,623 from $1,971 and kept an Outperform rating, signaling increased confidence in the company’s long-term earnings power and demand outlook. Bernstein Raises its Price Target on ASML Holding (ASML)
• Positive Sentiment: Jefferies also reiterated a Buy rating and raised its price target, citing a strong semiconductor outlook and supportive valuation assumptions for ASML’s equipment business. ASML Holding N.V. (ASML) Price Target Raised by Jefferies on Strong Semiconductor Outlook
• Positive Sentiment: Market commentary highlighted ASML’s monopoly-like position in advanced chip lithography and the potential for a large AI-related chip spending cycle, which is helping support the stock despite broader market volatility. A Market Panic Just Discounted the AI Highway’s Tollbooth

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ASML shares. DZ Bank reissued a “neutral” rating on shares of ASML in a research report on Wednesday, April 15th. Susquehanna restated a “positive” rating on shares of ASML in a research report on Tuesday, June 30th. Barclays reiterated a “buy” rating on shares of ASML in a research report on Monday, June 29th. Zacks Research downgraded shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Finally, Royal Bank Of Canada upped their target price on shares of ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,854.12.

ASML Stock Up 2.0%

The firm has a market capitalization of $709.58 billion, a PE ratio of 64.71, a price-to-earnings-growth ratio of 1.33 and a beta of 1.78. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $1,689.22 and a two-hundred day moving average of $1,468.20.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The firm had revenue of $10.15 billion during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. On average, equities research analysts forecast that ASML Holding N.V. will post 36.62 EPS for the current year.

Institutional Trading of ASML

A number of institutional investors and hedge funds have recently bought and sold shares of ASML. Capstone Wealth Management Group LLC grew its stake in ASML by 5.2% during the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after buying an additional 124 shares during the period. AQR Capital Management LLC raised its stake in shares of ASML by 141.1% in the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock valued at $4,553,000 after acquiring an additional 4,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of ASML by 153.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock valued at $11,404,000 after acquiring an additional 10,411 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of ASML by 1.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock valued at $936,000 after acquiring an additional 15 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in ASML by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock worth $9,122,000 after purchasing an additional 559 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

About ASML

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.