ASML (NASDAQ:ASML) Stock Price Up 0.7% – Time to Buy?

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

Analyst Upgrades and Downgrades

ASML has been the subject of several recent analyst reports. BNP Paribas assumed coverage on shares of ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price for the company. JPMorgan Chase & Co. cut their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Sanford C. Bernstein decreased their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Susquehanna dropped their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $955.50.

ASML Price Performance

The company’s 50-day moving average is $708.41 and its two-hundred day moving average is $793.15. 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 firm has a market cap of $300.42 billion, a P/E ratio of 39.91, a PEG ratio of 2.35 and a beta of 1.47.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Carnegie Investment Counsel grew its holdings in ASML by 68.9% in the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock worth $1,475,000 after purchasing an additional 868 shares during the period. Central Pacific Bank Trust Division purchased a new position in ASML during the 4th quarter worth $1,174,000. Taurus Asset Management LLC purchased a new stake in ASML in the 3rd quarter valued at about $16,994,000. State Street Corp boosted its position in ASML by 5.2% in the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after purchasing an additional 7,010 shares during the last quarter. Finally, Stockman Wealth Management Inc. grew its position in ASML by 7.2% during the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock valued at $12,800,000 after buying an additional 1,032 shares during the period. 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.