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

ASML Holding (NASDAQ:ASML) shares rose 0.7% on Tuesday . The company traded as high as $763.93 and last traded at $761.40. Approximately 422,545 shares were traded 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.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of research reports. Susquehanna cut their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. JPMorgan Chase & Co. cut their target price 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. Wells Fargo & Company lifted their price target on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Sanford C. Bernstein decreased their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. Three 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $955.50.

ASML Trading Down 2.7 %

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The firm has a 50-day moving average of $712.16 and a 200-day moving average of $790.79. The firm 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.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ASML. Fairway Wealth LLC purchased a new stake in ASML during the 3rd quarter valued at $25,000. Resources Management Corp CT ADV bought a new position in shares of ASML during the second quarter valued at about $26,000. Kennebec Savings Bank boosted its holdings in shares of ASML by 227.3% during the fourth 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 bought a new stake in shares of ASML in the third quarter worth about $28,000. Finally, Fortitude Family Office LLC increased its holdings in ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 15 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.