ASML (NASDAQ:ASML) Shares Gap Up – Should You Buy?

ASML Holding N.V. (NASDAQ:ASMLGet Free Report) 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.

Key Stories Impacting ASML

Here are the key news stories impacting ASML this week:

Analysts Set New Price Targets

Several equities analysts recently weighed in on ASML shares. Citigroup reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, April 16th. JPMorgan Chase & Co. boosted their target price on shares of ASML from $1,813.00 to $2,200.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Morningstar lowered shares of ASML to a “sell” rating in a research note on Wednesday, May 27th. Sanford C. Bernstein restated a “buy” rating on shares of ASML in a report on Monday. Finally, DZ Bank reiterated a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,589.62.

Get Our Latest Research Report on ASML

ASML Stock Up 3.3%

The business’s 50 day moving average is $1,584.81 and its 200-day moving average is $1,395.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The firm has a market capitalization of $758.90 billion, a price-to-earnings ratio of 69.21, a price-to-earnings-growth ratio of 1.50 and a beta of 1.82.

ASML (NASDAQ:ASMLGet Free Report) last released its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The firm had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. Equities analysts anticipate that ASML Holding N.V. will post 36.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Capstone Wealth Management Group LLC boosted its position in shares of ASML by 5.2% in the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after acquiring an additional 124 shares during the period. AQR Capital Management LLC raised its stake in ASML by 141.1% during the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock valued at $4,553,000 after purchasing an additional 4,021 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in 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 purchasing an additional 10,411 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in ASML by 1.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock valued at $936,000 after purchasing an additional 15 shares during the period. Finally, NewEdge Advisors LLC grew its position in ASML by 5.2% in 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 last quarter. 26.07% of the stock is owned by institutional investors.

About ASML

(Get Free Report)

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.

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