ASML (NASDAQ:ASML) Trading 3.5% Higher – Still a Buy?

Shares of ASML Holding N.V. (NASDAQ:ASML) were up 3.5% during trading on Wednesday . The stock traded as high as $1,938.49 and last traded at $1,867.83. Approximately 2,315,037 shares were traded during mid-day trading, an increase of 25% from the average daily volume of 1,854,637 shares. The stock had previously closed at $1,803.89.

Trending Headlines about ASML

Here are the key news stories impacting ASML this week:

• Positive Sentiment: CEO Christophe Fouquet said AI infrastructure demand remains “enormous,” and that new projects like Elon Musk’s proposed Terafab could create meaningful opportunities for ASML’s EUV tools. ASML CEO Flags Terafab Opportunity as AI Demand Stays Enormous
• Positive Sentiment: ASML’s latest comments also suggested it is working to avoid supply constraints as it serves potential new AI-related projects, reinforcing confidence in future order growth. ASML CEO on AI Demand, Data Centers in Space and Musk’s Terafab
• Positive Sentiment: Analysts and traders are increasingly bullish on ASML’s EUV capacity outlook, with reports that the company may be able to produce more systems than the market expected, which could expand revenue and margin potential. ASML jumps as investors refocus on EUV capacity upside and bullish analyst targets
• Positive Sentiment: Fresh attention around Elon Musk’s Terafab initiative has put ASML back in the spotlight because it is the sole supplier of EUV machines, which are essential for leading-edge chip production. ASML (NasdaqGS:ASML) Stock Is Back In Focus As Musk Eyes Its EUV Tools

Wall Street Analyst Weigh In

Several analysts recently commented on ASML shares. DZ Bank reiterated a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Citigroup reiterated a “buy” rating on shares of ASML in a report on Thursday, April 16th. Wells Fargo & Company reiterated an “overweight” rating and issued a $1,750.00 target price on shares of ASML in a report on Thursday, April 16th. Wall Street Zen cut ASML from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Zacks Research upgraded ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,589.63.

ASML Price Performance

The stock has a market capitalization of $734.59 billion, a P/E ratio of 67.00, a PEG ratio of 1.52 and a beta of 1.82. The business has a fifty day simple moving average of $1,561.06 and a 200-day simple moving average of $1,383.61. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36.

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

Hedge Funds Weigh In On ASML

A number of institutional investors have recently modified their holdings of ASML. Cornerstone Financial Management LLC acquired a new position in shares of ASML during the fourth quarter worth approximately $26,000. Binnacle Investments Inc raised its position in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares during the period. Resources Management Corp CT ADV raised its position in shares of ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 23 shares during the period. North Star Investment Management Corp. raised its position in shares of ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 11 shares during the period. Finally, Jessup Wealth Management Inc acquired a new position in shares of ASML during the fourth quarter worth approximately $30,000. 26.07% of the stock is owned by institutional investors and hedge funds.

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.