ASML (NASDAQ:ASML) Trading Up 1.6% – Here’s What Happened

ASML Holding N.V. (NASDAQ:ASML) shares were up 1.6% on Tuesday . The stock traded as high as $1,831.11 and last traded at $1,777.77. Approximately 3,115,070 shares changed hands during mid-day trading, an increase of 71% from the average daily volume of 1,823,065 shares. The stock had previously closed at $1,749.04.

Key Headlines Impacting ASML

Here are the key news stories impacting ASML this week:

• Positive Sentiment: ASML became the first European public company valued above $700 billion, underscoring strong investor confidence in its long-term role in AI and semiconductor infrastructure. ASML becomes first European public company valued over $700B
• Positive Sentiment: BofA reiterated a Buy rating and raised its price target on ASML, citing upbeat takeaways from the company’s technology conference. BofA Remains Bullish on ASML Holding (ASML) – Here’s Why
• Positive Sentiment: Multiple articles highlighted ASML as a top AI/semiconductor stock and a preferred long-term holding, reinforcing bullish sentiment around demand for its EUV lithography tools. ASML Holding N.V. (ASML) Is A Top AI Stock In Billionaire Ken Fisher’s Portfolio
• Neutral Sentiment: Commentary on ASML’s recent run notes strong momentum, but also raises valuation questions after a sharp multi-period share price advance. Assessing ASML Holding (NasdaqGS:ASML) Valuation After A Strong Multi-Period Share Price Run
• Neutral Sentiment: ASML also remains in focus from the broader semiconductor rally and rising AI chip demand, which is supportive for the stock’s outlook. 5 Stocks to Boost Your Portfolio on Soaring Semiconductor Sales
• Negative Sentiment: Some reports pointed to a correction in the semiconductor index and increased short positioning across chip names, which could create near-term pressure on ASML if the sector cools. Semiconductor shorts pile on as winning trade reverses

Analysts Set New Price Targets

Several brokerages recently commented on ASML. Zacks Research raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $1,750.00 price objective on shares of ASML in a research note on Thursday, April 16th. Barclays reaffirmed an “overweight” rating on shares of ASML in a research note on Thursday, June 4th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a research note on Wednesday, June 3rd. Finally, UBS Group reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, May 20th. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,589.63.

ASML Trading Up 1.6%

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 cap of $699.16 billion, a PE ratio of 63.77, a PEG ratio of 1.31 and a beta of 1.82. The stock’s 50 day simple moving average is $1,499.06 and its 200 day simple moving average is $1,348.74.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The business 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%. On average, sell-side analysts forecast that ASML Holding N.V. will post 36.93 earnings per share for the current fiscal year.

Institutional Trading of ASML

A number of hedge funds and other institutional investors have recently modified their holdings of ASML. Arrowstreet Capital Limited Partnership grew its position in shares of ASML by 195.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock worth $1,652,618,000 after buying an additional 1,022,532 shares during the period. Capital International Investors grew its position in shares of ASML by 17.3% in the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after buying an additional 577,448 shares during the period. Regents of The University of California purchased a new stake in shares of ASML in the 3rd quarter worth about $413,335,000. Alliancebernstein L.P. grew its position in shares of ASML by 75.6% in the 3rd quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock worth $765,632,000 after buying an additional 340,518 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of ASML by 16.6% in the 3rd quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock worth $2,079,948,000 after buying an additional 305,435 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.