ASML (NASDAQ:ASML) Stock Price Up 2.7% – Here’s Why

Shares of ASML Holding N.V. (NASDAQ:ASML) traded up 2.7% during mid-day trading on Thursday . The stock traded as high as $1,601.79 and last traded at $1,592.00. 1,354,863 shares were traded during mid-day trading, a decline of 26% from the average session volume of 1,829,329 shares. The stock had previously closed at $1,550.13.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ASML. Wells Fargo & Company reissued an “overweight” rating and issued a $1,750.00 price objective on shares of ASML in a research report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a report on Thursday, April 16th. DZ Bank restated a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. TD Cowen reiterated a “buy” rating on shares of ASML in a research note on Wednesday, January 28th. Finally, Barclays raised shares of ASML to a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,504.38.

ASML Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The business’s fifty day moving average price is $1,433.13 and its 200-day moving average price is $1,297.67. The stock has a market capitalization of $642.19 billion, a price-to-earnings ratio of 58.57, a PEG ratio of 1.31 and a beta of 1.81.

ASML (NASDAQ:ASML) last posted its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The company had revenue of $10.15 billion for the quarter. On average, research analysts forecast that ASML Holding N.V. will post 37.1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Segall Bryant & Hamill LLC purchased a new stake in shares of ASML during the 1st quarter valued at $32,675,000. GKV Capital Management Co. Inc. grew its position in ASML by 20.9% during the first quarter. GKV Capital Management Co. Inc. now owns 1,251 shares of the semiconductor company’s stock valued at $1,652,000 after buying an additional 216 shares during the period. Essential Partners LLC increased its holdings in ASML by 20.5% during the first quarter. Essential Partners LLC now owns 47 shares of the semiconductor company’s stock worth $62,000 after buying an additional 8 shares during the last quarter. BankChampaign National Association bought a new stake in ASML in the first quarter worth about $836,000. Finally, Hobbs Group Advisors LLC purchased a new position in ASML in the first quarter valued at about $220,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

About ASML

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.