ASML (NASDAQ:ASML) Stock Price Up 4.9% – Here’s Why

ASML Holding N.V. (NASDAQ:ASML) rose 4.9% during mid-day trading on Monday . The stock traded as high as $1,886.12 and last traded at $1,883.11. Approximately 1,720,288 shares were traded during trading, a decline of 8% from the average daily volume of 1,874,570 shares. The stock had previously closed at $1,794.62.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ASML shares. The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a research note on Thursday, June 11th. Wells Fargo & Company increased their price target on ASML from $1,750.00 to $2,200.00 and gave the company an “overweight” rating in a report on Monday, June 22nd. Sanford C. Bernstein reissued a “buy” rating on shares of ASML in a research note on Monday, June 15th. Freedom Capital upgraded ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average target price of $1,772.62.

ASML Stock Performance

The firm has a 50 day simple moving average of $1,628.47 and a 200-day simple moving average of $1,426.33. The company has a market cap of $740.59 billion, a price-to-earnings ratio of 67.54, a PEG ratio of 1.36 and a beta of 1.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The firm had revenue of $10.15 billion during the quarter. As a group, analysts predict that ASML Holding N.V. will post 36.69 EPS for the current fiscal year.

Institutional Investors Weigh In On ASML

Institutional investors and hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its stake in ASML by 195.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock worth $1,652,618,000 after purchasing an additional 1,022,532 shares during the period. Capital International Investors increased its stake in ASML by 17.3% during 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. Alliancebernstein L.P. lifted its holdings in ASML by 75.6% during 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 in the last quarter. Van ECK Associates Corp lifted its holdings in ASML by 16.6% during 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 in the last quarter. Finally, BlueSpruce Investments LP boosted its position in ASML by 18,861.1% in the 3rd quarter. BlueSpruce Investments LP now owns 244,977 shares of the semiconductor company’s stock valued at $237,160,000 after buying an additional 243,685 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

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.