ASML (NASDAQ:ASML) Stock Price Up 4% – What’s Next?

Shares of ASML Holding N.V. (NASDAQ:ASML) traded up 4% during mid-day trading on Wednesday . The company traded as high as $1,602.60 and last traded at $1,581.58. 1,684,012 shares were traded during mid-day trading, a decline of 9% from the average session volume of 1,845,077 shares. The stock had previously closed at $1,520.94.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ASML. Royal Bank Of Canada lifted their price objective on ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. UBS Group restated a “buy” rating on shares of ASML in a research note on Thursday, April 23rd. Freedom Capital upgraded ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Susquehanna reaffirmed a “positive” rating on shares of ASML in a research note on Thursday, April 9th. Finally, Morgan Stanley reissued an “overweight” rating on shares of ASML in a research report on Friday, January 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,504.38.

ASML Stock Performance

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 stock has a market capitalization of $622.00 billion, a P/E ratio of 56.73, a PEG ratio of 1.28 and a beta of 1.81. The business has a 50-day moving average price of $1,405.10 and a 200 day moving average price of $1,271.69.

ASML (NASDAQ:ASML) last posted its quarterly earnings data 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 during the quarter. As a group, sell-side analysts forecast that ASML Holding N.V. will post 37.08 EPS for the current fiscal year.

Institutional Trading of ASML

Institutional investors have recently bought and sold shares of the company. Militia Capital Management LLC bought a new position in shares of ASML in the first quarter worth approximately $756,000. Signature Equity Partners LLC increased its position in shares of ASML by 20.0% during the first quarter. Signature Equity Partners LLC now owns 48 shares of the semiconductor company’s stock valued at $64,000 after acquiring an additional 8 shares in the last quarter. NewEdge Wealth LLC raised its holdings in ASML by 6.6% in the 1st quarter. NewEdge Wealth LLC now owns 14,651 shares of the semiconductor company’s stock worth $19,352,000 after acquiring an additional 912 shares during the last quarter. First Citizens Bank & Trust Co. lifted its position in ASML by 4.3% in the 1st quarter. First Citizens Bank & Trust Co. now owns 849 shares of the semiconductor company’s stock valued at $1,121,000 after acquiring an additional 35 shares in the last quarter. Finally, Alesco Advisors LLC An ESL Co purchased a new stake in ASML during the 1st quarter valued at $837,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.