ASML (NASDAQ:ASML) Shares Up 4.8% – Here’s Why

Shares of ASML Holding N.V. (NASDAQ:ASML) traded up 4.8% during trading on Tuesday . The stock traded as high as $1,646.53 and last traded at $1,707.11. 1,057,977 shares were traded during mid-day trading, a decline of 33% from the average session volume of 1,577,295 shares. The stock had previously closed at $1,628.57.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley reissued an “overweight” rating on shares of ASML in a report on Wednesday. Susquehanna reissued a “positive” rating on shares of ASML in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a report on Thursday, April 16th. UBS Group reissued a “buy” rating on shares of ASML in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of ASML from $1,813.00 to $2,200.00 and gave the company a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average target price of $1,589.63.

ASML Trading Up 1.2%

The business’s 50 day moving average price is $1,478.55 and its two-hundred day moving average price is $1,333.83. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $678.94 billion, a price-to-earnings ratio of 61.92, a P/E/G ratio of 1.40 and a beta of 1.82.

ASML (NASDAQ:ASML) last posted its quarterly 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, equities analysts predict that ASML Holding N.V. will post 37.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ASML

A number of hedge funds have recently made changes to their positions in ASML. Arrowstreet Capital Limited Partnership boosted its stake 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 valued at $1,652,618,000 after purchasing an additional 1,022,532 shares in the last quarter. Capital International Investors boosted its stake 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 valued at $3,791,982,000 after purchasing an additional 577,448 shares in the last quarter. Regents of The University of California acquired a new stake in ASML during the 3rd quarter worth approximately $413,335,000. Alliancebernstein L.P. boosted its position 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 during the period. Finally, Van ECK Associates Corp boosted its position 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 during the period. 26.07% of the stock is currently 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.