ASML (NASDAQ:ASML) Trading 3.2% Higher – Here’s What Happened

ASML Holding N.V. (NASDAQ:ASML) rose 3.2% during mid-day trading on Monday . The company traded as high as $1,868.60 and last traded at $1,825.07. Approximately 1,896,848 shares changed hands during trading, an increase of 0% from the average session volume of 1,893,742 shares. The stock had previously closed at $1,769.32.

ASML News Roundup

Here are the key news stories impacting ASML this week:

• Positive Sentiment: Bernstein argued the market is “badly wrong” on ASML and said the stock still has meaningful upside after its strong run, reinforcing optimism around the company’s long-term earnings power. Bernstein Says the Street Is Badly Wrong on ASML
• Positive Sentiment: Another report highlighted ASML’s rally and said Bernstein believes the shares can keep climbing, with the stock benefiting from continued enthusiasm for AI-related chip spending. ASML Stock Gains Over 5% — Why Bernstein Thinks ASML Holding Can Keep Climbing After Nearly 140% Run In The Past Year
• Positive Sentiment: Reports that SK Hynix plans major spending on ASML EUV systems underscore continued demand for ASML’s high-end lithography tools, which supports revenue visibility. SK Hynix plans to spend 11.9T won to acquire ASML’s EUV systems
• Positive Sentiment: ASML’s ongoing share buyback activity adds support for the stock and signals management confidence in the company’s valuation and cash generation. ASML reports transactions under its current share buyback program
• Neutral Sentiment: SK hynix’s planned Nasdaq listing and broader chip-sector strength are helping lift sentiment across semiconductor stocks, including ASML, though this is more of a sector tailwind than a company-specific catalyst. SK hynix to launch $28bn Nasdaq listing amid global AI chip demand
• Neutral Sentiment: News that Dutch trade officials are heading to China as Nexperia tensions and possible ASML export curbs loom could create policy uncertainty for the sector, but it is not yet a direct negative for ASML. Dutch trade minister heads to China as Nexperia dispute and ASML curbs loom
• Neutral Sentiment: Brokerage coverage remains constructive overall, with ASML receiving a “Moderate Buy” consensus rating, supporting the positive sentiment but not adding a major new catalyst. ASML Holding N.V. Receives Consensus Rating of “Moderate Buy” from Brokerages

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Weiss Ratings cut shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Freedom Capital upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, June 11th. Barclays reiterated a “buy” rating on shares of ASML in a report on Monday, June 29th. Finally, Zacks Research upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,854.12.

ASML Price Performance

The stock has a market capitalization of $717.77 billion, a PE ratio of 65.46, a P/E/G ratio of 1.34 and a beta of 1.78. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average is $1,668.56 and its 200 day moving average is $1,452.61.

ASML (NASDAQ:ASML) last announced 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 business had revenue of $10.15 billion during the quarter. As a group, equities analysts predict that ASML Holding N.V. will post 36.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Cornerstone Financial Management LLC bought a new position in ASML during the fourth quarter worth $26,000. Binnacle Investments Inc boosted its holdings in ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares during the period. Resources Management Corp CT ADV grew its position in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 23 shares during the last quarter. North Star Investment Management Corp. grew its position in ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in shares of ASML during the fourth quarter valued at about $30,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.