ASML (NASDAQ:ASML) Trading Up 5.6% – Here’s Why

ASML Holding N.V. (NASDAQ:ASML)’s stock price rose 5.6% on Tuesday . The stock traded as high as $1,999.96 and last traded at $1,989.44. Approximately 2,692,204 shares traded hands during trading, an increase of 43% from the average session volume of 1,881,510 shares. The stock had previously closed at $1,883.11.

Analysts Set New Price Targets

Several research analysts have commented on the company. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research report on Friday, May 8th. Barclays reissued a “buy” rating on shares of ASML in a research report on Monday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a report on Thursday, June 11th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,772.62.

ASML Stock Performance

The firm has a fifty day simple moving average of $1,637.92 and a 200 day simple moving average of $1,431.76. 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 stock has a market cap of $782.41 billion, a price-to-earnings ratio of 71.36, a PEG ratio of 1.36 and a beta of 1.82.

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

Institutional Investors Weigh In On ASML

Institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC lifted its holdings in shares of ASML by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after acquiring an additional 132,353 shares during the period. Capital International Investors increased its stake in ASML by 17.3% in the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock valued at $3,791,982,000 after acquiring an additional 577,448 shares during the period. Van ECK Associates Corp raised its position in ASML by 16.6% in the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock worth $2,079,948,000 after purchasing an additional 305,435 shares in the last quarter. Bank of America Corp DE raised its position in ASML by 8.3% in the third quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock worth $1,805,733,000 after purchasing an additional 142,763 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in ASML by 6.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock worth $2,168,227,000 after purchasing an additional 96,860 shares during the period. Institutional investors and hedge funds 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.