ASML (NASDAQ:ASML) Trading 1.9% Higher – Here’s Why

Shares of ASML Holding (NASDAQ:ASML) shot up 1.9% during trading on Tuesday . The company traded as high as $785.22 and last traded at $784.45. 406,846 shares were traded during trading, a decline of 76% from the average session volume of 1,669,516 shares. The stock had previously closed at $770.20.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays restated an “equal weight” rating on shares of ASML in a report on Tuesday, June 3rd. Wells Fargo & Company reduced their target price on shares of ASML from $860.00 to $840.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Susquehanna decreased their target price on ASML from $1,100.00 to $965.00 and set a “positive” rating for the company in a research report on Thursday, April 17th. Finally, Citigroup reiterated a “buy” rating on shares of ASML in a research note on Monday, May 19th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $906.00.

ASML Price Performance

The firm has a 50-day simple moving average of $696.74 and a 200-day simple moving average of $712.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. The firm has a market capitalization of $307.43 billion, a PE ratio of 37.70, a PEG ratio of 1.62 and a beta of 1.74.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating analysts’ consensus estimates of $6.12 by $0.19. ASML had a return on equity of 47.73% and a net margin of 26.78%. The firm had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $7.90 billion. As a group, equities analysts forecast that ASML Holding will post 25.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Sunpointe LLC grew its holdings in shares of ASML by 1.3% during the fourth quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company’s stock worth $772,000 after buying an additional 14 shares in the last quarter. Rossmore Private Capital boosted its stake in shares of ASML by 0.3% during the first quarter. Rossmore Private Capital now owns 4,347 shares of the semiconductor company’s stock valued at $2,880,000 after acquiring an additional 14 shares during the last quarter. Wealth Quarterback LLC increased its position in ASML by 1.1% during the 4th quarter. Wealth Quarterback LLC now owns 1,331 shares of the semiconductor company’s stock worth $923,000 after purchasing an additional 15 shares in the last quarter. Sfmg LLC lifted its holdings in ASML by 3.0% in the 4th quarter. Sfmg LLC now owns 511 shares of the semiconductor company’s stock valued at $354,000 after purchasing an additional 15 shares in the last quarter. Finally, Norinchukin Bank The boosted its stake in shares of ASML by 1.8% during the 4th quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company’s stock worth $594,000 after purchasing an additional 15 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.