ASML (NASDAQ:ASML) Trading 3.8% Higher – Here’s Why

ASML Holding N.V. (NASDAQ:ASML) traded up 3.8% during mid-day trading on Tuesday . The stock traded as high as $806.11 and last traded at $809.64. 636,786 shares traded hands during trading, a decline of 62% from the average session volume of 1,686,988 shares. The stock had previously closed at $779.72.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays reiterated an “equal weight” rating on shares of ASML in a research report on Tuesday, June 3rd. Susquehanna reduced their price target on shares of ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a research report on Thursday, April 17th. Sanford C. Bernstein started coverage on shares of ASML in a research report on Tuesday, June 17th. They set a “market perform” rating and a $806.00 price target on the stock. Wells Fargo & Company dropped their price objective on shares of ASML from $860.00 to $840.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, Citigroup reissued a “buy” rating on shares of ASML in a research note on Monday, May 19th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and a consensus price target of $913.80.

ASML Price Performance

The company’s 50 day moving average price is $722.94 and its 200-day moving average price is $717.54. The stock has a market cap of $318.92 billion, a P/E ratio of 34.16, a P/E/G ratio of 1.47 and a beta of 1.74. The company has a quick ratio of 0.91, a current ratio of 1.52 and a debt-to-equity ratio of 0.21.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.12 by $0.19. ASML had a net margin of 28.32% and a return on equity of 51.82%. The firm had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $7.90 billion. As a group, sell-side analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current year.

Hedge Funds Weigh In On ASML

A number of hedge funds have recently bought and sold shares of ASML. Wealthcare Advisory Partners LLC increased its stake in ASML by 12.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 402 shares of the semiconductor company’s stock valued at $266,000 after purchasing an additional 44 shares in the last quarter. Rhumbline Advisers increased its stake in ASML by 12.7% in the first quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company’s stock valued at $5,571,000 after purchasing an additional 947 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in ASML by 2.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company’s stock valued at $22,806,000 after purchasing an additional 763 shares in the last quarter. Novo Holdings A S increased its stake in ASML by 24.4% in the fourth quarter. Novo Holdings A S now owns 165,836 shares of the semiconductor company’s stock valued at $114,938,000 after purchasing an additional 32,500 shares in the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in ASML by 26.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 82,646 shares of the semiconductor company’s stock valued at $57,280,000 after purchasing an additional 17,187 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

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.