ASML Holding N.V. (NASDAQ:ASML – Get Free Report)’s stock price traded up 4% during mid-day trading on Wednesday . The stock traded as high as $1,602.60 and last traded at $1,581.58. 1,684,012 shares were traded during trading, a decline of 9% from the average session volume of 1,845,077 shares. The stock had previously closed at $1,520.94.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. DZ Bank restated a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Royal Bank Of Canada raised their price target on ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Zacks Research cut ASML from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, TD Cowen restated a “buy” rating on shares of ASML in a report on Wednesday, January 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,504.38.
Check Out Our Latest Stock Report on ASML
ASML Price Performance
ASML (NASDAQ:ASML – Get Free Report) last announced its earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The firm 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%. Equities analysts predict that ASML Holding N.V. will post 37.09 EPS for the current fiscal year.
Hedge Funds Weigh In On ASML
A number of institutional investors and hedge funds have recently modified their holdings of ASML. Arrowstreet Capital Limited Partnership boosted its holdings 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 worth $1,652,618,000 after purchasing an additional 1,022,532 shares during the period. Capital International Investors boosted its holdings 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 worth $3,791,982,000 after purchasing an additional 577,448 shares during the period. Regents of The University of California purchased a new position in shares of ASML in the 3rd quarter worth approximately $413,335,000. WCM Investment Management LLC boosted its holdings in shares of ASML by 24.9% in the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after purchasing an additional 385,502 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of ASML by 75.6% in the 3rd quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock worth $765,632,000 after purchasing an additional 340,518 shares during the period. Hedge funds and other institutional investors 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.
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