ASML Holding N.V. (NASDAQ:ASML – Get Free Report) shares were up 3.3% during mid-day trading on Thursday . The company traded as high as $1,942.87 and last traded at $1,929.68. 2,381,285 shares traded hands during trading, an increase of 28% from the average session volume of 1,857,946 shares. The stock had previously closed at $1,867.83.
Key Headlines Impacting ASML
Here are the key news stories impacting ASML this week:
- Negative Sentiment: U.S. officials reportedly questioned whether an ASML EUV machine may have made its way to China, raising the risk of tighter export scrutiny and possible regulatory fallout. US tells ASML it’s concerned one of its chipmaking tools may be in China, Bloomberg News reports
- Negative Sentiment: ASML is facing fresh China export scrutiny after reports that the Trump administration is probing whether an advanced chipmaking tool was diverted to China, keeping geopolitical risk front and center for investors. ASML Faces Fresh China Export Scrutiny
- Neutral Sentiment: ASML has denied the allegations, saying its EUV systems are not in China; while that may limit immediate damage, the dispute still leaves uncertainty around U.S.-China export controls. US tells ASML it is concerned China may have top chip tool, Bloomberg News reports
- Neutral Sentiment: Longer-term optimism remains in place, with analysts still pointing to strong earnings growth and demand trends, and Barclays recently raising its price target on ASML. Here’s Why ASML Holding N.V. (ASML) Is Among the Stocks with Best Earnings Growth for the Next 3 Years
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research report on Friday, May 8th. Barclays reiterated an “overweight” rating on shares of ASML in a report on Thursday, June 4th. Citigroup reissued a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Freedom Capital upgraded ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $1,750.00 price objective on shares of ASML in a research report on Thursday, April 16th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, ASML has an average rating of “Moderate Buy” and an average target price of $1,589.62.
ASML Stock Performance
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 company’s fifty day moving average is $1,594.98 and its 200-day moving average is $1,399.33. The firm has a market capitalization of $758.90 billion, a P/E ratio of 69.21, a P/E/G ratio of 1.55 and a beta of 1.82.
ASML (NASDAQ:ASML – Get Free Report) last posted its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The business had revenue of $10.15 billion for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. As a group, sell-side analysts anticipate that ASML Holding N.V. will post 36.76 earnings per share for the current fiscal year.
Hedge Funds Weigh In On ASML
A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in ASML by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock valued at $959,180,000 after acquiring an additional 38,660 shares during the period. Gradient Investments LLC grew its holdings in shares of ASML by 424.3% during the 4th quarter. Gradient Investments LLC now owns 14,388 shares of the semiconductor company’s stock worth $15,393,000 after purchasing an additional 11,644 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of ASML by 314.0% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 24,626 shares of the semiconductor company’s stock valued at $23,841,000 after purchasing an additional 18,677 shares during the period. Bingham Private Wealth LLC acquired a new position in shares of ASML in the fourth quarter valued at $1,444,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of ASML by 3.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock valued at $24,036,000 after purchasing an additional 760 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.
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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