ASML (NASDAQ:ASML) Trading 4.9% Higher – Here’s Why

ASML Holding N.V. (NASDAQ:ASML)’s stock price shot up 4.9% during mid-day trading on Monday . The company traded as high as $1,886.12 and last traded at $1,883.11. Approximately 1,720,288 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 1,874,570 shares. The stock had previously closed at $1,794.62.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of analyst reports. Zacks Research raised ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Weiss Ratings cut shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Wall Street Zen lowered shares of ASML from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. JPMorgan Chase & Co. lifted their price objective on shares of ASML from $1,813.00 to $2,200.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Sanford C. Bernstein restated a “buy” rating on shares of ASML in a research note on Monday, June 15th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,772.62.

ASML Stock Up 4.9%

The firm’s 50-day moving average price is $1,628.47 and its two-hundred day moving average price is $1,426.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The firm has a market cap of $740.59 billion, a PE ratio of 67.54, a P/E/G ratio of 1.36 and a beta of 1.82.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ASML. Cornerstone Financial Management LLC acquired a new stake in shares of ASML in the fourth quarter valued at approximately $26,000. Binnacle Investments Inc raised its position in ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares during the last quarter. Resources Management Corp CT ADV raised its position in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares during the last quarter. North Star Investment Management Corp. boosted its stake in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 11 shares during the period. Finally, Jessup Wealth Management Inc purchased a new position in ASML during the 4th quarter worth $30,000. 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.