ASML (NASDAQ:ASML) Trading Up 2.7% – What’s Next?

by · The Cerbat Gem

ASML Holding N.V. (NASDAQ:ASMLGet Free Report) rose 2.7% during mid-day trading on Thursday . The company traded as high as $1,601.79 and last traded at $1,592.00. Approximately 1,354,863 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 1,829,329 shares. The stock had previously closed at $1,550.13.

Key Stories Impacting ASML

Here are the key news stories impacting ASML this week:

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Susquehanna restated a “positive” rating on shares of ASML in a research report on Thursday, April 9th. JPMorgan Chase & Co. reissued a “buy” rating on shares of ASML in a research note on Friday, May 15th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $1,750.00 price objective on shares of ASML in a report on Thursday, April 16th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada upped their price target on shares of ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,504.38.

Get Our Latest Stock Report on ASML

ASML Trading Up 2.7%

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 stock’s fifty day moving average is $1,424.03 and its 200 day moving average is $1,291.56. The stock has a market cap of $626.11 billion, a P/E ratio of 57.10, a P/E/G ratio of 1.20 and a beta of 1.81.

ASML (NASDAQ:ASMLGet Free Report) last issued its quarterly earnings data 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 return on equity of 48.69% and a net margin of 27.65%. As a group, equities research analysts predict that ASML Holding N.V. will post 37.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Financial Management LLC bought a new stake in shares of ASML in the 4th quarter worth about $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 worth $27,000 after purchasing an additional 15 shares during the period. 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 worth $27,000 after purchasing an additional 23 shares during the period. North Star Investment Management Corp. raised its position in ASML by 68.8% in 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 bought a new position in shares of ASML during the fourth quarter valued at approximately $30,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

About ASML

(Get Free Report)

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.

Further Reading