ASML (NASDAQ:ASML) Stock Price Up 0.9% – Here’s Why

Shares of ASML Holding (NASDAQ:ASML) rose 0.9% on Wednesday . The stock traded as high as $744.47 and last traded at $742.68. Approximately 466,543 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 1,320,079 shares. The stock had previously closed at $736.29.

Wall Street Analysts Forecast Growth

ASML has been the subject of several research analyst reports. BNP Paribas initiated coverage on shares of ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective for the company. JPMorgan Chase & Co. cut their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Sanford C. Bernstein cut their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Wells Fargo & Company upped their price target on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday. Finally, Susquehanna cut their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $955.50.

ASML Trading Down 1.0 %

The company has a fifty day simple moving average of $702.22 and a 200-day simple moving average of $801.85. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market cap of $286.74 billion, a price-to-earnings ratio of 38.16, a P/E/G ratio of 2.07 and a beta of 1.47.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.24 by $0.56. The firm had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. On average, research analysts forecast that ASML Holding will post 20.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ASML

A number of large investors have recently made changes to their positions in ASML. DekaBank Deutsche Girozentrale increased its holdings in shares of ASML by 10.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 261 shares of the semiconductor company’s stock valued at $270,000 after purchasing an additional 24 shares during the period. William Blair Investment Management LLC increased its holdings in shares of ASML by 8.6% in the 2nd quarter. William Blair Investment Management LLC now owns 8,562 shares of the semiconductor company’s stock valued at $8,757,000 after purchasing an additional 676 shares during the period. Wealthspire Advisors LLC increased its holdings in shares of ASML by 7.6% in the 2nd quarter. Wealthspire Advisors LLC now owns 597 shares of the semiconductor company’s stock valued at $611,000 after purchasing an additional 42 shares during the period. Brown Brothers Harriman & Co. increased its holdings in shares of ASML by 51.0% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,397 shares of the semiconductor company’s stock valued at $1,429,000 after purchasing an additional 472 shares during the period. Finally, One Capital Management LLC increased its holdings in shares of ASML by 99.6% in the 2nd quarter. One Capital Management LLC now owns 461 shares of the semiconductor company’s stock valued at $471,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds 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.