ASML (NASDAQ:ASML) Shares Up 2.2% – What’s Next?

ASML Holding N.V. (NASDAQ:ASMLGet Free Report) shares shot up 2.2% during mid-day trading on Wednesday . The stock traded as high as $1,830.00 and last traded at $1,815.27. Approximately 4,173,159 shares were traded during trading, an increase of 120% from the average session volume of 1,901,170 shares. The stock had previously closed at $1,775.64.

Trending Headlines about ASML

Here are the key news stories impacting ASML this week:

Wall Street Analyst Weigh In

A number of research analysts recently commented on ASML shares. Royal Bank Of Canada upped their target price on ASML from $1,700.00 to $2,000.00 and gave the company an “outperform” rating in a research note on Tuesday. Susquehanna reissued a “positive” rating on shares of ASML in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a report on Friday. Morgan Stanley reiterated an “overweight” rating on shares of ASML in a research report on Tuesday, July 7th. Finally, Barclays reissued a “buy” rating on shares of ASML in a report on Monday, June 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,891.62.

Read Our Latest Research Report on ASML

ASML Stock Performance

The stock has a market capitalization of $714.45 billion, a price-to-earnings ratio of 65.16, a price-to-earnings-growth ratio of 1.31 and a beta of 1.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The stock has a 50-day moving average of $1,718.08 and a 200 day moving average of $1,488.36.

ASML (NASDAQ:ASMLGet Free Report) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The business had revenue of $10.15 billion during the quarter. On average, analysts expect that ASML Holding N.V. will post 36.62 EPS for the current year.

Hedge Funds Weigh In On ASML

Several institutional investors have recently modified their holdings of the business. Cornerstone Financial Management LLC bought a new stake in ASML during the 4th quarter worth approximately $26,000. Binnacle Investments Inc boosted its holdings in shares of ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares during the period. Resources Management Corp CT ADV boosted its holdings in shares of ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 23 shares during the period. North Star Investment Management Corp. increased its position in shares of ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc acquired a new stake in shares of ASML during the fourth quarter worth $30,000. Institutional investors own 26.07% of the company’s stock.

ASML Company Profile

(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.

Recommended Stories

Receive News & Ratings for ASML Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASML and related companies with MarketBeat.com's FREE daily email newsletter.