ASML (NASDAQ:ASML) Trading Up 3.2% – Here’s What Happened

ASML Holding N.V. (NASDAQ:ASML) shares shot up 3.2% during mid-day trading on Monday . The stock traded as high as $1,868.60 and last traded at $1,825.07. 1,896,848 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 1,893,742 shares. The stock had previously closed at $1,769.32.

Key ASML News

Here are the key news stories impacting ASML this week:

• Positive Sentiment: Jefferies reiterated a Buy rating on ASML and raised its price target, reflecting confidence in the company’s long-term earnings power as AI-related semiconductor spending stays strong. ASML Holding N.V. (ASML) Price Target Raised by Jefferies on Strong Semiconductor Outlook
• Positive Sentiment: Analysts and commentators say demand for advanced chips and ASML’s monopoly in EUV lithography could support better-than-expected quarterly results, bookings, and guidance. Should You Buy ASML Holding Stock Before July 15?
• Neutral Sentiment: ASML’s recent weakness appears tied to a sector-wide liquidation and margin-driven sell-off affecting chip stocks, which may be weighing on the shares despite unchanged business fundamentals. The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
• Neutral Sentiment: ASML is expected to report earnings soon, and investors are focusing on net bookings as a key indicator of whether the AI chip capex cycle remains intact. ASML (ASML) Expected to Post Earnings on Wednesday
• Negative Sentiment: ASML shares also came under pressure in a broader semiconductor rout triggered by a KOSPI-driven margin cascade, which has temporarily overshadowed its strong competitive position. A Market Panic Just Discounted the AI Highway’s Tollbooth

Wall Street Analysts Forecast Growth

Several research firms recently commented on ASML. JPMorgan Chase & Co. increased their target price on shares of ASML from $1,813.00 to $2,200.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Citigroup reaffirmed a “buy” rating on shares of ASML in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Zacks Research lowered ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Finally, Royal Bank Of Canada lifted their target price on ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,854.12.

ASML Stock Up 1.2%

The business’s 50 day moving average is $1,682.50 and its 200 day moving average is $1,463.04. 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 has a market cap of $695.57 billion, a price-to-earnings ratio of 63.44, a price-to-earnings-growth ratio of 1.39 and a beta of 1.78.

ASML (NASDAQ:ASML) last announced its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The company 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%. Equities analysts expect that ASML Holding N.V. will post 36.62 earnings per share for the current year.

Institutional Investors Weigh In On ASML

Several hedge funds have recently bought and sold shares of the business. Cornerstone Financial Management LLC purchased a new stake in shares of ASML in the fourth quarter worth approximately $26,000. Binnacle Investments Inc grew its position in ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares in the last quarter. Resources Management Corp CT ADV increased its stake 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 buying an additional 23 shares during the period. North Star Investment Management Corp. increased its stake in ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 11 shares during the period. Finally, Jessup Wealth Management Inc purchased a new stake in ASML in the 4th quarter worth approximately $30,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Company Profile

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.