ASML (NASDAQ:ASML) Stock Price Up 4% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML) shares were up 4% on Wednesday . The company traded as high as $1,602.60 and last traded at $1,581.58. Approximately 1,684,012 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 1,845,077 shares. The stock had previously closed at $1,520.94.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. KGI Securities set a $1,415.00 target price on shares of ASML and gave the company an “outperform” rating in a report on Thursday, January 15th. Berenberg Bank reissued a “buy” rating on shares of ASML in a research note on Friday, May 8th. DZ Bank restated a “neutral” rating on shares of ASML in a research report on Wednesday, April 15th. Freedom Capital upgraded ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Finally, Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research note on Wednesday, April 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $1,504.38.

ASML Stock Up 4.0%

The company has a market capitalization of $622.00 billion, a P/E ratio of 56.73, a price-to-earnings-growth ratio of 1.28 and a beta of 1.81. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average is $1,405.10 and its 200 day moving average is $1,271.69.

ASML (NASDAQ:ASML) last announced its quarterly earnings results 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 net margin of 27.65% and a return on equity of 48.69%. Research analysts predict that ASML Holding N.V. will post 37.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ASML. Arrowstreet Capital Limited Partnership raised its holdings in shares of ASML by 195.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock valued at $1,652,618,000 after acquiring an additional 1,022,532 shares in the last quarter. Capital International Investors boosted its holdings in ASML by 17.3% in the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock valued at $3,791,982,000 after acquiring an additional 577,448 shares in the last quarter. Regents of The University of California purchased a new position in ASML during the 3rd quarter valued at $413,335,000. WCM Investment Management LLC raised its holdings in ASML by 24.9% in the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after purchasing an additional 385,502 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in ASML by 75.6% in the 3rd quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock worth $765,632,000 after purchasing an additional 340,518 shares in the last quarter. Institutional investors 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.