ASML (NASDAQ:ASML) Shares Up 1.1% - Here's Why

ASML Holding (NASDAQ:ASML - Get Free Report)'s share price was up 1.1% during mid-day trading on Wednesday . The company traded as high as $689.72 and last traded at $687.15. Approximately 223,143 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 1,634,577 shares. The stock had previously closed at $679.99.

Analyst Ratings Changes

Several brokerages have recently commented on ASML. JPMorgan Chase & Co. reduced their price target on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. DZ Bank upgraded ASML from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Susquehanna reduced their price objective on ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Finally, Wells Fargo & Company reduced their price target on shares of ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $906.00.

ASML Price Performance

The company has a market cap of $273.86 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 1.62 and a beta of 1.75. The company's 50 day moving average price is $679.24 and its 200-day moving average price is $701.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping the consensus estimate of $6.12 by $0.19. The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $7.90 billion. ASML had a return on equity of 47.73% and a net margin of 26.78%. On average, equities research analysts forecast that ASML Holding will post 25.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Synovus Financial Corp lifted its stake in shares of ASML by 4.9% in the third quarter. Synovus Financial Corp now owns 475 shares of the semiconductor company's stock valued at $396,000 after buying an additional 22 shares during the period. First Hawaiian Bank grew its holdings in shares of ASML by 32.4% during the 4th quarter. First Hawaiian Bank now owns 1,013 shares of the semiconductor company's stock worth $702,000 after purchasing an additional 248 shares in the last quarter. Michael S. Ryan Inc. bought a new stake in shares of ASML during the fourth quarter valued at approximately $365,000. ST Germain D J Co. Inc. raised its stake in shares of ASML by 106.3% in the fourth quarter. ST Germain D J Co. Inc. now owns 26,585 shares of the semiconductor company's stock valued at $18,426,000 after purchasing an additional 13,697 shares in the last quarter. Finally, Ridgewood Investments LLC boosted its stake in ASML by 742.1% during the fourth quarter. Ridgewood Investments LLC now owns 320 shares of the semiconductor company's stock worth $222,000 after buying an additional 282 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

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.

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