ASML (NASDAQ:ASML) Shares Up 2.7% - Here's What Happened

Key Points

• ASML Holding N.V. shares rose by 2.7% to a closing price of $1,009.81, with trading volume increasing by 68% compared to the average session.
• Analyst ratings for ASML show a mix with two Strong Buy, twelve Buy, and seven Hold ratings, while the average price target is $1,001.60.
• The company reported a net margin of 26.95% and a revenue of $8.94 billion, reflecting a 23.2% increase compared to the same quarter last year.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report) shot up 2.7% on Wednesday . The company traded as high as $1,033.00 and last traded at $1,009.81. 2,891,187 shares were traded during mid-day trading, an increase of 68% from the average session volume of 1,718,893 shares. The stock had previously closed at $983.18.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ASML. Weiss Ratings reiterated a "hold (c+)" rating on shares of ASML in a report on Wednesday, October 8th. UBS Group reiterated a "buy" rating on shares of ASML in a report on Wednesday. Wells Fargo & Company boosted their price target on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of ASML in a report on Tuesday, September 30th. Finally, Susquehanna boosted their price target on ASML from $965.00 to $1,150.00 and gave the company a "positive" rating in a report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, ASML currently has an average rating of "Moderate Buy" and an average price target of $1,001.60.

ASML Stock Up 2.7%

The firm has a market cap of $397.14 billion, a price-to-earnings ratio of 42.15, a price-to-earnings-growth ratio of 1.66 and a beta of 1.87. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $845.63 and a 200-day moving average of $766.66.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). ASML had a net margin of 26.95% and a return on equity of 49.47%. The company had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same quarter in the prior year, the firm earned $4.01 EPS. The company's revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, sell-side analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Putney Financial Group LLC boosted its position in ASML by 322.2% during the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 29 shares during the period. Princeton Global Asset Management LLC boosted its position in ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 20 shares during the period. Banque Cantonale Vaudoise acquired a new position in ASML during the 1st quarter worth $27,000. Binnacle Investments Inc boosted its position in ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 15 shares during the period. Finally, Pin Oak Investment Advisors Inc. acquired a new position in ASML during the 2nd quarter worth $30,000. 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.

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