ASML (NASDAQ:ASML) Shares Up 3.8% - Here's Why

ASML Holding N.V. (NASDAQ:ASML - Get Free Report)'s stock price traded up 3.8% during mid-day trading on Tuesday . The stock traded as high as $806.11 and last traded at $809.64. 636,786 shares changed hands during trading, a decline of 62% from the average session volume of 1,686,988 shares. The stock had previously closed at $779.72.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ASML shares. Sanford C. Bernstein began coverage on ASML in a research report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price objective for the company. Wells Fargo & Company reduced their price target on ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Barclays restated an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Citigroup reiterated a "buy" rating on shares of ASML in a research note on Monday, May 19th. Finally, Jefferies Financial Group lowered shares of ASML from a "buy" rating to a "hold" rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $913.80.

ASML Stock Down 0.3%

The company has a quick ratio of 0.91, a current ratio of 1.52 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $732.31 and a 200-day simple moving average of $719.50. The stock has a market cap of $313.01 billion, a P/E ratio of 33.53, a PEG ratio of 1.58 and a beta of 1.74.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) 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 the consensus estimate of $7.90 billion. ASML had a net margin of 28.32% and a return on equity of 51.82%. Analysts expect that ASML Holding N.V. will post 25.17 EPS for the current year.

Hedge Funds Weigh In On ASML

Several large investors have recently bought and sold shares of the stock. Putney Financial Group LLC raised its position in shares of ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after buying an additional 29 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in ASML during the first quarter worth about $27,000. Wellington Shields & Co. LLC increased its stake in ASML by 740.0% during the fourth quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 37 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new position in ASML in the 4th quarter valued at approximately $31,000. Finally, Knuff & Co LLC bought a new stake in shares of ASML in the 1st quarter worth approximately $33,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Company Profile

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.