ASML Holding (NASDAQ:ASML - Get Free Report) shot up 1.2% during mid-day trading on Tuesday . The stock traded as high as $759.11 and last traded at $758.99. 574,704 shares traded hands during trading, a decline of 65% from the average session volume of 1,647,126 shares. The stock had previously closed at $750.20.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on ASML shares. DZ Bank upgraded shares of ASML from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Wells Fargo & Company cut their target price on shares of ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. cut their target price on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Finally, Susquehanna cut their target price on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ASML has an average rating of "Moderate Buy" and an average target price of $906.00.
Read Our Latest Stock Analysis on ASML
ASML Stock Down 0.5%
The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. The stock has a market capitalization of $301.00 billion, a price-to-earnings ratio of 36.78, a P/E/G ratio of 1.62 and a beta of 1.75. The firm's fifty day simple moving average is $681.12 and its 200 day simple moving average is $702.88.
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, beating analysts' consensus estimates of $6.12 by $0.19. ASML had a net margin of 26.78% and a return on equity of 47.73%. The company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. On average, sell-side analysts forecast that ASML Holding will post 25.17 earnings per share for the current year.
Hedge Funds Weigh In On ASML
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Carnegie Investment Counsel raised its stake in ASML by 68.9% in the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company's stock valued at $1,475,000 after purchasing an additional 868 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in ASML by 36.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 26,322 shares of the semiconductor company's stock valued at $18,243,000 after acquiring an additional 7,073 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of ASML by 12.2% during the 4th quarter. Fifth Third Bancorp now owns 9,759 shares of the semiconductor company's stock worth $6,764,000 after buying an additional 1,062 shares in the last quarter. Alpha Cubed Investments LLC boosted its holdings in shares of ASML by 33.9% during the 4th quarter. Alpha Cubed Investments LLC now owns 81,564 shares of the semiconductor company's stock worth $56,530,000 after buying an additional 20,651 shares in the last quarter. Finally, Vantage Investment Partners LLC boosted its holdings in shares of ASML by 53.3% during the 4th quarter. Vantage Investment Partners LLC now owns 53,290 shares of the semiconductor company's stock worth $36,934,000 after buying an additional 18,523 shares in the last quarter. 26.07% of the stock is owned by institutional investors.
ASML Company Profile
(
Get Free Report)
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.
Further Reading
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