ASML (NASDAQ:ASML) Trading Up 1.3% After Analyst Upgrade

ASML Holding N.V. (NASDAQ:ASML - Get Free Report)'s stock price shot up 1.3% during mid-day trading on Tuesday after Wells Fargo & Company raised their price target on the stock from $840.00 to $890.00. Wells Fargo & Company currently has an overweight rating on the stock. ASML traded as high as $796.33 and last traded at $795.66. 495,781 shares traded hands during trading, a decline of 71% from the average session volume of 1,704,978 shares. The stock had previously closed at $785.09.

Other equities analysts also recently issued reports about the company. Susquehanna reduced their price target on ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Barclays reissued an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Citigroup reissued a "buy" rating on shares of ASML in a report on Monday, May 19th. Jefferies Financial Group lowered shares of ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Finally, Sanford C. Bernstein started coverage on shares of ASML in a report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $923.80.

Institutional Trading of ASML

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rossmore Private Capital grew its holdings in ASML by 0.3% during the 1st quarter. Rossmore Private Capital now owns 4,347 shares of the semiconductor company's stock valued at $2,880,000 after purchasing an additional 14 shares in the last quarter. Sfmg LLC lifted its position in shares of ASML by 3.0% in the 4th quarter. Sfmg LLC now owns 511 shares of the semiconductor company's stock worth $354,000 after buying an additional 15 shares during the last quarter. Norinchukin Bank The lifted its position in ASML by 1.8% in the 4th quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company's stock valued at $594,000 after purchasing an additional 15 shares during the last quarter. Coppell Advisory Solutions LLC lifted its position in ASML by 18.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 96 shares of the semiconductor company's stock valued at $67,000 after purchasing an additional 15 shares during the last quarter. Finally, Sage Mountain Advisors LLC lifted its position in ASML by 2.6% in the 1st quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company's stock valued at $399,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Stock Performance

The stock has a market capitalization of $312.73 billion, a P/E ratio of 33.50, a P/E/G ratio of 1.66 and a beta of 1.73. The company's 50-day moving average is $751.79 and its two-hundred day moving average is $723.39. The company has a current ratio of 1.52, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21.

ASML (NASDAQ:ASML - Get Free Report) last released its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, beating the consensus estimate of $6.12 by $0.19. The firm had revenue of $8.77 billion for the quarter, compared to analysts' expectations of $7.90 billion. ASML had a net margin of 28.32% and a return on equity of 51.82%. As a group, sell-side analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.