ASML (NASDAQ:ASML) Trading 1.3% Higher - What's Next?

ASML Holding N.V. (NASDAQ:ASML - Get Free Report)'s stock price shot up 1.3% on Tuesday . The company traded as high as $825.98 and last traded at $816.95. 566,945 shares changed hands during trading, a decline of 67% from the average session volume of 1,711,727 shares. The stock had previously closed at $806.73.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ASML. Wells Fargo & Company upped their target price on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Jefferies Financial Group downgraded ASML from a "buy" rating to a "hold" rating in a research report on Thursday, June 26th. Citigroup restated a "buy" rating on shares of ASML in a research report on Monday, May 19th. Sanford C. Bernstein initiated 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. Finally, Barclays restated an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $923.80.

ASML Trading Down 8.3%

The company has a market cap of $296.82 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 1.72 and a beta of 1.73. The firm has a 50 day moving average price of $768.31 and a two-hundred day moving average price of $727.15. The company has a quick ratio of 0.91, a current ratio of 1.52 and a debt-to-equity ratio of 0.21.

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

Institutional Investors Weigh In On ASML

Several institutional investors and hedge funds have recently made changes to their positions in ASML. GAMMA Investing LLC boosted its holdings in ASML by 70,115.5% in the first quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company's stock worth $9,282,120,000 after acquiring an additional 1,398,805 shares in the last quarter. Edgewood Management LLC boosted its holdings in ASML by 43.1% in the fourth quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company's stock worth $2,208,615,000 after acquiring an additional 959,696 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new position in ASML in the first quarter worth approximately $360,262,000. Invesco Ltd. boosted its holdings in ASML by 101.0% in the first quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company's stock worth $484,562,000 after acquiring an additional 367,505 shares in the last quarter. Finally, Amundi boosted its holdings in ASML by 91.6% in the first quarter. Amundi now owns 642,498 shares of the semiconductor company's stock worth $403,215,000 after acquiring an additional 307,214 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

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.