ASML (NASDAQ:ASML) Shares Up 1.9% - Here's What Happened

ASML Holding (NASDAQ:ASML - Get Free Report) was up 1.9% on Tuesday . The company traded as high as $785.22 and last traded at $784.45. Approximately 406,846 shares were traded during trading, a decline of 76% from the average daily volume of 1,669,516 shares. The stock had previously closed at $770.20.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ASML shares. Susquehanna decreased their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company decreased their target price on ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Barclays reiterated an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Finally, Citigroup reissued a "buy" rating on shares of ASML in a research report on Monday, May 19th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $906.00.

ASML Stock Down 0.1%

The stock's fifty day moving average price is $699.98 and its 200-day moving average price is $712.75. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $308.48 billion, a price-to-earnings ratio of 37.70, a P/E/G ratio of 1.62 and a beta of 1.74.

ASML (NASDAQ:ASML - Get Free Report) last released its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share 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 business had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $7.90 billion. On average, sell-side analysts predict that ASML Holding will post 25.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ASML

Several hedge funds have recently modified their holdings of ASML. Putney Financial Group LLC boosted its position in 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 purchasing an additional 29 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of ASML during the 1st quarter worth approximately $27,000. Wellington Shields & Co. LLC boosted its holdings in shares of ASML by 740.0% in the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock valued at $29,000 after buying an additional 37 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in shares of ASML in the fourth quarter valued at $31,000. Finally, Knuff & Co LLC acquired a new position in ASML during the first quarter worth $33,000. Institutional investors 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.