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ASML (NASDAQ:ASML) Trading Up 4.4% - Here's What Happened

ASML logo with Computer and Technology background

ASML Holding (NASDAQ:ASML - Get Free Report)'s share price was up 4.4% during trading on Monday . The stock traded as high as $737.46 and last traded at $737.60. Approximately 933,957 shares were traded during trading, a decline of 43% from the average daily volume of 1,644,883 shares. The stock had previously closed at $706.21.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ASML shares. DZ Bank upgraded ASML from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Susquehanna reduced their target price 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 reduced their target price on shares of ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reduced 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 report on Thursday, January 30th. 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 a consensus rating of "Moderate Buy" and a consensus price target of $906.00.

View Our Latest Analysis on ASML

ASML Trading Up 6.2%

The stock has a 50-day moving average of $679.19 and a 200 day moving average of $701.72. The stock has a market cap of $295.15 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results 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 return on equity of 47.73% and a net margin of 26.78%. The company had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $7.90 billion. As a group, sell-side analysts anticipate that ASML Holding will post 25.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ASML. Graypoint LLC raised its stake in ASML by 21.2% in the 4th quarter. Graypoint LLC now owns 394 shares of the semiconductor company's stock valued at $273,000 after purchasing an additional 69 shares during the last quarter. Paragon Advisors LLC raised its stake in ASML by 36.7% in the 4th quarter. Paragon Advisors LLC now owns 9,524 shares of the semiconductor company's stock valued at $6,601,000 after purchasing an additional 2,557 shares during the last quarter. Aprio Wealth Management LLC raised its stake in ASML by 7.5% in the 4th quarter. Aprio Wealth Management LLC now owns 713 shares of the semiconductor company's stock valued at $494,000 after purchasing an additional 50 shares during the last quarter. Threadgill Financial LLC acquired a new position in ASML in the 4th quarter valued at $265,000. Finally, Capital Investment Advisors LLC grew its holdings in ASML by 306.1% in the 4th quarter. Capital Investment Advisors LLC now owns 1,661 shares of the semiconductor company's stock valued at $1,151,000 after buying an additional 1,252 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

About ASML

(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.

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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.

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