ASML (NASDAQ:ASML) Stock Price Up 5.4% on Analyst Upgrade

Shares of ASML Holding N.V. (NASDAQ:ASMLGet Free Report) rose 5.4% during trading on Thursday after Wells Fargo & Company raised their price target on the stock from $1,140.00 to $1,450.00. Wells Fargo & Company currently has an overweight rating on the stock. ASML traded as high as $1,358.00 and last traded at $1,331.60. Approximately 2,851,772 shares were traded during trading, an increase of 39% from the average daily volume of 2,056,134 shares. The stock had previously closed at $1,263.72.

A number of other research firms also recently commented on ASML. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a report on Wednesday, December 10th. KGI Securities set a $1,415.00 price target on ASML and gave the company an “outperform” rating in a research report on Thursday. Mizuho raised shares of ASML from a “neutral” rating to an “outperform” rating in a report on Monday, September 29th. Rothschild Redb raised shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Finally, Berenberg Bank restated a “buy” rating on shares of ASML in a research report on Thursday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, ASML has an average rating of “Moderate Buy” and an average price target of $1,392.75.

View Our Latest Stock Analysis on ASML

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Institutional Trading of ASML

Several hedge funds have recently added to or reduced their stakes in ASML. Manning & Napier Advisors LLC acquired a new position in shares of ASML during the third quarter valued at $25,000. City Holding Co. bought a new position in ASML in the 3rd quarter valued at about $26,000. Princeton Global Asset Management LLC increased its stake in ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 20 shares during the period. Binnacle Investments Inc raised its position in shares of ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new stake in shares of ASML during the 3rd quarter worth about $34,000. Institutional investors own 26.07% of the company’s stock.

ASML Trading Up 5.4%

The business’s 50 day moving average price is $1,088.57 and its two-hundred day moving average price is $935.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. The company has a market capitalization of $523.70 billion, a price-to-earnings ratio of 54.20, a price-to-earnings-growth ratio of 1.88 and a beta of 1.86.

ASML (NASDAQ:ASMLGet Free Report) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. The business had revenue of $8.80 billion for the quarter, compared to analyst estimates of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the business earned $5.28 earnings per share. Equities analysts forecast that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Company Profile

(Get Free Report)

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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