ASML (NASDAQ:ASML) Trading 1.8% Higher – Here’s What Happened

ASML Holding N.V. (NASDAQ:ASML) traded up 1.8% during trading on Monday . The stock traded as high as $1,419.95 and last traded at $1,413.35. 1,985,683 shares were traded during mid-day trading, a decline of 6% from the average session volume of 2,111,226 shares. The stock had previously closed at $1,389.04.

Wall Street Analyst Weigh In

ASML has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a report on Wednesday, December 10th. Royal Bank Of Canada initiated coverage on shares of ASML in a report on Wednesday, January 14th. They issued an “outperform” rating and a $1,550.00 target price on the stock. KGI Securities set a $1,415.00 target price on shares of ASML and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Evercore ISI reissued an “outperform” rating on shares of ASML in a report on Thursday, October 16th. Finally, Wells Fargo & Company lifted their price objective on ASML from $1,140.00 to $1,450.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,407.00.

ASML Stock Performance

The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The company has a market cap of $555.84 billion, a P/E ratio of 57.52, a PEG ratio of 1.87 and a beta of 1.86. The business’s 50 day simple moving average is $1,135.52 and its 200 day simple moving average is $963.97.

Hedge Funds Weigh In On ASML

A number of hedge funds have recently made changes to their positions in ASML. Manning & Napier Advisors LLC bought a new stake in ASML in the 3rd quarter worth approximately $25,000. Princeton Global Asset Management LLC lifted its holdings in shares of ASML by 153.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 20 shares during the last quarter. City Holding Co. purchased a new position in ASML in the third quarter worth about $26,000. Binnacle Investments Inc increased its stake in ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 15 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in ASML during the second quarter valued at approximately $30,000. Institutional investors own 26.07% of the company’s stock.

About ASML

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.