ASML (NASDAQ:ASML) Shares Up 4.4% – What’s Next?

Shares of ASML Holding N.V. (NASDAQ:ASML) shot up 4.4% on Thursday . The stock traded as high as $1,855.91 and last traded at $1,841.18. 2,190,681 shares were traded during trading, an increase of 17% from the average session volume of 1,867,733 shares. The stock had previously closed at $1,762.77.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ASML shares. Sanford C. Bernstein reissued a “buy” rating on shares of ASML in a research report on Monday, June 15th. Weiss Ratings cut shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Bank of America increased their price objective on shares of ASML from $2,268.00 to $2,345.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Morningstar cut ASML to a “sell” rating in a report on Wednesday, May 27th. Finally, UBS Group reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,772.62.

ASML Trading Down 2.5%

The stock has a market cap of $705.80 billion, a price-to-earnings ratio of 64.37, a PEG ratio of 1.40 and a beta of 1.82. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $1,628.47 and its 200 day simple moving average is $1,424.18.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The company had revenue of $10.15 billion for the quarter. On average, research analysts expect that ASML Holding N.V. will post 36.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sapient Capital LLC increased its holdings in shares of ASML by 66.1% during the 1st quarter. Sapient Capital LLC now owns 543 shares of the semiconductor company’s stock worth $717,000 after acquiring an additional 216 shares during the last quarter. Western Wealth Management LLC boosted its position in ASML by 53.7% during the first quarter. Western Wealth Management LLC now owns 916 shares of the semiconductor company’s stock worth $1,209,000 after purchasing an additional 320 shares during the period. Militia Capital Management LLC bought a new position in ASML during the first quarter worth $756,000. Pine Valley Investments Ltd Liability Co acquired a new position in shares of ASML in the first quarter valued at $219,000. Finally, Parallel Advisors LLC increased its holdings in shares of ASML by 19.7% in the first quarter. Parallel Advisors LLC now owns 3,480 shares of the semiconductor company’s stock valued at $4,597,000 after purchasing an additional 573 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Company Profile

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.