ASML (NASDAQ:ASML) Stock Price Up 1.4% – What’s Next?

ASML Holding (NASDAQ:ASML) shares shot up 1.4% during trading on Friday . The stock traded as high as $769.20 and last traded at $760.44. 698,024 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 1,488,819 shares. The stock had previously closed at $750.28.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. BNP Paribas assumed coverage on shares of ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price on the stock. Susquehanna decreased their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Wells Fargo & Company boosted their price objective on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus price target of $955.50.

ASML Stock Up 0.7 %

The firm’s fifty day simple moving average is $703.52 and its two-hundred day simple moving average is $801.32. The company has a market capitalization of $297.15 billion, a price-to-earnings ratio of 39.54, a price-to-earnings-growth ratio of 2.30 and a beta of 1.47. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last posted its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.24 by $0.56. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. Sell-side analysts anticipate that ASML Holding will post 20.57 EPS for the current year.

Institutional Trading of ASML

Several institutional investors and hedge funds have recently bought and sold shares of ASML. Fairway Wealth LLC acquired a new position in shares of ASML in the 3rd quarter worth approximately $25,000. Resources Management Corp CT ADV purchased a new stake in ASML in the second quarter valued at approximately $26,000. Milestone Investment Advisors LLC acquired a new position in ASML during the third quarter worth $28,000. Fortitude Family Office LLC boosted its position in shares of ASML by 46.9% during the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after buying an additional 15 shares during the period. Finally, Albion Financial Group UT grew its stake in shares of ASML by 133.3% in the fourth quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 32 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Company Profile

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.