ASML (NASDAQ:ASML) Shares Up 1.9% – Here’s Why

ASML Holding (NASDAQ:ASML)’s stock price traded up 1.9% on Wednesday . The stock traded as high as $784.82 and last traded at $777.30. 513,874 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 1,498,583 shares. The stock had previously closed at $763.00.

Analysts Set New Price Targets

A number of research analysts have issued reports on ASML shares. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. BNP Paribas initiated coverage on shares of ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price for the company. Sanford C. Bernstein reduced their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Finally, Wells Fargo & Company increased their price target on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average price target of $955.50.

ASML Price Performance

The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The stock has a market cap of $303.16 billion, a PE ratio of 40.31, a price-to-earnings-growth ratio of 2.35 and a beta of 1.47. The company’s fifty day moving average is $710.29 and its 200 day moving average is $790.96.

Institutional Investors Weigh In On ASML

Hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new stake in shares of ASML in the second quarter valued at $554,000. AE Wealth Management LLC lifted its position in ASML by 17.0% in the 2nd quarter. AE Wealth Management LLC now owns 1,632 shares of the semiconductor company’s stock worth $1,668,000 after buying an additional 237 shares in the last quarter. Thrivent Financial for Lutherans increased its position in ASML by 176.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,306 shares of the semiconductor company’s stock worth $2,358,000 after purchasing an additional 1,472 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in ASML by 6.1% in the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the semiconductor company’s stock worth $553,000 after acquiring an additional 34 shares in the last quarter. Finally, Commonwealth Financial Services LLC bought a new position in ASML during the second quarter valued at about $222,000. Institutional investors own 26.07% of the company’s stock.

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.