ASML (NASDAQ:ASML) Sees Strong Trading Volume – Here’s What Happened

ASML Holding (NASDAQ:ASML) saw an uptick in trading volume on Monday . 1,735,663 shares were traded during trading, an increase of 9% from the previous session’s volume of 1,588,746 shares.The stock last traded at $682.73 and had previously closed at $732.25.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. decreased their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Susquehanna reduced their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Finally, BNP Paribas initiated coverage on ASML in a report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and a consensus target price of $946.60.

ASML Stock Down 6.4 %

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 firm’s 50-day moving average price is $714.70 and its 200 day moving average price is $783.98. The firm has a market cap of $269.70 billion, a P/E ratio of 35.91, a price-to-earnings-growth ratio of 2.39 and a beta of 1.47.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ASML. Armstrong Advisory Group Inc. raised its position in shares of ASML by 24.5% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock worth $51,000 after buying an additional 12 shares in the last quarter. Bruce G. Allen Investments LLC increased its stake in ASML by 21.2% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 80 shares of the semiconductor company’s stock valued at $67,000 after buying an additional 14 shares during the period. Steigerwald Gordon & Koch Inc. lifted its position in ASML by 4.8% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company’s stock worth $211,000 after buying an additional 14 shares in the last quarter. Cyndeo Wealth Partners LLC boosted its stake in shares of ASML by 0.4% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company’s stock valued at $2,223,000 after buying an additional 14 shares during the period. Finally, Trust Point Inc. grew its holdings in shares of ASML by 2.4% during the 4th quarter. Trust Point Inc. now owns 606 shares of the semiconductor company’s stock valued at $420,000 after acquiring an additional 14 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

About ASML

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.