ASML (NASDAQ:ASML) Trading 1.2% Higher – What’s Next?

ASML Holding N.V. (NASDAQ:ASML)’s share price rose 1.2% during trading on Wednesday . The company traded as high as $1,780.66 and last traded at $1,768.65. Approximately 1,383,965 shares were traded during mid-day trading, a decline of 27% from the average session volume of 1,890,075 shares. The stock had previously closed at $1,747.28.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ASML shares. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research report on Thursday, June 11th. Morgan Stanley restated an “overweight” rating on shares of ASML in a research report on Tuesday. Zacks Research downgraded shares of ASML from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Morningstar downgraded shares of ASML to a “sell” rating in a report on Wednesday, May 27th. Finally, DZ Bank reissued a “neutral” rating on shares of ASML in a research note on Wednesday, April 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,854.12.

ASML Stock Performance

The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $1,697.62 and its 200 day simple moving average is $1,473.46. The company has a market cap of $706.85 billion, a price-to-earnings ratio of 64.47, a P/E/G ratio of 1.34 and a beta of 1.78.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The business had revenue of $10.15 billion during the quarter. As a group, analysts anticipate that ASML Holding N.V. will post 36.62 earnings per share for the current year.

Institutional Trading of ASML

A number of hedge funds and other institutional investors have recently modified their holdings of ASML. Nolet Wealth Management LLC raised its holdings in shares of ASML by 7.4% during the 2nd quarter. Nolet Wealth Management LLC now owns 247 shares of the semiconductor company’s stock worth $491,000 after acquiring an additional 17 shares during the period. Fulcrum Equity Management grew its holdings in shares of ASML by 4.7% in the second quarter. Fulcrum Equity Management now owns 708 shares of the semiconductor company’s stock valued at $1,409,000 after purchasing an additional 32 shares during the period. Constitution Capital LLC acquired a new stake in ASML during the second quarter worth about $249,000. Fulton Bank N.A. increased its position in ASML by 2.4% during the second quarter. Fulton Bank N.A. now owns 346 shares of the semiconductor company’s stock worth $688,000 after purchasing an additional 8 shares during the last quarter. Finally, AdviceOne Advisory Services LLC raised its stake in ASML by 2.8% during the second quarter. AdviceOne Advisory Services LLC now owns 297 shares of the semiconductor company’s stock worth $591,000 after purchasing an additional 8 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

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.