ASML (NASDAQ:ASML) Shares Up 3.3% – Here’s Why

ASML Holding N.V. (NASDAQ:ASML) shares shot up 3.3% during mid-day trading on Thursday . The company traded as high as $1,942.87 and last traded at $1,929.68. Approximately 2,381,285 shares traded hands during trading, an increase of 28% from the average session volume of 1,857,946 shares. The stock had previously closed at $1,867.83.

Key Stories Impacting ASML

Here are the key news stories impacting ASML this week:

• Positive Sentiment: ASML’s CEO said the company needs to avoid supply constraints as it services new projects such as Elon Musk’s “Terafab,” highlighting potential new demand for ASML’s EUV tools. ASML CEO says need to make sure no supply constraints for new projects like Musk’s Terafab
• Positive Sentiment: Investors are focusing on bullish analyst calls and higher price targets, including Barclays raising its target and reaffirming an Overweight rating, which suggests confidence in ASML’s demand outlook and earnings growth. ASML Holding N.V. (ASML) is Attracting Investor Attention: Here is What You Should Know
• Positive Sentiment: Reports that ASML may have more EUV production capacity than previously expected have added to optimism that revenue and margin growth could improve if tool output scales faster. ASML CEO Flags Terafab Opportunity as AI Demand Stays Enormous
• Neutral Sentiment: ASML is also drawing broader investor attention as one of the most watched stocks on Zacks, but that coverage is mainly a reminder that the stock remains a high-interest name rather than a direct new catalyst. ASML Holding N.V. (ASML) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Recent coverage from outlets like Yahoo Finance and Insider Monkey largely repeats the same bullish thesis: strong AI-related chip demand and favorable analyst sentiment, with little evidence of a fresh negative development. Here’s Why ASML Holding N.V. (ASML) Is Among the Stocks with Best Earnings Growth for the Next 3 Years

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a report on Monday, June 1st. Freedom Capital upgraded ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a report on Thursday, June 11th. UBS Group reissued a “buy” rating on shares of ASML in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,589.62.

ASML Price Performance

The firm’s 50 day simple moving average is $1,572.34 and its two-hundred day simple moving average is $1,389.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The firm has a market capitalization of $758.90 billion, a P/E ratio of 69.21, a P/E/G ratio of 1.45 and a beta of 1.82.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The firm had revenue of $10.15 billion for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. As a group, analysts predict that ASML Holding N.V. will post 36.76 earnings per share for the current year.

Hedge Funds Weigh In On ASML

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Financial Management LLC purchased a new position in shares of ASML in the fourth quarter worth $26,000. Portus Wealth Advisors LLC purchased a new stake in ASML during the 1st quarter valued at $32,000. Resources Management Corp CT ADV grew its holdings in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 11 shares during the period. Finally, Jessup Wealth Management Inc purchased a new position in shares of ASML in the fourth quarter valued at about $30,000. 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.