ASML (NASDAQ:ASML) Trading Up 3.2% – Here’s Why

ASML Holding N.V. (NASDAQ:ASMLGet Free Report) shares were up 3.2% during mid-day trading on Thursday . The stock traded as high as $1,446.65 and last traded at $1,438.99. Approximately 1,402,468 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 1,852,595 shares. The stock had previously closed at $1,394.08.

More ASML News

Here are the key news stories impacting ASML this week:

Analyst Ratings Changes

Several equities research analysts recently issued reports on ASML shares. Weiss Ratings raised shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Freedom Capital raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Berenberg Bank reissued a “buy” rating on shares of ASML in a research report on Thursday, April 16th. TD Cowen reissued a “buy” rating on shares of ASML in a research report on Wednesday, January 28th. Finally, Barclays reissued a “buy” rating on shares of ASML in a research report on Wednesday, April 15th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average price target of $1,504.38.

Get Our Latest Research Report on ASML

ASML Trading Down 0.8%

The stock has a market capitalization of $561.22 billion, a price-to-earnings ratio of 51.18, a PEG ratio of 1.44 and a beta of 1.81. 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 business’s 50-day simple moving average is $1,399.33 and its two-hundred day simple moving average is $1,246.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Manning & Napier Advisors LLC purchased a new stake in shares of ASML during the third quarter valued at approximately $25,000. City Holding Co. purchased a new stake in shares of ASML during the third quarter valued at approximately $26,000. Cornerstone Financial Management LLC purchased a new stake in shares of ASML during the fourth quarter valued at approximately $26,000. Binnacle Investments Inc raised its stake in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares during the period. Finally, Resources Management Corp CT ADV raised its stake in shares of ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for ASML Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASML and related companies with MarketBeat.com's FREE daily email newsletter.