ASML (NASDAQ:ASML) Shares Up 0.8% After Analyst Upgrade

Shares of ASML Holding (NASDAQ:ASML) shot up 0.8% during mid-day trading on Tuesday after Wells Fargo & Company raised their price target on the stock from $790.00 to $860.00. Wells Fargo & Company currently has an overweight rating on the stock. ASML traded as high as $739.52 and last traded at $733.50. 300,997 shares traded hands during trading, a decline of 78% from the average session volume of 1,337,890 shares. The stock had previously closed at $727.41.

Other research analysts have also recently issued research reports about the company. Susquehanna cut their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. JPMorgan Chase & Co. cut their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. BNP Paribas initiated coverage on ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price on the stock. Finally, Sanford C. Bernstein cut their target price on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $955.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fisher Asset Management LLC grew its stake in ASML by 1.0% in the third quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock worth $2,654,921,000 after purchasing an additional 31,879 shares in the last quarter. Edgewood Management LLC boosted its position in ASML by 3.3% during the 3rd quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock valued at $1,855,624,000 after acquiring an additional 70,776 shares in the last quarter. Van ECK Associates Corp boosted its position in ASML by 37.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock valued at $1,464,061,000 after acquiring an additional 474,653 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in ASML by 4,379.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after acquiring an additional 870,010 shares in the last quarter. Finally, Windacre Partnership LLC boosted its position in ASML by 4.0% during the 3rd quarter. Windacre Partnership LLC now owns 664,100 shares of the semiconductor company’s stock valued at $553,361,000 after acquiring an additional 25,600 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Price Performance

The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a market cap of $285.74 billion, a P/E ratio of 38.03, a PEG ratio of 2.07 and a beta of 1.47. The firm has a 50-day simple moving average of $702.22 and a 200-day simple moving average of $801.85.

ASML (NASDAQ:ASML) last announced its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.24 by $0.56. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, analysts forecast that ASML Holding will post 20.68 EPS for the current year.

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.