ASML (NASDAQ:ASML) Stock Price Up 0.8% Following Analyst Upgrade

Shares of ASML Holding (NASDAQ:ASML) were 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. Approximately 300,997 shares changed hands during trading, a decline of 78% from the average daily volume of 1,337,890 shares. The stock had previously closed at $727.41.

Other equities analysts also recently issued reports about the stock. Morgan Stanley downgraded shares of 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 report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective for the company. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. cut their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Finally, Susquehanna lowered their price objective on shares of 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. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $955.50.

Institutional Investors Weigh In On ASML

A number of hedge funds and other institutional investors have recently modified their holdings of ASML. Central Pacific Bank Trust Division acquired a new stake in ASML during the fourth quarter worth about $1,174,000. Taurus Asset Management LLC acquired a new stake in shares of ASML during the 3rd quarter worth approximately $16,994,000. State Street Corp increased its stake in ASML by 5.2% in the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock valued at $117,323,000 after acquiring an additional 7,010 shares during the last quarter. Stockman Wealth Management Inc. lifted its stake in ASML by 7.2% during the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after purchasing an additional 1,032 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of ASML by 7.5% in the 3rd quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock valued at $39,664,000 after purchasing an additional 3,321 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock 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 company has a market cap of $289.67 billion, a P/E ratio of 38.55, a price-to-earnings-growth ratio of 2.07 and a beta of 1.47. The company has a 50 day moving average price of $702.22 and a 200-day moving average price of $801.85.

ASML (NASDAQ:ASML) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The firm had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. On average, equities analysts expect that ASML Holding will post 20.68 earnings per share for the current fiscal 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.