ASML (NASDAQ:ASML) Shares Up 1.4% – Here’s Why

ASML Holding (NASDAQ:ASML)’s share price traded up 1.4% during mid-day trading on Friday . The stock traded as high as $769.20 and last traded at $760.44. 698,024 shares changed hands during trading, a decline of 53% from the average session volume of 1,488,819 shares. The stock had previously closed at $750.28.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Susquehanna reduced their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. cut their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. BNP Paribas began coverage on ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price on the stock. Finally, Sanford C. Bernstein dropped their price target on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $955.50.

ASML Trading Up 0.8 %

The stock has a market capitalization of $297.56 billion, a P/E ratio of 39.60, a P/E/G ratio of 2.30 and a beta of 1.47. 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 business has a 50-day moving average price of $706.71 and a two-hundred day moving average price of $799.04.

Institutional Investors Weigh In On ASML

A number of large investors have recently bought and sold shares of ASML. Fairway Wealth LLC acquired a new position in ASML during the third quarter valued at approximately $25,000. Resources Management Corp CT ADV acquired a new position in shares of ASML during the 2nd quarter worth $26,000. Milestone Investment Advisors LLC bought a new stake in shares of ASML during the 3rd quarter worth $28,000. Fortitude Family Office LLC boosted its stake in ASML by 46.9% in the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 15 shares in the last quarter. Finally, Albion Financial Group UT grew its position in ASML by 133.3% in the fourth quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 32 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.