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

ASML Holding (NASDAQ:ASML)’s stock price shot up 0.8% 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 changed 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.

Several other equities analysts have also recently issued reports on the stock. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. 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. 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 report on Friday, October 11th. JPMorgan Chase & Co. decreased their price target on 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, Sanford C. Bernstein cut their price objective 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 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $955.50.

Institutional Investors Weigh In On ASML

Large investors have recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. boosted its position in shares of ASML by 24.5% in the third quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 12 shares during the period. Matrix Private Capital Group LLC increased its holdings in shares of ASML by 5.5% in the second quarter. Matrix Private Capital Group LLC now owns 248 shares of the semiconductor company’s stock worth $254,000 after purchasing an additional 13 shares during the period. Bruce G. Allen Investments LLC raised its position in shares of ASML by 21.2% in the third quarter. Bruce G. Allen Investments LLC now owns 80 shares of the semiconductor company’s stock worth $67,000 after buying an additional 14 shares in the last quarter. Fortitude Family Office LLC boosted its stake in ASML by 46.9% during 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 during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of ASML by 1.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 922 shares of the semiconductor company’s stock valued at $768,000 after acquiring an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Up 1.2 %

The company has a fifty day moving average price of $702.22 and a 200 day moving average price of $801.85. The company has a market cap of $289.67 billion, a PE ratio of 38.55, a price-to-earnings-growth ratio of 2.07 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84.

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

About ASML

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.