ASML (NASDAQ:ASML) Stock Price Up 0.8% - Here's Why

Shares of ASML Holding (NASDAQ:ASML - Get Free Report) traded up 0.8% during trading on Monday . The company traded as high as $769.20 and last traded at $756.33. 1,932,491 shares were traded during mid-day trading, an increase of 57% from the average session volume of 1,230,726 shares. The stock had previously closed at $750.28.

Analyst Upgrades and Downgrades

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

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 50 day moving average price of $706.71 and a 200-day moving average price of $795.37. The company has a market cap of $297.56 billion, a P/E ratio of 39.60, a price-to-earnings-growth ratio of 2.30 and a beta of 1.47.

Institutional Investors Weigh In On ASML

A number of hedge funds have recently made changes to their positions in ASML. International Assets Investment Management LLC grew its holdings in ASML by 94,079.7% during the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company's stock worth $4,096,410,000 after acquiring an additional 491,096 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of ASML by 37.0% in 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. Tairen Capital Ltd boosted its position in shares of ASML by 321.2% during the 2nd quarter. Tairen Capital Ltd now owns 202,946 shares of the semiconductor company's stock worth $207,559,000 after purchasing an additional 154,760 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in ASML during the 3rd quarter valued at $125,952,000. Finally, SG Americas Securities LLC raised its holdings in shares of ASML by 281.3% in the 4th quarter. SG Americas Securities LLC now owns 156,693 shares of the semiconductor company's stock worth $108,601,000 after acquiring an additional 115,603 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.