ASML (NASDAQ:ASML) Stock Price Up 1.9% - Here's What Happened

ASML Holding (NASDAQ:ASML - Get Free Report)'s share price traded up 1.9% on Wednesday . The stock traded as high as $784.82 and last traded at $777.30. 513,874 shares changed hands during trading, a decline of 66% from the average session volume of 1,498,583 shares. The stock had previously closed at $763.00.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Berenberg Bank upgraded shares of ASML to a "strong-buy" rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their price objective 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. BNP Paribas began coverage on 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 cut their price objective on shares of ASML from $815.00 to $767.00 and set an "outperform" rating on the stock in a research report on Friday, November 29th. Finally, Susquehanna cut their price target on shares of ASML from $1,300.00 to $1,100.00 and set a "positive" rating on the stock in a research report on Friday, October 11th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $955.50.

ASML Stock Up 1.0 %

The company has a market capitalization of $303.16 billion, a PE ratio of 40.31, a P/E/G ratio of 2.35 and a beta of 1.47. The stock's fifty day moving average is $710.29 and its two-hundred day moving average is $790.96. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Hedge Funds Weigh In On ASML

A number of institutional investors have recently made changes to their positions in the stock. Fairway Wealth LLC bought a new stake in ASML during the third quarter worth about $25,000. Resources Management Corp CT ADV purchased a new stake in shares of ASML in the second quarter valued at $26,000. Milestone Investment Advisors LLC purchased a new position in shares of ASML during the third quarter valued at approximately $28,000. Fortitude Family Office LLC boosted its stake in shares of 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 purchasing an additional 15 shares during the period. Finally, Albion Financial Group UT raised its stake in shares of ASML by 133.3% during 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 in the last quarter. Institutional investors own 26.07% of the company's stock.

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.

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