ASML (NASDAQ:ASML) Trading 0.8% Higher - Here's What Happened

ASML Holding (NASDAQ:ASML - Get Free Report) shares shot up 0.8% on Monday . The stock 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.

Wall Street Analyst Weigh In

ASML has been the topic of several analyst reports. Sanford C. Bernstein reduced 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. Susquehanna cut 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 report on Friday, October 11th. Berenberg Bank upgraded shares of ASML to a "strong-buy" rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. decreased 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 note on Thursday, October 17th. Finally, Wells Fargo & Company upped their target price on ASML from $790.00 to $860.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. 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 company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $955.50.

ASML Price Performance

The firm has a market capitalization of $304.24 billion, a P/E ratio of 40.46, a P/E/G ratio of 2.35 and a beta of 1.47. The stock's fifty day simple moving average is $710.29 and its 200 day simple moving average is $790.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84.

Institutional Trading of ASML

A number of institutional investors have recently made changes to their positions in the business. Carnegie Investment Counsel boosted its holdings in ASML by 68.9% in the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company's stock worth $1,475,000 after acquiring an additional 868 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in ASML in the 4th quarter worth approximately $1,174,000. Taurus Asset Management LLC purchased a new stake in ASML during the 3rd quarter worth approximately $16,994,000. State Street Corp increased its stake in ASML by 5.2% during the 3rd quarter. State Street Corp now owns 140,802 shares of the semiconductor company's stock valued at $117,323,000 after purchasing an additional 7,010 shares in the last quarter. Finally, Stockman Wealth Management Inc. lifted its stake in shares of 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 buying an additional 1,032 shares during the period. Institutional investors and hedge funds own 26.07% of the company's stock.

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.