ASML (NASDAQ:ASML) Reaches New 1-Year High at $699.87

ASML Holding (NASDAQ:ASML – Get Rating) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $699.87 and last traded at $697.67, with a volume of 268785 shares changing hands. The stock had previously closed at $695.93.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ASML shares. Argus raised their price target on shares of ASML from $590.00 to $775.00 and gave the stock a “buy” rating in a research report on Thursday, January 26th. StockNews.com initiated coverage on shares of ASML in a report on Thursday. They issued a “buy” rating for the company. JPMorgan Chase & Co. lifted their price objective on shares of ASML from $710.00 to $752.00 and gave the stock an “overweight” rating in a report on Thursday, January 26th. Finally, Stifel Nicolaus downgraded shares of ASML from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $688.92.

ASML Stock Performance

The stock has a 50 day moving average price of $647.16 and a two-hundred day moving average price of $621.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.28 and a quick ratio of 0.88. The company has a market capitalization of $273.85 billion, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 1.16 and a beta of 1.47.

Hedge Funds Weigh In On ASML

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASML. Benjamin Edwards Inc. lifted its holdings in shares of ASML by 7.6% during the 4th quarter. Benjamin Edwards Inc. now owns 212 shares of the semiconductor company’s stock valued at $116,000 after purchasing an additional 15 shares in the last quarter. Apollon Wealth Management LLC raised its position in ASML by 0.4% in the 4th quarter. Apollon Wealth Management LLC now owns 3,634 shares of the semiconductor company’s stock valued at $1,986,000 after buying an additional 15 shares during the last quarter. TFB Advisors LLC raised its position in ASML by 2.6% in the 1st quarter. TFB Advisors LLC now owns 627 shares of the semiconductor company’s stock valued at $427,000 after buying an additional 16 shares during the last quarter. Mitchell & Pahl Private Wealth LLC raised its position in ASML by 1.5% in the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 1,085 shares of the semiconductor company’s stock valued at $739,000 after buying an additional 16 shares during the last quarter. Finally, Capstone Wealth Management Group LLC increased its position in shares of ASML by 2.4% during the 1st quarter. Capstone Wealth Management Group LLC now owns 714 shares of the semiconductor company’s stock worth $486,000 after purchasing an additional 17 shares during the last quarter. Institutional investors own 18.61% of the company’s stock.

About ASML

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ASML Holding NV engages in the development, production, marketing, sales, upgrading and servicing of advanced semiconductor equipment systems. It includes lithography, metrology and inspection systems. It operates through the following geographical segments: Japan, South Korea, Singapore, Taiwan, Chine, Rest of Asia, Netherlands, Europe, the Middle East and Africa (EMEA), and United States.