NEW YORK ( TheStreet) -- ASML (Nasdaq: ASML) is trading at unusually high volume Tuesday with 8.3 million shares changing hands. It is currently at four times its average daily volume and trading up $4.13 (+8.5%) at $52.59 as of 3:20 p.m. ET.
ASML has a market cap of $20.75 billion and is part of the technology sector and electronics industry. Shares are up 16% year to date as of the close of trading on Monday. ASML Holding N.V., through its subsidiaries, engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits. The company has a P/E ratio of 66.8, above the average electronics industry P/E ratio of 11.6 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates ASML as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full ASML Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.