ASML Holding NV (ASML): Today's Featured Technology Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

ASML ( ASML) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.1%. By the end of trading, ASML rose 77 cents (1.3%) to $62.19 on average volume. Throughout the day, 2.1 million shares of ASML exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in a price between $61.38-$62.27 after having opened the day at $61.40 as compared to the previous trading day's close of $61.42. Other companies within the Technology sector that increased today were: Renewable Energy Trade Board ( EBOD), up 101.8%, Mitek Systems ( MITK), up 34.2%, TranSwitch Corporation ( TXCC), up 15.1%, and Nokia Oyj ( NOK), up 12.8%.
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ASML Holding N.V., through its subsidiaries, engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits. ASML has a market cap of $30.32 billion and is part of the electronics industry. The company has a P/E ratio of 65.1, above the S&P 500 P/E ratio of 17.7. Shares are up 13.2% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate ASML a buy, no analysts rate it a sell, and three rate it a hold.

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, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, WPCS International ( WPCS), down 21.3%, Bridgeline Digital ( BLIN), down 20%, TIBCO Software ( TIBX), down 19.1%, and Maxcom Telecomunicaciones S.A.B. de C.V ( MXT), down 17.2%, were all laggards within the technology sector with CenturyLink ( CTL) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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