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 was unchanged today. By the end of trading, ASML rose $1.24 (1.6%) to $81.30 on average volume. Throughout the day, 1,982,874 shares of ASML exchanged hands as compared to its average daily volume of 1,672,000 shares. The stock ranged in a price between $80.04-$81.69 after having opened the day at $80.05 as compared to the previous trading day's close of $80.06. Other companies within the Technology sector that increased today were: Otelco ( OTT), up 25.1%, Plug Power ( PLUG), up 19.6%, Dataram Corporation ( DRAM), up 18.8% and Deltathree ( DDDC), up 16.7%.
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ASML Holding NV engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits or chips worldwide. ASML has a market cap of $32.6 billion and is part of the electronics industry. Shares are up 24.4% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate ASML a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates ASML as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the negative front, Renewable Energy Trade Board ( EBOD), down 60.8%, Wireless Ronin Technologies ( RNIN), down 29.4%, Elephant Talk Communications ( ETAK), down 16.7% and Digital Power Corporation ( DPW), down 12.7% , were all laggards within the technology sector with Infosys ( INFY) 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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