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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

ASML ( ASML) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 1.0%. By the end of trading, ASML rose $1.07 (1.3%) to $85.16 on light volume. Throughout the day, 817,572 shares of ASML exchanged hands as compared to its average daily volume of 1,230,400 shares. The stock ranged in a price between $84.19-$85.49 after having opened the day at $84.77 as compared to the previous trading day's close of $84.09. Other companies within the Technology sector that increased today were: Sevcon ( SEV), up 30.3%, Kimball International ( KBALB), up 13.6%, Tableau Software Inc Class A ( DATA), up 12.8% and Park City Group ( PCYG), up 12.3%.

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 $37.5 billion and is part of the electronics industry. Shares are down 10.3% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate ASML a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates ASML as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Actuate Corporation ( BIRT), down 18.7%, Extreme Networks ( EXTR), down 15.9%, 3D Systems Corporation ( DDD), down 15.4% and China Information Technology ( CNIT), down 13.0% , were all laggards within the technology sector with Nokia Oyj ( NOK) 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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