ASML (NASDAQ:ASML) Price Target Raised to $1,207.00

ASML (NASDAQ:ASML) had its price objective raised by research analysts at JPMorgan Chase & Co. from $1,202.00 to $1,207.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 42.72% from the company’s current price.

Several other equities research analysts have also commented on the stock. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Wells Fargo & Company reduced their target price on ASML from $1,185.00 to $1,000.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Finally, UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,111.80.

ASML Price Performance

Shares of ASML stock traded up $21.43 during mid-day trading on Wednesday, hitting $845.69. 842,375 shares of the stock were exchanged, compared to its average volume of 1,249,678. ASML has a 52-week low of $573.86 and a 52-week high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The company has a market cap of $333.70 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 1.97 and a beta of 1.48. The firm has a fifty day moving average of $847.15 and a 200 day moving average of $926.76.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. ASML’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.37 earnings per share. Research analysts anticipate that ASML will post 20.38 earnings per share for the current year.

Hedge Funds Weigh In On ASML

A number of institutional investors have recently bought and sold shares of the company. KP Management LLC lifted its holdings in ASML by 66.7% in the second quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock valued at $5,114,000 after acquiring an additional 2,000 shares during the last quarter. Harvard Management Co. Inc. grew its holdings in shares of ASML by 239.8% during the 2nd quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock worth $95,645,000 after purchasing an additional 66,000 shares during the period. Salem Investment Counselors Inc. increased its position in shares of ASML by 41.1% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock worth $3,355,000 after purchasing an additional 1,007 shares during the last quarter. Point72 DIFC Ltd raised its holdings in ASML by 122.1% in the 2nd quarter. Point72 DIFC Ltd now owns 6,415 shares of the semiconductor company’s stock valued at $6,560,000 after buying an additional 3,527 shares during the period. Finally, Cetera Investment Advisers raised its holdings in ASML by 169.4% in the 1st quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock valued at $22,661,000 after buying an additional 14,682 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.