ASML’s (ASML) “Buy” Rating Reaffirmed at UBS Group

UBS Group restated their buy rating on shares of ASML (NASDAQ:ASMLFree Report) in a report published on Monday,MarketScreener reports.

Several other research analysts also recently commented on the company. Hsbc Global Res upgraded ASML to a “strong-buy” rating in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, December 10th. Rothschild & Co Redburn upgraded ASML from a “neutral” rating to a “buy” rating in a report on Friday, November 7th. Wells Fargo & Company raised their price target on ASML from $1,140.00 to $1,450.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Erste Group Bank raised ASML from a “hold” rating to a “buy” rating in a report on Monday, September 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,392.75.

Check Out Our Latest Stock Analysis on ASML

ASML Trading Up 5.4%

Shares of ASML stock traded up $67.88 during trading hours on Monday, hitting $1,331.60. 2,850,215 shares of the company were exchanged, compared to its average volume of 2,024,869. The company has a 50 day simple moving average of $1,088.57 and a two-hundred day simple moving average of $935.13. ASML has a fifty-two week low of $578.51 and a fifty-two week high of $1,358.00. The firm has a market cap of $523.70 billion, a P/E ratio of 54.20, a P/E/G ratio of 1.88 and a beta of 1.86. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31.

ASML (NASDAQ:ASMLGet Free Report) last posted its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. The company had revenue of $8.80 billion for the quarter, compared to analyst estimates of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.28 EPS. Equities analysts anticipate that ASML will post 25.17 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ASML. Manning & Napier Advisors LLC acquired a new stake in ASML in the 3rd quarter worth approximately $25,000. City Holding Co. purchased a new position in ASML during the third quarter valued at approximately $26,000. Princeton Global Asset Management LLC boosted its holdings in ASML by 153.8% during the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after buying an additional 20 shares in the last quarter. Binnacle Investments Inc boosted its position in ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in ASML in the 3rd quarter worth $34,000. Institutional investors own 26.07% of the company’s stock.

Key Headlines Impacting ASML

Here are the key news stories impacting ASML this week:

ASML Company Profile

(Get Free Report)

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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Analyst Recommendations for ASML (NASDAQ:ASML)

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