ASML (NASDAQ:ASML) Rating Increased to Buy at Barclays

ASML (NASDAQ:ASML) was upgraded by equities research analysts at Barclays to a “buy” rating in a report released on Tuesday,MarketScreener reports.

Several other equities analysts have also recently issued reports on ASML. Zacks Research cut ASML from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada boosted their target price on shares of ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Grupo Santander downgraded shares of ASML to an “underperform” rating in a research report on Thursday, January 22nd. Santander lowered shares of ASML from a “neutral” rating to an “underperform” rating in a report on Thursday, January 22nd. Finally, Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research note on Wednesday, April 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,504.38.

ASML Stock Down 1.8%

Shares of ASML stock traded down $25.79 during trading hours on Tuesday, hitting $1,446.60. 295,703 shares of the company were exchanged, compared to its average volume of 1,821,301. The stock has a market capitalization of $568.92 billion, a price-to-earnings ratio of 51.92, a P/E/G ratio of 1.23 and a beta of 1.81. ASML has a one year low of $683.48 and a one year high of $1,603.49. The business’s 50-day simple moving average is $1,416.86 and its two-hundred day simple moving average is $1,285.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The firm had revenue of $10.15 billion for the quarter. Sell-side analysts predict that ASML will post 37.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its position in ASML by 1.2% in the 1st quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company’s stock worth $2,060,833,000 after purchasing an additional 19,051 shares during the last quarter. Anson Funds Management LP acquired a new position in shares of ASML during the first quarter worth approximately $1,321,000. Cim LLC grew its holdings in ASML by 504.3% in the 1st quarter. Cim LLC now owns 15,434 shares of the semiconductor company’s stock worth $20,385,000 after buying an additional 12,880 shares in the last quarter. Strategic Investment Advisors MI acquired a new stake in ASML in the 1st quarter valued at approximately $334,000. Finally, Ashton Thomas Securities LLC acquired a new stake in ASML in the 1st quarter valued at approximately $602,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Company Profile

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.