ASML (NASDAQ:ASML) Earns Buy Rating from JPMorgan Chase & Co.

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reissued by analysts at JPMorgan Chase & Co. in a research report issued on Wednesday,MarketScreener reports.

A number of other brokerages also recently issued reports on ASML. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Sanford C. Bernstein reissued a “buy” rating on shares of ASML in a research report on Monday, May 25th. Morningstar lowered shares of ASML to a “sell” rating in a research note on Wednesday, May 27th. Susquehanna restated a “positive” rating on shares of ASML in a report on Thursday, April 9th. Finally, Zacks Research lowered shares of ASML from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average price target of $1,504.38.

ASML Price Performance

ASML traded up $10.38 during trading hours on Wednesday, hitting $1,715.75. The company’s stock had a trading volume of 655,911 shares, compared to its average volume of 1,783,345. The stock has a market cap of $674.77 billion, a price-to-earnings ratio of 61.54, a P/E/G ratio of 1.34 and a beta of 1.82. The business’s 50-day moving average price is $1,463.66 and its 200-day moving average price is $1,324.15. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. ASML has a 12 month low of $683.48 and a 12 month high of $1,729.67.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The business had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. Sell-side analysts expect that ASML will post 37.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ASML

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASML. Fisher Asset Management LLC grew its position in shares of ASML by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after buying an additional 132,353 shares during the last quarter. Capital International Investors grew its holdings in ASML by 17.3% in the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after purchasing an additional 577,448 shares during the last quarter. Van ECK Associates Corp increased its position in shares of ASML by 16.6% during the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock worth $2,079,948,000 after purchasing an additional 305,435 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of ASML by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock valued at $1,805,733,000 after purchasing an additional 142,763 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of ASML by 6.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock worth $2,168,227,000 after purchasing an additional 96,860 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

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.