ASML (NASDAQ:ASML) Trading 1.8% Higher After Analyst Upgrade

ASML Holding N.V. (NASDAQ:ASML)’s share price rose 1.8% during trading on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $1,813.00 to $2,200.00. JPMorgan Chase & Co. currently has a buy rating on the stock. ASML traded as high as $1,779.29 and last traded at $1,757.47. Approximately 2,241,947 shares traded hands during trading, an increase of 25% from the average daily volume of 1,799,870 shares. The stock had previously closed at $1,726.36.

Several other analysts have also issued reports on ASML. DZ Bank restated a “neutral” rating on shares of ASML in a research note on Wednesday, April 15th. Royal Bank Of Canada boosted their target price on ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research note on Wednesday, May 13th. Barclays upgraded shares of ASML to a “buy” rating in a research report on Tuesday, May 19th. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of ASML in a research report on Monday, May 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,589.63.

Key Headlines Impacting ASML

Here are the key news stories impacting ASML this week:

• Positive Sentiment: JPMorgan lifted its price target on ASML to $2,200 from $1,813 and kept a buy rating, signaling meaningful upside potential for the stock. JPMorgan raises ASML price target
• Positive Sentiment: JPMorgan also said ASML’s future earnings estimates may need to rise as the company has indicated more flexible EUV manufacturing capacity than previously guided. JP Morgan raises ASML estimates as chipmaker signals it can supply far more EUV tools than previously guided
• Positive Sentiment: Several articles pointed to ASML benefiting from the AI infrastructure build-out and broader semiconductor spending cycle, which supports the long-term demand outlook for its lithography equipment. ASML Holding N.V. (ASML) Gains from AI infrastructure Build Out
• Neutral Sentiment: ASML has also been identified as a “wide-moat” stock and a trending name among investors, reflecting strong market interest but not a new fundamental catalyst. Top Wide-Moat Stocks to Buy for Steady Long-Term Returns
• Neutral Sentiment: Some recent commentary focused on valuation after the stock’s strong short-term momentum, suggesting investors are debating whether the rally is already pricing in a lot of the good news. Assessing ASML Holding (ENXTAM:ASML) Valuation After Strong Short Term Share Price Momentum
• Negative Sentiment: No major negative company-specific developments were reported in the latest batch of articles, so downside pressure appears limited for now.

Hedge Funds Weigh In On ASML

A number of institutional investors have recently added to or reduced their stakes in ASML. Cornerstone Financial Management LLC bought a new stake in shares of ASML during the 4th quarter valued at about $26,000. Binnacle Investments Inc boosted its position in shares of ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 15 shares during the last quarter. Resources Management Corp CT ADV boosted its position in shares of ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 23 shares during the last quarter. North Star Investment Management Corp. boosted its position in shares of ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc bought a new stake in shares of ASML during the 4th quarter valued at about $30,000. 26.07% of the stock is currently owned by institutional investors.

ASML Trading Up 1.8%

The stock has a market cap of $691.18 billion, a P/E ratio of 63.04, a P/E/G ratio of 1.40 and a beta of 1.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The stock has a 50-day moving average price of $1,478.55 and a 200-day moving average price of $1,333.83.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The firm had revenue of $10.15 billion during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. On average, equities research analysts expect that ASML Holding N.V. will post 37.1 EPS for the current year.

About ASML

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.