ASML (NASDAQ:ASML) Price Target Raised to $2,345.00 at Bank of America

ASML (NASDAQ:ASML) had its price objective lifted by stock analysts at Bank of America from $2,268.00 to $2,345.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Bank of America‘s price target points to a potential upside of 20.60% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a research report on Wednesday, June 3rd. Barclays reissued an “overweight” rating on shares of ASML in a report on Thursday, June 4th. DZ Bank reissued a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Zacks Research upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a report on Thursday, June 11th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,772.62.

ASML Stock Performance

Shares of ASML stock opened at $1,944.48 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The company has a market cap of $764.73 billion, a P/E ratio of 70.07, a P/E/G ratio of 1.55 and a beta of 1.82. ASML has a one year low of $683.48 and a one year high of $1,954.39. The firm has a 50-day moving average of $1,594.98 and a 200-day moving average of $1,401.52.

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. The business had revenue of $10.15 billion for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. Equities research analysts forecast that ASML will post 36.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Capstone Wealth Management Group LLC raised its holdings in shares of ASML by 5.2% in the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after purchasing an additional 124 shares in the last quarter. AQR Capital Management LLC grew its position in ASML by 141.1% in the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after buying an additional 4,021 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of ASML by 153.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock valued at $11,404,000 after buying an additional 10,411 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of ASML by 1.3% in the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock valued at $936,000 after buying an additional 15 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of ASML by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock valued at $9,122,000 after acquiring an additional 559 shares during the last quarter. 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.