The Goldman Sachs Group Reaffirms “Buy” Rating for ASML (NASDAQ:ASML)

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reaffirmed by equities researchers at The Goldman Sachs Group in a report issued on Thursday,MarketScreener reports.

Several other brokerages also recently issued reports on ASML. Wells Fargo & Company restated an “overweight” rating and issued a $1,750.00 price target on shares of ASML in a report on Thursday, April 16th. 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. Morningstar downgraded ASML to a “sell” rating in a research report on Wednesday, May 27th. Morgan Stanley restated an “overweight” rating on shares of ASML in a report on Wednesday, June 3rd. Finally, Susquehanna reissued a “positive” rating on shares of ASML in a research report on Thursday, April 9th. 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,589.63.

ASML Price Performance

Shares of NASDAQ:ASML traded up $76.27 on Thursday, hitting $1,810.46. The stock had a trading volume of 505,702 shares, compared to its average volume of 1,814,957. The firm’s 50 day moving average price is $1,518.17 and its 200-day moving average price is $1,359.24. 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 has a twelve month low of $683.48 and a twelve month high of $1,831.11. The company has a market capitalization of $712.03 billion, a price-to-earnings ratio of 64.81, a price-to-earnings-growth ratio of 1.42 and a beta of 1.82.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The firm had revenue of $10.15 billion for the quarter. On average, equities research analysts predict that ASML will post 36.93 earnings per share for the current year.

Institutional Investors Weigh In On ASML

Several institutional investors have recently bought and sold shares of the stock. Family Capital Management Inc. lifted its position in shares of ASML by 0.8% during the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock valued at $983,000 after purchasing an additional 7 shares in the last quarter. 44 Wealth Management LLC lifted its position in shares of ASML by 1.1% during the 4th quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock worth $703,000 after buying an additional 7 shares in the last quarter. Evolution Wealth Management Inc. boosted its stake in shares of ASML by 22.6% in the 1st quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock worth $50,000 after buying an additional 7 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in shares of ASML by 0.3% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 2,232 shares of the semiconductor company’s stock valued at $2,948,000 after acquiring an additional 7 shares in the last quarter. Finally, Sky Investment Group LLC increased its position in shares of ASML by 2.1% during the fourth quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock valued at $411,000 after acquiring an additional 8 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Trending Headlines about ASML

Here are the key news stories impacting ASML this week:

• Positive Sentiment: ASML reached an agreement with Dutch unions that will allow it to cut fewer jobs than originally planned, easing concerns about deeper restructuring and near-term disruption. ASML to cut fewer jobs after talks with Dutch unions
• Positive Sentiment: Elon Musk’s virtual appearance at an ASML event is drawing attention to ASML’s advanced lithography tools and their role in his proposed “Terafab” semiconductor project, reinforcing ASML’s importance in next-generation chip manufacturing. Musk to speak at chip tool giant ASML event ahead of SpaceX IPO
• Positive Sentiment: Brokerage and market commentary remain constructive, with analysts maintaining favorable views and raising price targets, while broader AI/semiconductor enthusiasm continues to support the stock’s momentum. ASML Delays 1,700 Planned Job Cuts After Union Agreement
• Neutral Sentiment: One Seeking Alpha article argues that Canon could become a potential challenger to ASML’s EUV technology over time, which is more of a long-term competitive watch item than an immediate fundamental threat. Canon: Potential Challenger Of ASML’s EUV Process

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.