ASML Holding N.V. (NASDAQ:ASML) Receives $1,504.38 Average PT from Analysts

Shares of ASML Holding N.V. (NASDAQ:ASML) have earned an average recommendation of “Moderate Buy” from the thirty-two ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, twenty-one have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $1,504.3750.

Several equities research analysts have issued reports on ASML shares. TD Cowen reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, January 28th. Barclays reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, April 15th. Freedom Capital raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. UBS Group reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 23rd. Finally, Weiss Ratings raised shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th.

More ASML News

Here are the key news stories impacting ASML this week:

• Positive Sentiment: ASML announced a partnership with Tata Electronics tied to India’s $11 billion Dholera 300mm fab, expanding ASML’s footprint in a major new semiconductor market and creating a potential pipeline for future DUV-to-EUV tool sales. ASML Expands Globally, Joins Tata for India Semiconductor Hub
• Positive Sentiment: ASML reported transactions under its current share buyback program, which signals continued capital return to shareholders and can help cushion the stock. ASML reports transactions under its current share buyback program
• Neutral Sentiment: A Zacks piece highlighted Wall Street’s generally bullish view on ASML, but it did not include a new rating change or fresh earnings update, so it is unlikely to be a major near-term stock driver. Is It Worth Investing in ASML Based on Wall Street’s Bullish Views?

Institutional Investors Weigh In On ASML

Several hedge funds have recently modified their holdings of the stock. Fisher Asset Management LLC boosted its position in shares of ASML by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after acquiring an additional 132,353 shares during the last quarter. Capital International Investors boosted its position in shares of 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 acquiring an additional 577,448 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of ASML by 16.6% in 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 acquiring an additional 305,435 shares during the last quarter. WCM Investment Management LLC boosted its position in shares of ASML by 24.9% in the third quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after acquiring an additional 385,502 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of ASML by 8.3% in the third quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock worth $1,805,733,000 after acquiring an additional 142,763 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Price Performance

ASML stock opened at $1,472.39 on Friday. ASML has a 12-month low of $683.48 and a 12-month high of $1,603.49. The stock has a market capitalization of $579.06 billion, a P/E ratio of 52.81, a P/E/G ratio of 1.23 and a beta of 1.81. The firm’s 50-day moving average is $1,416.86 and its two-hundred day moving average is $1,285.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78.

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

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.