ASML’s (ASML) Buy Rating Reaffirmed at Barclays

ASML (NASDAQ:ASML)‘s stock had its “buy” rating restated by research analysts at Barclays in a report released on Monday,MarketScreener reports.

Other analysts also recently issued reports about the company. Morningstar downgraded ASML to a “sell” rating in a research note on Wednesday, May 27th. Bank of America lifted their price objective on shares of ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Wells Fargo & Company raised their price objective on ASML from $1,750.00 to $2,200.00 and gave the company an “overweight” rating in a research note on Monday, June 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research note on Thursday, June 11th. Finally, Sanford C. Bernstein restated a “buy” rating on shares of ASML in a report on Monday, June 15th. 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,772.62.

ASML Trading Down 0.5%

ASML stock traded down $8.48 during mid-day trading on Monday, hitting $1,786.14. 241,825 shares of the stock were exchanged, compared to its average volume of 1,862,031. The firm’s fifty day simple moving average is $1,628.47 and its two-hundred day simple moving average is $1,426.33. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. ASML has a 12 month low of $683.48 and a 12 month high of $1,959.04. The stock has a market capitalization of $702.45 billion, a price-to-earnings ratio of 64.20, a PEG ratio of 1.36 and a beta of 1.82.

ASML (NASDAQ:ASML) last released its earnings results 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 return on equity of 48.69% and a net margin of 27.65%. Analysts forecast that ASML will post 36.69 EPS for the current year.

Institutional Investors Weigh In On ASML

Large investors have recently added to or reduced their stakes in the business. Capstone Wealth Management Group LLC lifted its position in 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 buying an additional 124 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of ASML by 141.1% in the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock valued at $4,553,000 after acquiring an additional 4,021 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in ASML by 153.1% during the 1st 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 acquiring an additional 10,411 shares during the period. Sivia Capital Partners LLC grew its position in ASML by 1.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock worth $936,000 after acquiring an additional 15 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in ASML by 5.2% in the 2nd quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock worth $9,122,000 after purchasing an additional 559 shares during the period. Institutional investors own 26.07% of the company’s stock.

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.