ASML (NASDAQ:ASML) Earns “Buy” Rating from Barclays

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

A number of other analysts have also recently weighed in on the company. Weiss Ratings upgraded ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research report on Wednesday, February 25th. UBS Group reiterated a “buy” rating on shares of ASML in a research report on Tuesday, March 3rd. Sanford C. Bernstein upped their target price on ASML to $1,971.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Finally, Zacks Research cut shares of ASML from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average target price of $1,482.50.

ASML Stock Performance

Shares of ASML opened at $1,320.83 on Wednesday. The firm has a market cap of $519.46 billion, a price-to-earnings ratio of 51.16, a PEG ratio of 1.21 and a beta of 1.88. The business’s 50 day moving average is $1,396.74 and its two-hundred day moving average is $1,179.35. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. ASML has a 52-week low of $578.51 and a 52-week high of $1,547.22.

Institutional Trading of ASML

Institutional investors have recently added to or reduced their stakes in the business. J. Derek Lewis & Associates Inc. bought a new position in ASML during the fourth quarter valued at about $437,000. Osbon Capital Management LLC bought a new position in shares of ASML in the fourth quarter valued at approximately $218,000. Fund Advisors of America Inc FL acquired a new position in ASML in the 4th quarter valued at $1,430,000. Bawa N Mallick Trust acquired a new position in ASML in the 4th quarter valued at $214,000. Finally, Meadowbrook Advisors Group LLC bought a new position in ASML in the 4th quarter worth $248,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.