ASML Holding N.V. (NASDAQ:ASML) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of ASML Holding N.V. (NASDAQ:ASMLGet Free Report) have received an average recommendation of “Moderate Buy” from the thirty-two research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $1,854.1250.

A number of research analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a report on Thursday, June 11th. Royal Bank Of Canada boosted their price target on ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Morgan Stanley restated an “overweight” rating on shares of ASML in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on ASML from $1,813.00 to $2,200.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, Barclays reaffirmed a “buy” rating on shares of ASML in a report on Monday, June 29th.

Read Our Latest Analysis on ASML

Key Stories Impacting ASML

Here are the key news stories impacting ASML this week:

Institutional Investors Weigh In On ASML

Several institutional investors and hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its stake in ASML by 195.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock valued at $1,652,618,000 after acquiring an additional 1,022,532 shares during the last quarter. Capital International Investors raised its position in ASML by 17.3% during 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. Alliancebernstein L.P. lifted its holdings in shares of ASML by 75.6% in the third quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock valued at $765,632,000 after purchasing an additional 340,518 shares in the last quarter. Van ECK Associates Corp lifted its holdings 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 valued at $2,079,948,000 after purchasing an additional 305,435 shares in the last quarter. Finally, BlueSpruce Investments LP grew its position in shares of ASML by 18,861.1% in the third quarter. BlueSpruce Investments LP now owns 244,977 shares of the semiconductor company’s stock valued at $237,160,000 after purchasing an additional 243,685 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Performance

NASDAQ:ASML opened at $1,804.25 on Friday. The firm’s fifty day simple moving average is $1,697.62 and its 200-day simple moving average is $1,473.46. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The stock has a market cap of $709.58 billion, a PE ratio of 64.71, a price-to-earnings-growth ratio of 1.34 and a beta of 1.78. ASML has a fifty-two week low of $683.48 and a fifty-two week high of $1,999.96.

ASML (NASDAQ:ASMLGet Free Report) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The firm had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. Analysts expect that ASML will post 36.62 earnings per share for the current fiscal year.

About ASML

(Get Free Report)

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.

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Analyst Recommendations for ASML (NASDAQ:ASML)

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