ASML’s (ASML) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Wednesday,MarketScreener reports.

A number of other analysts have also recently commented on the company. Evercore ISI reiterated an “outperform” rating on shares of ASML in a research report on Thursday, October 16th. JPMorgan Chase & Co. lifted their price target on shares of ASML from $1,175.00 to $1,275.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research report on Monday, October 13th. Mizuho upgraded shares of ASML from a “neutral” rating to an “outperform” rating in a research report on Monday, September 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a report on Friday, October 10th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, ASML has an average rating of “Moderate Buy” and an average target price of $1,171.83.

ASML Stock Down 0.3%

ASML stock opened at $1,108.37 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. ASML has a 12 month low of $578.51 and a 12 month high of $1,141.72. The firm has a market capitalization of $435.91 billion, a PE ratio of 45.11, a P/E/G ratio of 1.74 and a beta of 1.87. The company’s 50 day simple moving average is $1,034.78 and its 200-day simple moving average is $870.01.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The firm had revenue of $8.80 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the prior year, the firm earned $5.28 EPS. ASML’s quarterly revenue was up .7% on a year-over-year basis. Equities analysts expect that ASML will post 25.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC purchased a new position in shares of ASML in the 3rd quarter worth about $25,000. Princeton Global Asset Management LLC grew its holdings in shares of ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 20 shares during the period. City Holding Co. acquired a new stake in ASML during the 3rd quarter worth approximately $26,000. Binnacle Investments Inc raised its holdings in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares during the period. Finally, Pin Oak Investment Advisors Inc. acquired a new position in ASML during the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.