ASML (NASDAQ:ASML) Receives Buy Rating from JPMorgan Chase & Co.

ASML (NASDAQ:ASML)‘s stock had its “buy” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued on Tuesday,MarketScreener reports.

A number of other analysts also recently issued reports on ASML. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a report on Friday, January 23rd. Cantor Fitzgerald restated an “overweight” rating on shares of ASML in a research report on Tuesday, December 16th. Royal Bank Of Canada lifted their target price on shares of ASML from $1,550.00 to $1,625.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Zacks Research lowered shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,482.50.

ASML Trading Up 2.5%

Shares of NASDAQ:ASML opened at $1,284.90 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 0.79. ASML has a 1 year low of $578.51 and a 1 year high of $1,547.22. The company has a market cap of $505.33 billion, a P/E ratio of 49.59, a PEG ratio of 1.26 and a beta of 1.88. The stock’s fifty day moving average price is $1,396.85 and its 200-day moving average price is $1,175.78.

Institutional Investors Weigh In On ASML

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC purchased a new position in shares of ASML during the 3rd quarter valued at $25,000. City Holding Co. purchased a new stake in ASML in the 3rd quarter worth $26,000. Cornerstone Financial Management LLC bought a new stake in ASML during the fourth quarter valued at about $26,000. Binnacle Investments Inc lifted its position in shares of 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 acquiring an additional 15 shares in the last quarter. Finally, Resources Management Corp CT ADV boosted its stake in shares of ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares during the period. Institutional investors own 26.07% of the company’s stock.

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.