ASML’s (ASML) Buy Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their buy rating on shares of ASML (NASDAQ:ASML) in a report issued on Friday,MarketScreener reports.

Other research analysts have also issued reports about the company. Morgan Stanley reiterated an “overweight” rating on shares of ASML in a report on Friday, January 16th. DZ Bank reiterated a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Susquehanna reiterated a “positive” rating on shares of ASML in a report on Thursday, April 9th. KGI Securities set a $1,415.00 target price on ASML and gave the stock an “outperform” rating in a report on Thursday, January 15th. Finally, Grupo Santander lowered ASML to an “underperform” rating in a report on Thursday, January 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,504.38.

ASML Stock Down 5.2%

NASDAQ:ASML opened at $1,501.81 on Friday. ASML has a 12-month low of $683.48 and a 12-month high of $1,603.49. 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 firm has a market capitalization of $590.63 billion, a P/E ratio of 53.87, a P/E/G ratio of 1.30 and a beta of 1.81. The stock’s fifty day simple moving average is $1,414.78 and its 200-day simple moving average is $1,280.97.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The business had revenue of $10.15 billion for the quarter. Equities research analysts expect that ASML will post 37.09 earnings per share for the current year.

Institutional Trading of ASML

A number of institutional investors have recently modified their holdings of the company. Family Capital Management Inc. lifted its holdings in shares of ASML by 0.8% in the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock valued at $983,000 after purchasing an additional 7 shares in the last quarter. 44 Wealth Management LLC grew its position in ASML by 1.1% in the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock valued at $703,000 after purchasing an additional 7 shares in the last quarter. Evolution Wealth Management Inc. grew its position in ASML by 22.6% in the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 7 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its position in ASML by 0.3% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 2,232 shares of the semiconductor company’s stock valued at $2,948,000 after purchasing an additional 7 shares in the last quarter. Finally, Sky Investment Group LLC grew its position in ASML by 2.1% in the fourth quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock valued at $411,000 after purchasing an additional 8 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

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.