ASML (NASDAQ:ASML) Given “Buy” Rating at Sanford C. Bernstein

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reaffirmed by investment analysts at Sanford C. Bernstein in a report issued on Monday,MarketScreener reports.

Several other research analysts have also recently weighed in on ASML. Royal Bank Of Canada upped their price target on shares of ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Susquehanna reissued a “positive” rating on shares of ASML in a research note on Thursday, April 9th. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Finally, Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,504.38.

ASML Price Performance

NASDAQ:ASML remained flat at $1,632.90 on Monday. 1,666,277 shares of the company’s stock were exchanged, compared to its average volume of 1,659,980. The firm has a market capitalization of $642.19 billion, a price-to-earnings ratio of 58.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The company has a 50 day moving average of $1,433.13 and a two-hundred day moving average of $1,299.30. ASML has a 12-month low of $683.48 and a 12-month high of $1,653.53.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The company had revenue of $10.15 billion during the quarter. As a group, sell-side analysts predict that ASML will post 37.1 EPS for the current year.

Institutional Investors Weigh In On ASML

Several hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its position in shares of ASML by 195.8% during 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 purchasing an additional 1,022,532 shares during the last quarter. Capital International Investors grew 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 valued at $3,791,982,000 after acquiring an additional 577,448 shares during the last quarter. Regents of The University of California purchased a new position in shares of ASML during the third quarter worth approximately $413,335,000. WCM Investment Management LLC lifted its holdings in shares of ASML by 24.9% in the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after acquiring an additional 385,502 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of ASML by 75.6% in the 3rd quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock worth $765,632,000 after acquiring an additional 340,518 shares during the last quarter. 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.