ASML Holding N.V. (NASDAQ:ASML) Receives $1,589.63 Average Price Target from Analysts

Shares of ASML Holding N.V. (NASDAQ:ASML) have received an average rating of “Moderate Buy” from the thirty-two ratings firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and four have issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $1,589.6250.

Several equities research analysts have recently issued reports on ASML shares. Wall Street Zen cut ASML from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. DZ Bank reissued a “neutral” rating on shares of ASML in a research note on Wednesday, April 15th. Barclays restated an “overweight” rating on shares of ASML in a report on Thursday, June 4th. Royal Bank Of Canada upped their price objective on shares of ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Finally, Berenberg Bank restated a “buy” rating on shares of ASML in a report on Friday, May 8th.

Institutional Trading of ASML

Several institutional investors have recently made changes to their positions in ASML. Capstone Wealth Management Group LLC increased its stake in ASML by 5.2% during the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after acquiring an additional 124 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of ASML by 141.1% during the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after purchasing an additional 4,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in ASML by 153.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock worth $11,404,000 after purchasing an additional 10,411 shares in the last quarter. Sivia Capital Partners LLC increased its position in ASML by 1.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock worth $936,000 after purchasing an additional 15 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in ASML by 5.2% in the second quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock valued at $9,122,000 after buying an additional 559 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Performance

NASDAQ:ASML opened at $1,884.69 on Wednesday. The firm has a 50 day simple moving average of $1,561.06 and a 200-day simple moving average of $1,383.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The firm has a market cap of $741.21 billion, a PE ratio of 67.92, a P/E/G ratio of 1.52 and a beta of 1.82. ASML has a 1-year low of $683.48 and a 1-year high of $1,917.63.

ASML (NASDAQ:ASML) last announced its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The firm had revenue of $10.15 billion for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. On average, equities analysts expect that ASML will post 36.76 EPS for the current year.

About ASML

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.