The Goldman Sachs Group Reiterates Buy Rating for ASML (NASDAQ:ASML)

ASML (NASDAQ:ASML)‘s stock had its “buy” rating restated by stock analysts at The Goldman Sachs Group in a research note issued to investors on Wednesday,MarketScreener reports.

Several other equities analysts have also issued reports on ASML. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research report on Wednesday, April 8th. KGI Securities set a $1,415.00 price objective on ASML and gave the company an “outperform” rating in a research note on Thursday, January 15th. Santander downgraded shares of ASML from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 22nd. Wells Fargo & Company reiterated an “overweight” rating and set a $1,750.00 price target on shares of ASML in a report on Thursday, April 16th. Finally, Grupo Santander cut shares of ASML to an “underperform” rating in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $1,504.38.

ASML Trading Up 0.7%

Shares of ASML stock traded up $11.12 during trading on Wednesday, reaching $1,532.06. The company’s stock had a trading volume of 378,980 shares, compared to its average volume of 1,831,699. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. ASML has a 52-week low of $683.48 and a 52-week high of $1,595.31. The firm’s 50-day moving average is $1,405.10 and its two-hundred day moving average is $1,271.69. The company has a market cap of $602.53 billion, a price-to-earnings ratio of 54.93, a PEG ratio of 1.28 and a beta of 1.81.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The business had revenue of $10.15 billion during the quarter. On average, sell-side analysts anticipate that ASML will post 37.08 earnings per share for the current year.

Hedge Funds Weigh In On ASML

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Chase Investment Counsel Corp bought a new stake in ASML in the first quarter valued at $336,000. Fortis Capital Management LLC bought a new position in ASML in the 1st quarter worth $211,000. Himension Capital Singapore PTE. LTD. lifted its position in shares of ASML by 24.9% in the 1st quarter. Himension Capital Singapore PTE. LTD. now owns 9,603 shares of the semiconductor company’s stock worth $12,684,000 after purchasing an additional 1,917 shares during the period. Baader Bank Aktiengesellschaft purchased a new stake in shares of ASML in the 1st quarter worth about $329,000. Finally, Atlantic Private Wealth LLC boosted its stake in shares of ASML by 265.6% during the 1st quarter. Atlantic Private Wealth LLC now owns 117 shares of the semiconductor company’s stock valued at $154,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

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.