ASML (NASDAQ:ASML) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

ASML (NASDAQ:ASMLGet Free Report)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Wednesday,MarketScreener reports.

Other equities research analysts have also issued research reports about the company. KGI Securities set a $1,415.00 price target on ASML and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Morgan Stanley reiterated an “overweight” rating on shares of ASML in a research report on Friday, January 16th. Susquehanna reissued a “positive” rating on shares of ASML in a report on Monday, January 12th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML in a research note on Monday, February 2nd. Finally, Wells Fargo & Company increased their price objective on shares of ASML from $1,450.00 to $1,650.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, ASML has an average rating of “Moderate Buy” and an average price target of $1,475.00.

Check Out Our Latest Stock Report on ASML

ASML Stock Performance

Shares of ASML opened at $1,497.80 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. ASML has a 52-week low of $578.51 and a 52-week high of $1,507.35. The company has a 50-day simple moving average of $1,295.58 and a 200-day simple moving average of $1,071.67. The company has a market capitalization of $589.06 billion, a PE ratio of 58.01, a P/E/G ratio of 1.69 and a beta of 1.89.

Hedge Funds Weigh In On ASML

A number of hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its position in shares of ASML by 195.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock worth $1,652,618,000 after buying an additional 1,022,532 shares during the period. Capital International Investors lifted its holdings in shares of ASML by 17.3% in 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 buying an additional 577,448 shares during the period. Regents of The University of California bought a new position in ASML during the third quarter valued at about $413,335,000. WCM Investment Management LLC grew its holdings in ASML by 24.9% during the third 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 period. Finally, Alliancebernstein L.P. raised its position in ASML by 75.6% in the third 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 in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

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About ASML

(Get Free Report)

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.

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Analyst Recommendations for ASML (NASDAQ:ASML)

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