ASML (NASDAQ:ASML) Receives Buy Rating from The Goldman Sachs Group

The Goldman Sachs Group reiterated their buy rating on shares of ASML (NASDAQ:ASML) in a research report sent to investors on Wednesday morning,MarketScreener reports.

Other research analysts have also issued research reports about the company. Morgan Stanley restated an “overweight” rating on shares of ASML in a report on Friday, January 16th. UBS Group restated a “buy” rating on shares of ASML in a report on Thursday, April 23rd. Berenberg Bank restated a “buy” rating on shares of ASML in a report on Friday, May 8th. Wall Street Zen lowered ASML from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Citigroup restated a “buy” rating on shares of ASML in a report on Thursday, April 16th. Three 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 assigned a Sell rating to the stock. According to data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $1,504.38.

ASML Trading Up 4.0%

Shares of ASML stock opened at $1,581.58 on Wednesday. The firm has a market capitalization of $622.00 billion, a PE ratio of 56.73, a P/E/G ratio of 1.25 and a beta of 1.81. ASML has a twelve month low of $683.48 and a twelve month high of $1,602.60. The firm’s 50-day moving average price is $1,408.26 and its 200 day moving average price is $1,275.53. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share 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, sell-side analysts predict that ASML will post 37.09 EPS for the current fiscal year.

Institutional Trading of ASML

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Manning & Napier Advisors LLC purchased a new stake in ASML in the third quarter valued at approximately $25,000. Cornerstone Financial Management LLC purchased a new stake in ASML in the fourth quarter valued at approximately $26,000. Binnacle Investments Inc raised its position in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares during the period. Resources Management Corp CT ADV raised its position in ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. Finally, North Star Investment Management Corp. raised its position in ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares during the period. 26.07% of the stock is currently owned by hedge funds and other 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.