ASML (NASDAQ:ASML) Given Buy Rating at JPMorgan Chase & Co.

ASML (NASDAQ:ASML)‘s stock had its “buy” rating restated by JPMorgan Chase & Co. in a note issued to investors on Friday,MarketScreener reports.

ASML has been the subject of several other research reports. Weiss Ratings upgraded shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. DZ Bank reissued a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Royal Bank Of Canada boosted their price objective on shares of ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, April 23rd. Finally, Santander downgraded ASML from a “neutral” rating to an “underperform” rating in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $1,504.38.

ASML Stock Down 4.6%

NASDAQ ASML traded down $72.27 on Friday, reaching $1,512.24. 659,925 shares of the stock traded hands, compared to its average volume of 1,827,954. ASML has a 12 month low of $683.48 and a 12 month high of $1,603.49. The company has a market cap of $594.73 billion, a price-to-earnings ratio of 54.29, a PEG ratio of 1.30 and a beta of 1.81. The company has a fifty day moving average price of $1,412.73 and a 200-day moving average price of $1,279.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The firm had revenue of $10.15 billion for the quarter. As a group, research analysts forecast that ASML will post 37.09 EPS for the current fiscal year.

Institutional Investors Weigh In On ASML

Several institutional investors have recently bought and sold shares of ASML. Capstone Wealth Management Group LLC increased its position in shares of 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 purchasing an additional 124 shares in the last quarter. AQR Capital Management LLC grew its stake in 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 buying an additional 4,021 shares during the last quarter. 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 valued at $11,404,000 after buying an additional 10,411 shares in the last quarter. Sivia Capital Partners LLC raised its stake in ASML by 1.3% in the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock valued at $936,000 after buying an additional 15 shares during the last quarter. Finally, NewEdge Advisors LLC boosted 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 worth $9,122,000 after acquiring an additional 559 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.