Morgan Stanley reaffirmed their overweight rating on shares of ASML (NASDAQ:ASML) in a report issued on Friday morning, The Fly reports.

Several other analysts have also recently issued reports on ASML. Goldman Sachs Group reiterated a buy rating on shares of ASML in a research note on Tuesday, May 12th. Barclays reiterated an overweight rating on shares of ASML in a research note on Tuesday, May 26th. Sanford C. Bernstein upgraded ASML from a market perform rating to an outperform rating in a research note on Thursday, March 12th. Evercore ISI restated an outperform rating on shares of ASML in a research note on Wednesday, June 17th. Finally, Wells Fargo & Co raised their price target on ASML from $410.00 to $430.00 and gave the company an overweight rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $352.75.

ASML opened at $388.62 on Friday. ASML has a 52 week low of $191.25 and a 52 week high of $402.86. The business has a fifty day simple moving average of $356.14 and a 200-day simple moving average of $304.19. The firm has a market cap of $166.18 billion, a P/E ratio of 56.00, a P/E/G ratio of 2.39 and a beta of 1.04. The company has a quick ratio of 1.79, a current ratio of 2.72 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, April 15th. The semiconductor company reported $1.03 EPS for the quarter, topping the consensus estimate of $1.02 by $0.01. ASML had a return on equity of 21.49% and a net margin of 21.83%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.69 billion. Sell-side analysts expect that ASML will post 7.27 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Alpha Cubed Investments LLC acquired a new stake in shares of ASML during the second quarter worth about $219,000. Global Retirement Partners LLC grew its holdings in shares of ASML by 1,116.7% during the second quarter. Global Retirement Partners LLC now owns 73 shares of the semiconductor company’s stock worth $27,000 after buying an additional 67 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of ASML by 21.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 7,726 shares of the semiconductor company’s stock worth $2,843,000 after buying an additional 1,372 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of ASML by 22.3% during the second quarter. Whittier Trust Co. now owns 23,197 shares of the semiconductor company’s stock worth $8,536,000 after buying an additional 4,222 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of ASML by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 183,492 shares of the semiconductor company’s stock worth $67,531,000 after buying an additional 6,497 shares during the last quarter. Institutional investors and hedge funds own 17.85% of the company’s stock.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.

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Analyst Recommendations for ASML (NASDAQ:ASML)

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