ASML (NASDAQ:ASML) Receives Buy Rating from Barclays

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reiterated by analysts at Barclays in a research report issued on Wednesday,MarketScreener reports.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of ASML in a research note on Tuesday. Citigroup restated a “buy” rating on shares of ASML in a report on Tuesday, January 20th. Zacks Research lowered ASML from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Bank of America lifted their price target on ASML from $1,092.00 to $1,331.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Finally, Berenberg Bank reiterated a “buy” rating on shares of ASML in a research report on Friday, January 23rd. Two 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,482.50.

ASML Trading Up 5.3%

Shares of ASML stock opened at $1,320.83 on Wednesday. ASML has a 1 year low of $578.51 and a 1 year high of $1,547.22. The company’s fifty day simple moving average is $1,396.74 and its 200-day simple moving average is $1,179.35. The company has a market cap of $519.46 billion, a price-to-earnings ratio of 51.16, a PEG ratio of 1.21 and a beta of 1.88. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ASML. Arrowstreet Capital Limited Partnership boosted its stake in ASML by 195.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock valued at $1,652,618,000 after acquiring an additional 1,022,532 shares during the last quarter. Capital International Investors lifted its stake in shares of ASML by 17.3% in the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock valued at $3,791,982,000 after purchasing an additional 577,448 shares during the period. Regents of The University of California acquired a new position in shares of ASML in the 3rd quarter valued at $413,335,000. WCM Investment Management LLC boosted its position in shares of ASML by 24.9% in the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after purchasing an additional 385,502 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in ASML by 75.6% in the third quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock valued at $765,632,000 after purchasing an additional 340,518 shares during 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.