ASML (NASDAQ:ASML) Receives Buy Rating from Berenberg Bank

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued to investors on Friday,MarketScreener reports.

Several other analysts also recently commented on the stock. KGI Securities set a $1,415.00 price objective on shares of ASML and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Zacks Research downgraded shares of ASML from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Barclays reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, April 15th. Sanford C. Bernstein reissued a “buy” rating on shares of ASML in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research report on Wednesday, April 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,504.38.

ASML Stock Performance

Shares of ASML stock opened at $1,561.29 on Friday. The company has a market cap of $614.03 billion, a price-to-earnings ratio of 56.07, a price-to-earnings-growth ratio of 1.55 and a beta of 1.81. ASML has a 52 week low of $683.48 and a 52 week high of $1,552.75. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $1,400.34 and a 200-day moving average of $1,260.42.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The company had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. On average, equities analysts forecast that ASML will post 36.9 earnings per share for the current year.

Hedge Funds Weigh In On ASML

Several large investors have recently bought and sold shares of ASML. Manning & Napier Advisors LLC bought a new position in ASML during the 3rd quarter valued at $25,000. Cornerstone Financial Management LLC bought a new position in ASML during the 4th quarter valued at $26,000. Binnacle Investments Inc lifted its stake in ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 15 shares in the last quarter. Resources Management Corp CT ADV lifted its stake in ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 23 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its stake in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 11 shares in the last quarter. 26.07% of the stock is currently owned by 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.