ASML’s (ASML) “Buy” Rating Reaffirmed at UBS Group

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reissued by equities researchers at UBS Group in a research note issued to investors on Wednesday,MarketScreener reports.

A number of other research analysts also recently issued reports on the stock. Zacks Research upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. DZ Bank reiterated a “neutral” rating on shares of ASML in a research note on Wednesday, April 15th. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Morningstar lowered ASML to a “sell” rating in a report on Wednesday, May 27th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of ASML in a research report on Wednesday, June 3rd. Four research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,772.62.

ASML Stock Performance

NASDAQ:ASML traded down $81.63 during trading hours on Wednesday, reaching $1,907.81. 524,497 shares of the stock were exchanged, compared to its average volume of 1,869,211. The stock has a market capitalization of $750.31 billion, a P/E ratio of 68.94, a P/E/G ratio of 1.43 and a beta of 1.82. The firm has a 50 day simple moving average of $1,648.51 and a 200-day simple moving average of $1,437.89. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. ASML has a 52 week low of $683.48 and a 52 week high of $1,999.96.

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. ASML had a return on equity of 48.69% and a net margin of 27.65%.The business had revenue of $10.15 billion during the quarter. As a group, sell-side analysts forecast that ASML will post 36.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ASML

Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in ASML by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock valued at $959,180,000 after acquiring an additional 38,660 shares during the period. Gradient Investments LLC lifted its position in shares of ASML by 424.3% in the 4th quarter. Gradient Investments LLC now owns 14,388 shares of the semiconductor company’s stock worth $15,393,000 after acquiring an additional 11,644 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of ASML by 314.0% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 24,626 shares of the semiconductor company’s stock worth $23,841,000 after acquiring an additional 18,677 shares during the period. Bingham Private Wealth LLC acquired a new stake in shares of ASML during the 4th quarter worth approximately $1,444,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of ASML by 3.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock worth $24,036,000 after purchasing an additional 760 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.