JPMorgan Chase & Co. Boosts ASML (NASDAQ:ASML) Price Target to $1,518.00

ASML (NASDAQ:ASML) had its price objective raised by investment analysts at JPMorgan Chase & Co. from $1,275.00 to $1,518.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 20.77% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. DZ Bank reaffirmed a “neutral” rating on shares of ASML in a research note on Wednesday, October 15th. Bank Degroof downgraded shares of ASML to a “hold” rating in a report on Friday, October 10th. Zacks Research cut shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Sanford C. Bernstein upgraded shares of ASML from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Finally, Erste Group Bank upgraded ASML from a “hold” rating to a “buy” rating in a report on Monday, September 22nd. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,311.17.

ASML Price Performance

Shares of ASML stock traded down $13.27 on Wednesday, hitting $1,256.89. The company had a trading volume of 1,071,109 shares, compared to its average volume of 1,912,440. ASML has a 52 week low of $578.51 and a 52 week high of $1,291.48. The company has a market cap of $494.31 billion, a PE ratio of 51.20, a PEG ratio of 1.90 and a beta of 1.86. The business has a 50-day simple moving average of $1,084.17 and a 200-day simple moving average of $932.82. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The firm had revenue of $8.80 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same period last year, the company posted $5.28 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. Research analysts expect that ASML will post 25.17 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

Large investors have recently made changes to their positions in the business. Manning & Napier Advisors LLC acquired a new position in ASML in the 3rd quarter valued at approximately $25,000. City Holding Co. acquired a new position in shares of ASML in the third quarter worth $26,000. Princeton Global Asset Management LLC increased its stake in shares of ASML by 153.8% in the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 20 shares during the last quarter. Binnacle Investments Inc raised its holdings in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 15 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in ASML during the third quarter valued at $34,000. 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.