JPMorgan Chase & Co. Reaffirms “Buy” Rating for ASML (NASDAQ:ASML)

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reaffirmed by JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday,MarketScreener reports.

Several other analysts have also commented on ASML. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, December 10th. Mizuho raised ASML from a “neutral” rating to an “outperform” rating in a report on Monday, September 29th. Susquehanna reaffirmed a “positive” rating on shares of ASML in a report on Monday, January 12th. Sanford C. Bernstein increased their target price on shares of ASML from $1,528.00 to $1,642.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research note on Friday, October 10th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,407.00.

ASML Stock Up 2.3%

Shares of ASML opened at $1,391.54 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $1,120.37 and a two-hundred day moving average price of $954.40. The stock has a market cap of $547.27 billion, a price-to-earnings ratio of 56.63, a P/E/G ratio of 1.83 and a beta of 1.86. ASML has a 12 month low of $578.51 and a 12 month high of $1,392.58.

Hedge Funds Weigh In On ASML

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC raised its holdings in ASML by 2.6% in the third quarter. Fisher Asset Management LLC now owns 4,352,596 shares of the semiconductor company’s stock worth $4,213,705,000 after purchasing an additional 108,342 shares during the period. Capital International Investors increased its position 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 buying an additional 577,448 shares in the last quarter. Van ECK Associates Corp raised its stake in ASML by 16.6% during the 3rd quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock worth $2,079,948,000 after buying an additional 305,435 shares during the period. WCM Investment Management LLC raised its stake in ASML by 24.9% during 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 buying an additional 385,502 shares during the period. Finally, Bank of America Corp DE lifted its holdings in ASML by 8.3% during the third quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock worth $1,805,733,000 after acquiring an additional 142,763 shares in the last quarter. Institutional investors 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.