The Goldman Sachs Group Reiterates “Buy” Rating for ASML (NASDAQ:ASML)

ASML (NASDAQ:ASMLGet Free Report)‘s stock had its “buy” rating restated by equities research analysts at The Goldman Sachs Group in a report issued on Wednesday,MarketScreener reports.

ASML has been the topic of several other reports. Wells Fargo & Company boosted their target price on shares of ASML from $1,140.00 to $1,450.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Morgan Stanley restated an “overweight” rating on shares of ASML in a report on Friday, January 16th. Citigroup reissued a “buy” rating on shares of ASML in a research report on Tuesday, January 20th. Hsbc Global Res upgraded shares of ASML to a “strong-buy” rating in a report on Monday, October 6th. Finally, Barclays reissued a “neutral” rating on shares of ASML in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,407.00.

Read Our Latest Report on ASML

ASML Stock Down 1.1%

ASML stock traded down $15.61 during midday trading on Wednesday, reaching $1,438.98. The company’s stock had a trading volume of 1,030,400 shares, compared to its average volume of 2,120,863. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. ASML has a fifty-two week low of $578.51 and a fifty-two week high of $1,493.48. The business has a 50-day simple moving average of $1,152.39 and a 200-day simple moving average of $972.87. The company has a market cap of $565.93 billion, a P/E ratio of 59.44, a P/E/G ratio of 1.92 and a beta of 1.86.

Institutional Investors Weigh In On ASML

Several institutional investors and hedge funds have recently modified their holdings of ASML. Manning & Napier Advisors LLC bought a new position in shares of ASML in the third quarter worth about $25,000. Princeton Global Asset Management LLC lifted its position in shares of ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after buying an additional 20 shares during the period. City Holding Co. bought a new stake in ASML during the third quarter worth about $26,000. Binnacle Investments Inc increased its stake in shares of ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in ASML in the second quarter worth about $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Key ASML News

Here are the key news stories impacting ASML this week:

About ASML

(Get Free Report)

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.

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Analyst Recommendations for ASML (NASDAQ:ASML)

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