Susquehanna Cuts ASML (NASDAQ:ASML) Price Target to $1,100.00

ASML (NASDAQ:ASML) had its price objective decreased by equities research analysts at Susquehanna from $1,300.00 to $1,100.00 in a report issued on Friday, Benzinga reports. The firm presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price target would suggest a potential upside of 32.38% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of ASML from $1,202.00 to $1,207.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,071.80.

ASML Price Performance

ASML stock opened at $830.94 on Friday. The stock has a market cap of $326.91 billion, a PE ratio of 44.79, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. The stock has a 50-day moving average price of $844.34 and a two-hundred day moving average price of $925.55. ASML has a 1 year low of $573.86 and a 1 year high of $1,110.09. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. ASML’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $5.37 EPS. Equities analysts forecast that ASML will post 20.38 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

Several institutional investors and hedge funds have recently modified their holdings of ASML. Burford Brothers Inc. acquired a new position in ASML in the 4th quarter valued at about $761,000. Sunpointe LLC bought a new position in shares of ASML during the fourth quarter worth approximately $908,000. V Square Quantitative Management LLC bought a new position in shares of ASML during the fourth quarter worth approximately $1,014,000. Garde Capital Inc. acquired a new stake in ASML during the 4th quarter worth approximately $112,000. Finally, Scarborough Advisors LLC bought a new stake in ASML in the 4th quarter valued at $95,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.