ASML (NASDAQ:ASML) PT Lowered to $815.00

ASML (NASDAQ:ASML) had its price target decreased by equities researchers at Sanford C. Bernstein from $1,052.00 to $815.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor company’s stock. Sanford C. Bernstein’s price target indicates a potential upside of 12.68% from the stock’s previous close.

ASML has been the topic of several other reports. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML Price Performance

ASML stock opened at $723.26 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. ASML has a 52-week low of $573.86 and a 52-week high of $1,110.09. The firm has a market cap of $285.39 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. The company’s 50 day moving average is $834.43 and its two-hundred day moving average is $915.67.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ASML. Hilltop National Bank lifted its holdings in shares of ASML by 1.0% in the 2nd quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock valued at $997,000 after buying an additional 10 shares during the period. Investment Partners LTD. boosted its position in shares of ASML by 1.2% during the 1st quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock worth $871,000 after purchasing an additional 11 shares in the last quarter. Valley National Advisers Inc. grew its stake in shares of ASML by 1.1% during the 2nd quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock worth $1,159,000 after purchasing an additional 12 shares during the period. Pure Financial Advisors LLC increased its holdings in shares of ASML by 2.8% in the 2nd quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock valued at $454,000 after purchasing an additional 12 shares in the last quarter. Finally, First Pacific Financial lifted its stake in shares of ASML by 1.1% in the second quarter. First Pacific Financial now owns 1,121 shares of the semiconductor company’s stock valued at $1,146,000 after purchasing an additional 12 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

About ASML

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.