ASML (NASDAQ:ASML) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

ASML (NASDAQ:ASML) had its price objective lifted by Wells Fargo & Company from $790.00 to $860.00 in a report released on Monday,Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

Several other equities analysts also recently commented on ASML. JPMorgan Chase & Co. decreased their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. BNP Paribas initiated coverage on shares of ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective on the stock. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein dropped their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Finally, Susquehanna reduced their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $955.50.

ASML Stock Down 1.4 %

Shares of ASML stock opened at $726.30 on Monday. The firm’s fifty day moving average price is $702.22 and its two-hundred day moving average price is $801.85. ASML has a 1 year low of $645.45 and a 1 year high of $1,110.09. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $285.74 billion, a P/E ratio of 38.03, a PEG ratio of 2.07 and a beta of 1.47.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. On average, equities analysts predict that ASML will post 20.68 EPS for the current fiscal year.

Institutional Trading of ASML

Large investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV raised its stake in ASML by 4,379.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after buying an additional 870,010 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of ASML by 94,079.7% in the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after buying an additional 491,096 shares during the last quarter. Van ECK Associates Corp lifted its stake in ASML by 37.0% in the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock valued at $1,464,061,000 after purchasing an additional 474,653 shares during the last quarter. Tairen Capital Ltd increased its holdings in ASML by 321.2% in the 2nd quarter. Tairen Capital Ltd now owns 202,946 shares of the semiconductor company’s stock worth $207,559,000 after acquiring an additional 154,760 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in shares of ASML in the third quarter valued at approximately $125,952,000. 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.