ASML (NASDAQ:ASML) Given New $2,345.00 Price Target at Bank of America

ASML (NASDAQ:ASML) had its price objective upped by analysts at Bank of America from $2,268.00 to $2,345.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Bank of America‘s price target points to a potential upside of 20.60% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on ASML. Morgan Stanley reissued an “overweight” rating on shares of ASML in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 16th. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research report on Thursday, June 11th. DZ Bank reiterated a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Finally, Citigroup reissued a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,772.62.

ASML Stock Performance

Shares of ASML stock opened at $1,944.48 on Monday. The stock has a market cap of $764.73 billion, a PE ratio of 70.07, a price-to-earnings-growth ratio of 1.55 and a beta of 1.82. ASML has a 12 month low of $683.48 and a 12 month high of $1,954.39. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $1,594.98 and a 200-day simple moving average of $1,401.52.

ASML (NASDAQ:ASML) last released its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The company had revenue of $10.15 billion for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. On average, sell-side analysts anticipate that ASML will post 36.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ASML. Dimensional Fund Advisors LP raised its position in shares of ASML by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock valued at $959,180,000 after buying an additional 38,660 shares during the last quarter. Gradient Investments LLC increased its stake in ASML by 424.3% in the 4th quarter. Gradient Investments LLC now owns 14,388 shares of the semiconductor company’s stock worth $15,393,000 after acquiring an additional 11,644 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its stake in ASML by 314.0% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 24,626 shares of the semiconductor company’s stock valued at $23,841,000 after purchasing an additional 18,677 shares in the last quarter. Bingham Private Wealth LLC purchased a new stake in shares of ASML during the 4th quarter valued at about $1,444,000. Finally, RWA Wealth Partners LLC lifted its holdings in shares of ASML by 17.3% in the 3rd quarter. RWA Wealth Partners LLC now owns 37,575 shares of the semiconductor company’s stock valued at $36,376,000 after acquiring an additional 5,543 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

About ASML

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.