ASML’s (ASML) Buy Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their buy rating on shares of ASML (NASDAQ:ASML) in a research note published on Wednesday morning,MarketScreener reports.

ASML has been the subject of several other research reports. Sanford C. Bernstein reiterated a “market perform” rating and set a $935.00 target price on shares of ASML in a research note on Thursday, October 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ASML in a research note on Wednesday, October 8th. Hsbc Global Res upgraded shares of ASML to a “strong-buy” rating in a research note on Monday, October 6th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research note on Friday, October 10th. Finally, Morgan Stanley upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,001.60.

ASML Price Performance

Shares of ASML opened at $1,009.81 on Wednesday. ASML has a fifty-two week low of $578.51 and a fifty-two week high of $1,059.00. The company has a market capitalization of $397.14 billion, a price-to-earnings ratio of 42.15, a price-to-earnings-growth ratio of 1.66 and a beta of 1.87. The firm has a 50-day simple moving average of $852.01 and a 200-day simple moving average of $768.34. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share for the quarter, missing the consensus estimate of $5.94 by ($1.39). ASML had a return on equity of 49.47% and a net margin of 26.95%.The business had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same quarter last year, the company posted $4.01 EPS. ASML’s quarterly revenue was up 23.2% on a year-over-year basis. On average, equities research analysts anticipate that ASML will post 25.17 earnings per share for the current year.

Institutional Investors Weigh In On ASML

A number of hedge funds have recently added to or reduced their stakes in the company. Busey Bank increased its holdings in ASML by 1,361.1% in the third quarter. Busey Bank now owns 4,544 shares of the semiconductor company’s stock valued at $4,399,000 after buying an additional 4,233 shares in the last quarter. BSW Wealth Partners increased its holdings in ASML by 3.8% in the third quarter. BSW Wealth Partners now owns 1,046 shares of the semiconductor company’s stock valued at $1,013,000 after buying an additional 38 shares in the last quarter. JGP Wealth Management LLC increased its holdings in ASML by 4.3% in the third quarter. JGP Wealth Management LLC now owns 636 shares of the semiconductor company’s stock valued at $655,000 after buying an additional 26 shares in the last quarter. Milestone Asset Management LLC purchased a new position in ASML in the third quarter valued at about $214,000. Finally, Founders Financial Securities LLC increased its holdings in ASML by 4.6% in the third quarter. Founders Financial Securities LLC now owns 1,614 shares of the semiconductor company’s stock valued at $1,562,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.