ASML’s (ASML) Neutral Rating Reaffirmed at Jefferies Financial Group

ASML (NASDAQ:ASMLGet Free Report)‘s stock had its “neutral” rating reiterated by equities research analysts at Jefferies Financial Group in a report issued on Tuesday,MarketScreener reports.

Several other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of ASML from $1,275.00 to $1,518.00 and gave the company an “overweight” rating in a report on Wednesday. Erste Group Bank raised ASML from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. Weiss Ratings lowered ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. UBS Group reiterated a “buy” rating on shares of ASML in a report on Thursday, December 11th. Finally, DZ Bank reissued a “neutral” rating on shares of ASML in a research note on Wednesday, October 15th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,392.75.

Check Out Our Latest Stock Report on ASML

ASML Trading Up 5.4%

ASML stock traded up $67.88 during midday trading on Tuesday, reaching $1,331.60. The stock had a trading volume of 2,850,062 shares, compared to its average volume of 2,024,869. The firm has a market cap of $523.70 billion, a price-to-earnings ratio of 54.20, a PEG ratio of 1.88 and a beta of 1.86. ASML has a twelve month low of $578.51 and a twelve month high of $1,358.00. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $1,088.57 and a two-hundred day simple moving average of $935.13.

ASML (NASDAQ:ASMLGet Free Report) last released its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The company had revenue of $8.80 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the prior year, the company posted $5.28 EPS. The company’s revenue was up .7% compared to the same quarter last year. As a group, research analysts expect that ASML will post 25.17 EPS for the current fiscal year.

Institutional Investors Weigh In On ASML

Large investors have recently made changes to their positions in the stock. Capital International Investors raised its holdings in ASML by 17.3% during the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after acquiring an additional 577,448 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of ASML during the 3rd quarter worth approximately $505,510,000. Regents of The University of California acquired a new position in shares of ASML during the 3rd quarter worth approximately $413,335,000. WCM Investment Management LLC raised its stake in shares of ASML by 24.9% during the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after purchasing an additional 385,502 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of ASML by 75.6% in the 3rd quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock valued at $765,632,000 after buying an additional 340,518 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

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About ASML

(Get Free Report)

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.

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