ASML (NASDAQ:ASML) Upgraded at DZ Bank

ASML (NASDAQ:ASML) was upgraded by DZ Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday,Briefing.com Automated Import reports.

A number of other research analysts have also recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective 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. Susquehanna lowered their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. BNP Paribas initiated coverage on shares of ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective for the company. Sanford C. Bernstein lowered their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Finally, Wells Fargo & Company increased their price target on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $946.60.

ASML Stock Up 4.3 %

ASML stock opened at $712.65 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. ASML has a 1-year low of $645.45 and a 1-year high of $1,110.09. The stock has a market capitalization of $280.37 billion, a P/E ratio of 37.31, a P/E/G ratio of 2.39 and a beta of 1.47. The business has a fifty day moving average price of $715.62 and a 200-day moving average price of $778.53.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a net margin of 26.40% and a return on equity of 47.61%. Equities analysts forecast that ASML will post 20.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Carnegie Investment Counsel raised its stake in ASML by 68.9% during the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock valued at $1,475,000 after purchasing an additional 868 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of ASML during the 4th quarter valued at about $1,174,000. Taurus Asset Management LLC purchased a new stake in shares of ASML during the 3rd quarter valued at about $16,994,000. State Street Corp lifted its holdings in shares of ASML by 5.2% in the 3rd quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock valued at $117,323,000 after acquiring an additional 7,010 shares during the last quarter. Finally, Stockman Wealth Management Inc. increased its stake in ASML by 7.2% during the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after acquiring an additional 1,032 shares during the last quarter. Institutional investors 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.