ASML (NASDAQ:ASML) had its price target lifted by equities research analysts at B. Riley from $166.00 to $200.00 in a note issued to investors on Wednesday. The firm presently has a “neutral” rating on the semiconductor company’s stock. B. Riley’s price target would suggest a potential upside of 7.31% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $184.00 price target (up from $172.50) on shares of ASML in a report on Thursday, September 21st. Bank of America reiterated a “buy” rating and set a $210.00 price target on shares of ASML in a report on Tuesday, October 3rd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a report on Tuesday, October 3rd. Royal Bank of Canada reiterated a “hold” rating and set a $155.00 price target on shares of ASML in a report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of ASML from a “sell” rating to a “hold” rating and set a $201.00 price target for the company in a report on Tuesday, January 2nd. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $184.57.
Shares of ASML (ASML) traded up $5.51 during midday trading on Wednesday, hitting $186.38. 1,518,900 shares of the stock were exchanged, compared to its average volume of 865,350. The stock has a market capitalization of $86,360.00, a P/E ratio of 32.81, a PEG ratio of 1.25 and a beta of 1.14. ASML has a 1-year low of $114.89 and a 1-year high of $188.50. The company has a current ratio of 2.79, a quick ratio of 1.78 and a debt-to-equity ratio of 0.29.
ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, October 18th. The semiconductor company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.24. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.22 billion. ASML had a net margin of 23.81% and a return on equity of 19.28%. The company’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 earnings per share. analysts expect that ASML will post 5.28 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. M&T Bank Corp grew its holdings in ASML by 8.1% in the second quarter. M&T Bank Corp now owns 2,775 shares of the semiconductor company’s stock valued at $362,000 after purchasing an additional 207 shares during the period. Ameriprise Financial Inc. grew its holdings in ASML by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 69,606 shares of the semiconductor company’s stock valued at $9,070,000 after purchasing an additional 216 shares during the period. Comerica Bank grew its holdings in ASML by 1.1% in the third quarter. Comerica Bank now owns 24,807 shares of the semiconductor company’s stock valued at $4,413,000 after purchasing an additional 274 shares during the period. Advisor Group Inc. grew its holdings in ASML by 11.9% in the second quarter. Advisor Group Inc. now owns 2,960 shares of the semiconductor company’s stock valued at $385,000 after purchasing an additional 315 shares during the period. Finally, Sheets Smith Wealth Management grew its holdings in ASML by 22.1% in the fourth quarter. Sheets Smith Wealth Management now owns 2,280 shares of the semiconductor company’s stock valued at $396,000 after purchasing an additional 412 shares during the period. Hedge funds and other institutional investors own 16.60% of the company’s stock.
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ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.