Analysts Set ASML Holding (NASDAQ:ASML) Price Target at $906.00

ASML Holding (NASDAQ:ASML) has earned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $906.00.

ASML has been the topic of a number of research analyst reports. Susquehanna cut their target price on shares of ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a research report on Thursday, April 17th. Citigroup restated a “buy” rating on shares of ASML in a research report on Monday, May 19th. Finally, Wells Fargo & Company reduced their price objective on shares of ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th.

Hedge Funds Weigh In On ASML

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kennebec Savings Bank lifted its holdings in ASML by 227.3% in the fourth quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 25 shares during the period. Putney Financial Group LLC raised its holdings in shares of ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 29 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of ASML during the first quarter valued at about $27,000. Wellington Shields & Co. LLC raised its holdings in shares of ASML by 740.0% during the fourth quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 37 shares during the period. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of ASML during the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML stock opened at $746.53 on Friday. ASML has a fifty-two week low of $578.51 and a fifty-two week high of $1,110.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. The firm has a market capitalization of $293.70 billion, a P/E ratio of 35.89, a P/E/G ratio of 1.62 and a beta of 1.75. The company’s 50 day moving average price is $688.80 and its two-hundred day moving average price is $709.22.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating analysts’ consensus estimates of $6.12 by $0.19. ASML had a net margin of 26.78% and a return on equity of 47.73%. The firm had revenue of $8.77 billion for the quarter, compared to analyst estimates of $7.90 billion. On average, equities analysts forecast that ASML will post 25.17 earnings per share for the current fiscal year.

ASML Company Profile

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.