ASML (NASDAQ:ASML) Receives Equal Weight Rating from Barclays

Barclays reissued their equal weight rating on shares of ASML (NASDAQ:ASML) in a research note published on Tuesday morning, Marketbeat.com reports.

A number of other equities analysts have also recently issued reports on ASML. Wells Fargo & Company lowered their price objective on shares of ASML from $860.00 to $840.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Citigroup reiterated a “buy” rating on shares of ASML in a research report on Monday, May 19th. Finally, Susquehanna lowered their price objective on shares of ASML from $1,100.00 to $965.00 and set a “positive” rating for the company in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $906.00.

ASML Stock Performance

Shares of ASML stock opened at $747.25 on Tuesday. The company has a 50 day moving average of $689.94 and a 200-day moving average of $709.48. ASML has a 1-year low of $578.51 and a 1-year high of $1,110.09. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The company has a market cap of $293.98 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping 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 company had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $7.90 billion. As a group, equities research analysts forecast that ASML will post 25.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ASML

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASML. GAMMA Investing LLC increased its position in ASML by 70,115.5% in the 1st quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company’s stock valued at $9,282,120,000 after acquiring an additional 1,398,805 shares during the period. Edgewood Management LLC boosted its stake in shares of ASML by 43.1% in the 4th quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company’s stock valued at $2,208,615,000 after purchasing an additional 959,696 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in shares of ASML in the 1st quarter valued at $360,262,000. Invesco Ltd. boosted its stake in shares of ASML by 101.0% in the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock valued at $484,562,000 after purchasing an additional 367,505 shares during the last quarter. Finally, Amundi boosted its stake in shares of ASML by 4,880.5% in the 4th quarter. Amundi now owns 335,284 shares of the semiconductor company’s stock valued at $247,019,000 after purchasing an additional 328,552 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.