ASML Holding N.V. (NASDAQ:ASML) Receives $913.80 Average Target Price from Brokerages

Shares of ASML Holding N.V. (NASDAQ:ASML) have been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $913.80.

Several analysts have issued reports on ASML shares. Barclays restated an “equal weight” rating on shares of ASML in a research report on Tuesday, June 3rd. Susquehanna decreased their price target 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. Jefferies Financial Group lowered shares of ASML from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company decreased their price target on shares of ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Finally, Citigroup restated a “buy” rating on shares of ASML in a research report on Monday, May 19th.

Hedge Funds Weigh In On ASML

Hedge funds have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC raised its stake in shares of ASML by 12.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 402 shares of the semiconductor company’s stock valued at $266,000 after buying an additional 44 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of ASML by 12.7% in the 1st quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company’s stock worth $5,571,000 after purchasing an additional 947 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of ASML by 2.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company’s stock worth $22,806,000 after purchasing an additional 763 shares during the last quarter. Novo Holdings A S grew its holdings in shares of ASML by 24.4% in the 4th quarter. Novo Holdings A S now owns 165,836 shares of the semiconductor company’s stock worth $114,938,000 after purchasing an additional 32,500 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its holdings in shares of ASML by 26.3% in the 4th quarter. Johnson Investment Counsel Inc. now owns 82,646 shares of the semiconductor company’s stock worth $57,280,000 after purchasing an additional 17,187 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Price Performance

Shares of ASML stock opened at $795.95 on Wednesday. The firm has a fifty day simple moving average of $735.42 and a 200-day simple moving average of $720.13. The company has a current ratio of 1.52, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. ASML has a 1-year low of $578.51 and a 1-year high of $1,110.09. The stock has a market capitalization of $313.14 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 1.55 and a beta of 1.74.

ASML (NASDAQ:ASML) last issued its quarterly earnings data 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 28.32% and a return on equity of 51.82%. The business had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $7.90 billion. On average, sell-side analysts expect that ASML will post 25.17 earnings per share for the current 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.