Bank of America Raises ASML (NASDAQ:ASML) Price Target to $1,331.00

ASML (NASDAQ:ASML) had its price objective upped by investment analysts at Bank of America from $1,092.00 to $1,331.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Bank of America‘s price target would indicate a potential upside of 19.90% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. New Street Research reaffirmed a “neutral” rating on shares of ASML in a research report on Monday, October 6th. UBS Group reaffirmed a “buy” rating on shares of ASML in a report on Tuesday, November 25th. Rothschild Redb raised ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Hsbc Global Res raised ASML to a “strong-buy” rating in a research report on Monday, October 6th. Finally, Zacks Research upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average target price of $1,171.83.

ASML Trading Down 2.7%

NASDAQ:ASML opened at $1,110.08 on Wednesday. The company’s 50 day moving average is $1,025.81 and its 200-day moving average is $860.55. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. ASML has a 12 month low of $578.51 and a 12 month high of $1,141.72. The firm has a market cap of $436.57 billion, a price-to-earnings ratio of 45.18, a P/E/G ratio of 1.88 and a beta of 1.87.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The business had revenue of $8.80 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the prior year, the firm earned $5.28 EPS. ASML’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts anticipate that ASML will post 25.17 EPS for the current year.

Hedge Funds Weigh In On ASML

Hedge funds have recently made changes to their positions in the business. Severin Investments LLC lifted its holdings in shares of ASML by 5.8% during the 3rd quarter. Severin Investments LLC now owns 688 shares of the semiconductor company’s stock worth $666,000 after acquiring an additional 38 shares during the period. Allworth Financial LP raised its position in ASML by 4.3% in the third quarter. Allworth Financial LP now owns 3,281 shares of the semiconductor company’s stock worth $3,176,000 after purchasing an additional 134 shares in the last quarter. IFP Advisors Inc raised its position in ASML by 25.6% in the third quarter. IFP Advisors Inc now owns 2,096 shares of the semiconductor company’s stock worth $2,029,000 after purchasing an additional 427 shares in the last quarter. Tevis Investment Management lifted its stake in ASML by 0.8% during the third quarter. Tevis Investment Management now owns 2,132 shares of the semiconductor company’s stock worth $2,064,000 after purchasing an additional 17 shares during the period. Finally, Investment Research Partners LLC acquired a new stake in ASML during the third quarter valued at approximately $716,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.