ASML’s (ASML) Buy Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their buy rating on shares of ASML (NASDAQ:ASMLFree Report) in a report issued on Wednesday morning,MarketScreener reports.

Several other brokerages have also recently issued reports on ASML. Redburn Partners set a $1,200.00 price target on ASML in a research report on Friday, November 7th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a report on Friday, October 10th. Berenberg Bank reissued a “buy” rating on shares of ASML in a report on Thursday, October 16th. New Street Research restated a “neutral” rating on shares of ASML in a research report on Monday, October 6th. Finally, DZ Bank reaffirmed a “neutral” rating on shares of ASML in a research note on Wednesday, October 15th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,407.00.

Read Our Latest Report on ASML

ASML Price Performance

NASDAQ ASML opened at $1,389.04 on Wednesday. ASML has a 12 month low of $578.51 and a 12 month high of $1,398.80. The firm has a market capitalization of $546.28 billion, a PE ratio of 56.53, a P/E/G ratio of 1.90 and a beta of 1.86. The company’s 50 day simple moving average is $1,135.52 and its 200 day simple moving average is $961.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ASML. Capstone Wealth Management Group LLC grew its position in ASML by 5.2% during the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after purchasing an additional 124 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of ASML by 141.1% in the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after buying an additional 4,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of ASML by 153.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock valued at $11,404,000 after buying an additional 10,411 shares in the last quarter. Sivia Capital Partners LLC raised its position in ASML by 1.3% during the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock valued at $936,000 after buying an additional 15 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its stake in ASML by 1.3% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 1,755 shares of the semiconductor company’s stock worth $1,406,000 after acquiring an additional 23 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting ASML

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About ASML

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ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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Analyst Recommendations for ASML (NASDAQ:ASML)

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