ASML’s (ASML) “Buy” Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reiterated their buy rating on shares of ASML (NASDAQ:ASML) in a research note released on Wednesday,MarketScreener reports.

Other equities analysts also recently issued reports about the company. Zacks Research downgraded ASML from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Sanford C. Bernstein reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, April 23rd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML in a research report on Monday, April 13th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research report on Friday, May 8th. Finally, Santander lowered shares of ASML from a “neutral” rating to an “underperform” rating in a report on Thursday, January 22nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,504.38.

ASML Stock Performance

Shares of ASML stock opened at $1,501.81 on Wednesday. The business’s fifty day simple moving average is $1,414.78 and its 200-day simple moving average is $1,280.97. The company has a market cap of $590.63 billion, a PE ratio of 53.87, a PEG ratio of 1.30 and a beta of 1.81. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. ASML has a 12-month low of $683.48 and a 12-month high of $1,603.49.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The business had revenue of $10.15 billion for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. Analysts expect that ASML will post 37.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ASML

Several hedge funds have recently added to or reduced their stakes in the business. Cornerstone Financial Management LLC purchased a new stake in shares of ASML during the 4th quarter worth about $26,000. Portus Wealth Advisors LLC purchased a new stake in shares of ASML during the 1st quarter worth about $32,000. Resources Management Corp CT ADV boosted its stake in shares of ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of ASML during the 3rd quarter worth about $25,000. Finally, North Star Investment Management Corp. boosted its stake in shares of ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 11 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

About ASML

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.