ASML (NASDAQ:ASML) Given New $2,200.00 Price Target at JPMorgan Chase & Co.

ASML (NASDAQ:ASML) had its price target lifted by JPMorgan Chase & Co. from $1,813.00 to $2,200.00 in a research note released on Wednesday, Marketbeat.com reports. They currently have a buy rating on the semiconductor company’s stock.

Several other equities analysts have also recently issued reports on the company. Susquehanna reissued a “positive” rating on shares of ASML in a report on Thursday, April 9th. Barclays raised ASML to a “buy” rating in a report on Tuesday, May 19th. Citigroup reissued a “buy” rating on shares of ASML in a report on Thursday, April 16th. Sanford C. Bernstein reissued a “buy” rating on shares of ASML in a report on Monday, May 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a report on Thursday, April 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, ASML has an average rating of “Moderate Buy” and an average price target of $1,589.63.

ASML Stock Performance

Shares of ASML opened at $1,726.36 on Wednesday. The stock has a 50-day moving average of $1,478.55 and a two-hundred day moving average of $1,333.83. ASML has a one year low of $683.48 and a one year high of $1,743.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The stock has a market cap of $678.94 billion, a P/E ratio of 61.92, a P/E/G ratio of 1.40 and a beta of 1.82.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The company had revenue of $10.15 billion during the quarter. As a group, research analysts predict that ASML will post 37.1 EPS for the current year.

Hedge Funds Weigh In On ASML

Large investors have recently bought and sold shares of the business. Cornerstone Financial Management LLC acquired a new position in ASML in the 4th quarter worth about $26,000. Portus Wealth Advisors LLC acquired a new position in ASML in the 1st quarter worth about $32,000. Resources Management Corp CT ADV raised its holdings in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 23 shares during the period. North Star Investment Management Corp. raised its holdings in ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 11 shares during the period. Finally, Jessup Wealth Management Inc acquired a new position in ASML in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.