Evercore ISI Initiates Coverage on ASML (NASDAQ:ASML)

Stock analysts at Evercore ISI started coverage on shares of ASML (NASDAQ:ASML) in a research note issued on Tuesday, MarketBeat.com reports. The brokerage set an “outperform” rating on the semiconductor company’s stock.

Several other analysts also recently commented on ASML. Raymond James lifted their target price on shares of ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. Sanford C. Bernstein reduced their target price on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Redburn Atlantic raised shares of ASML from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. HSBC initiated coverage on shares of ASML in a report on Thursday, February 22nd. They set a “buy” rating for the company. Finally, Cantor Fitzgerald began coverage on shares of ASML in a report on Tuesday, January 23rd. They set an “overweight” rating for the company. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,036.00.

ASML Stock Down 7.1 %

Shares of ASML stock opened at $907.61 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. ASML has a 1 year low of $563.99 and a 1 year high of $1,056.34. The firm’s fifty day moving average price is $960.66 and its two-hundred day moving average price is $791.11. The firm has a market capitalization of $358.13 billion, a P/E ratio of 42.19, a PEG ratio of 2.30 and a beta of 1.48.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. ASML had a net margin of 28.44% and a return on equity of 68.32%. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.34 billion. On average, equities analysts predict that ASML will post 20.46 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

Several hedge funds and other institutional investors have recently made changes to their positions in the company. First PREMIER Bank increased its position in ASML by 4.2% during the 1st quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock worth $265,000 after purchasing an additional 11 shares in the last quarter. Investment Partners LTD. increased its position in ASML by 1.2% during the 1st quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock worth $871,000 after purchasing an additional 11 shares in the last quarter. Toth Financial Advisory Corp increased its position in ASML by 11.5% during the 4th quarter. Toth Financial Advisory Corp now owns 126 shares of the semiconductor company’s stock worth $95,000 after purchasing an additional 13 shares in the last quarter. Slow Capital Inc. increased its position in ASML by 0.3% during the 4th quarter. Slow Capital Inc. now owns 4,407 shares of the semiconductor company’s stock worth $3,336,000 after purchasing an additional 13 shares in the last quarter. Finally, Venture Visionary Partners LLC increased its position in ASML by 2.5% during the 4th quarter. Venture Visionary Partners LLC now owns 541 shares of the semiconductor company’s stock worth $409,000 after purchasing an additional 13 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.