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

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reiterated by analysts at The Goldman Sachs Group in a research note issued on Wednesday,MarketScreener reports.

A number of other research analysts have also recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Wall Street Zen downgraded shares of ASML from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a report on Thursday, April 16th. Grupo Santander downgraded ASML to an “underperform” rating in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML in a research report on Monday, April 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,504.38.

ASML Stock Up 0.7%

Shares of NASDAQ ASML traded up $11.12 during mid-day trading on Wednesday, hitting $1,532.06. 378,980 shares of the stock traded hands, compared to its average volume of 1,831,699. The company has a market cap of $602.53 billion, a price-to-earnings ratio of 54.93, a PEG ratio of 1.28 and a beta of 1.81. The stock has a fifty day moving average price of $1,405.10 and a 200-day moving average price of $1,271.69. ASML has a 52 week low of $683.48 and a 52 week high of $1,595.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36.

ASML (NASDAQ:ASML) last posted its quarterly earnings data 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 during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. Research analysts anticipate that ASML will post 37.08 EPS for the current year.

Hedge Funds Weigh In On ASML

A number of hedge funds have recently added to or reduced their stakes in ASML. Fisher Asset Management LLC lifted its holdings in shares of ASML by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock valued at $4,798,268,000 after purchasing an additional 132,353 shares in the last quarter. Capital International Investors raised its position in ASML by 17.3% in the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after buying an additional 577,448 shares during the last quarter. Van ECK Associates Corp raised its position in ASML by 16.6% in the 3rd quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock worth $2,079,948,000 after buying an additional 305,435 shares during the last quarter. WCM Investment Management LLC lifted its stake in ASML by 24.9% during the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock valued at $1,861,445,000 after acquiring an additional 385,502 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of ASML by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock valued at $1,805,733,000 after acquiring an additional 142,763 shares during the last quarter. 26.07% of the stock is currently 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.