ASML (NASDAQ:ASML) Reaches New 12-Month High on Analyst Upgrade

ASML Holding N.V. (NASDAQ:ASML)’s share price reached a new 52-week high on Monday after Bank of America raised their price target on the stock from $2,268.00 to $2,345.00. Bank of America currently has a buy rating on the stock. ASML traded as high as $1,954.39 and last traded at $1,940.2530, with a volume of 79121 shares traded. The stock had previously closed at $1,929.68.

ASML has been the topic of several other reports. Barclays reissued an “overweight” rating on shares of ASML in a report on Thursday, June 4th. UBS Group reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, May 20th. Wall Street Zen cut shares of ASML from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Wells Fargo & Company increased their price objective on shares of ASML from $1,750.00 to $2,200.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Citigroup restated a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,772.62.

Institutional Investors Weigh In On ASML

Institutional investors have recently modified their holdings of the business. Fisher Asset Management LLC raised its position in ASML by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after buying an additional 132,353 shares during the last quarter. Capital International Investors grew its stake in shares of ASML by 17.3% in the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after acquiring an additional 577,448 shares during the period. Van ECK Associates Corp grew its stake in shares of ASML by 16.6% in the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock worth $2,079,948,000 after acquiring an additional 305,435 shares during the period. Bank of America Corp DE raised its holdings in shares of ASML by 8.3% during the third 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 purchasing an additional 142,763 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in ASML by 6.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock valued at $2,168,227,000 after purchasing an additional 96,860 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Trading Down 0.1%

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The stock’s 50-day moving average is $1,594.98 and its two-hundred day moving average is $1,401.52. The company has a market cap of $757.99 billion, a P/E ratio of 69.16, a P/E/G ratio of 1.55 and a beta of 1.82.

ASML (NASDAQ:ASML) last posted its earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The business had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. As a group, equities research analysts predict that ASML Holding N.V. will post 36.76 earnings per share for the current fiscal year.

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.