ASML (NASDAQ:ASML) Price Target Raised to $2,400.00

ASML (NASDAQ:ASMLGet Free Report) had its target price raised by investment analysts at JPMorgan Chase & Co. from $2,200.00 to $2,400.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 33.59% from the stock’s current price.

A number of other analysts have also recently issued reports on the company. Wall Street Zen cut ASML from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Bank of America increased their price objective on shares of ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Wells Fargo & Company increased their price target on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Citigroup restated a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,970.33.

View Our Latest Analysis on ASML

ASML Stock Performance

Shares of NASDAQ:ASML traded down $18.67 on Thursday, hitting $1,796.60. 1,491,376 shares of the company were exchanged, compared to its average volume of 1,897,906. The company’s 50 day moving average price is $1,723.52 and its two-hundred day moving average price is $1,493.66. The firm has a market capitalization of $706.57 billion, a price-to-earnings ratio of 64.45, a PEG ratio of 1.35 and a beta of 1.78. 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 has a one year low of $683.48 and a one year high of $1,999.96.

ASML (NASDAQ:ASMLGet Free Report) last released its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The business had revenue of $10.15 billion for the quarter. Research analysts expect that ASML will post 36.62 earnings per share for the current year.

Institutional Trading of ASML

Large investors have recently made changes to their positions in the business. Baron Wealth Management LLC increased its holdings in shares of ASML by 1.8% in the second quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company’s stock valued at $662,000 after purchasing an additional 6 shares during the last quarter. Whitener Capital Management Inc. increased its holdings in shares of ASML by 2.8% during the 2nd quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company’s stock worth $434,000 after buying an additional 6 shares during the last quarter. Family Capital Management Inc. lifted its stake in shares of ASML by 0.8% in the 4th quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock valued at $983,000 after purchasing an additional 7 shares during the last quarter. 44 Wealth Management LLC boosted its stake in ASML by 1.1% during the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock worth $703,000 after buying an additional 7 shares during the period. Finally, Evolution Wealth Management Inc. lifted its stake in ASML by 22.6% during the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 7 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Key Headlines Impacting ASML

Here are the key news stories impacting ASML this week:

ASML Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for ASML (NASDAQ:ASML)

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