ASML (NASDAQ:ASML) had its target price raised by investment analysts at JPMorgan Chase & Co. from $260.00 to $310.00 in a report issued on Wednesday, BenzingaRatingsTable reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 13.20% from the stock’s previous close.
ASML has been the topic of several other research reports. Kepler Capital Markets lowered shares of ASML from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Cheuvreux cut shares of ASML from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Royal Bank of Canada reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, October 16th. BidaskClub upgraded shares of ASML from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 7th. Finally, Zacks Investment Research cut shares of ASML from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $258.75.
NASDAQ:ASML opened at $273.84 on Wednesday. ASML has a 1-year low of $144.50 and a 1-year high of $276.23. The business’s 50-day moving average price is $266.79 and its two-hundred day moving average price is $230.97. The company has a current ratio of 2.72, a quick ratio of 1.62 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $113.97 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.85 and a beta of 1.25.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASML. Investec Asset Management LTD boosted its holdings in shares of ASML by 2,442.3% in the second quarter. Investec Asset Management LTD now owns 648,507 shares of the semiconductor company’s stock valued at $5,304,000 after buying an additional 622,998 shares during the period. State Street Corp raised its stake in shares of ASML by 1,571.6% in the 3rd quarter. State Street Corp now owns 420,262 shares of the semiconductor company’s stock valued at $104,409,000 after purchasing an additional 395,121 shares during the period. WCM Investment Management LLC lifted its holdings in shares of ASML by 5.6% in the third quarter. WCM Investment Management LLC now owns 3,365,955 shares of the semiconductor company’s stock valued at $836,170,000 after purchasing an additional 179,937 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of ASML by 11.2% in the second quarter. Bank of America Corp DE now owns 1,337,551 shares of the semiconductor company’s stock valued at $278,117,000 after purchasing an additional 134,431 shares in the last quarter. Finally, Invesco Ltd. raised its position in ASML by 8.5% in the 2nd quarter. Invesco Ltd. now owns 1,628,558 shares of the semiconductor company’s stock valued at $338,626,000 after buying an additional 127,111 shares during the last quarter. 17.03% of the stock is currently owned by institutional investors.
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.
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