ASML (NASDAQ:ASML) Receives Buy Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their buy rating on shares of ASML (NASDAQ:ASML) in a report published on Wednesday,MarketScreener reports.

A number of other analysts also recently issued reports on the company. Bank of America lifted their price target on ASML from $1,092.00 to $1,331.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. DZ Bank restated a “neutral” rating on shares of ASML in a research note on Wednesday, October 15th. Redburn Partners set a $1,200.00 price target on ASML in a report on Friday, November 7th. Citigroup reissued a “buy” rating on shares of ASML in a report on Tuesday. Finally, Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research report on Tuesday, January 13th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average price target of $1,407.00.

ASML Stock Up 1.5%

Shares of ASML traded up $20.54 during midday trading on Wednesday, reaching $1,380.63. The stock had a trading volume of 635,411 shares, compared to its average volume of 2,064,411. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. The company’s fifty day simple moving average is $1,120.37 and its two-hundred day simple moving average is $954.40. The company has a market cap of $542.97 billion, a price-to-earnings ratio of 56.11, a PEG ratio of 1.83 and a beta of 1.86. ASML has a 1-year low of $578.51 and a 1-year high of $1,398.80.

Institutional Trading of ASML

A number of large investors have recently bought and sold shares of ASML. Capstone Wealth Management Group LLC grew its holdings in shares of ASML by 5.2% during the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after buying an additional 124 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of ASML by 141.1% in the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock valued at $4,553,000 after purchasing an additional 4,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of ASML by 153.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock valued at $11,404,000 after purchasing an additional 10,411 shares during the period. Sivia Capital Partners LLC raised its stake in shares of ASML by 1.3% during the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock worth $936,000 after purchasing an additional 15 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in shares of ASML by 1.3% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 1,755 shares of the semiconductor company’s stock worth $1,406,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.