ASML’s (ASML) Buy Rating Reiterated at Sanford C. Bernstein

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reissued by equities research analysts at Sanford C. Bernstein in a report released on Monday,MarketScreener reports.

ASML has been the topic of a number of other reports. DZ Bank reiterated a “neutral” rating on shares of ASML in a research note on Wednesday, April 15th. Morningstar lowered ASML to a “sell” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research note on Thursday. Citigroup reiterated a “buy” rating on shares of ASML in a report on Thursday, April 16th. Finally, Morgan Stanley restated an “overweight” rating on shares of ASML in a research report on Wednesday, June 3rd. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average target price of $1,589.63.

ASML Stock Performance

Shares of NASDAQ:ASML traded up $13.18 on Monday, reaching $1,876.73. 660,348 shares of the company’s stock were exchanged, compared to its average volume of 1,834,273. The company has a market capitalization of $738.08 billion, a price-to-earnings ratio of 67.32, a PEG ratio of 1.49 and a beta of 1.82. ASML has a twelve month low of $683.48 and a twelve month high of $1,907.03. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $1,539.82 and a 200-day moving average of $1,371.98.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The company had revenue of $10.15 billion during the quarter. On average, research analysts predict that ASML will post 36.86 EPS for the current fiscal year.

Institutional Trading of ASML

Several hedge funds have recently bought and sold shares of the business. Cornerstone Financial Management LLC bought a new stake in ASML in the 4th quarter worth about $26,000. Portus Wealth Advisors LLC bought a new position in shares of ASML during the 1st quarter worth approximately $32,000. Resources Management Corp CT ADV boosted its stake in shares of ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after buying an additional 23 shares during the last quarter. North Star Investment Management Corp. grew its holdings in shares of ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc bought a new position in shares of ASML in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Company Profile

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.