ASML (NASDAQ:ASML) Earns Buy Rating from UBS Group

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reaffirmed by equities research analysts at UBS Group in a research note issued to investors on Wednesday,MarketScreener reports.

A number of other equities analysts have also recently issued reports on the company. Berenberg Bank reissued a “buy” rating on shares of ASML in a report on Friday, May 8th. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a report on Monday, June 1st. Morningstar lowered shares of ASML to a “sell” rating in a report on Wednesday, May 27th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research report on Thursday, June 11th. Finally, Citigroup restated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,772.62.

ASML Price Performance

Shares of NASDAQ:ASML traded down $81.63 during midday trading on Wednesday, reaching $1,907.81. 524,497 shares of the company’s stock were exchanged, compared to its average volume of 1,869,211. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The company’s 50 day simple moving average is $1,648.51 and its two-hundred day simple moving average is $1,437.89. ASML has a 12 month low of $683.48 and a 12 month high of $1,999.96. The firm has a market capitalization of $750.31 billion, a PE ratio of 68.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.82.

ASML (NASDAQ:ASML) last posted its 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 business had revenue of $10.15 billion for the quarter. Equities research analysts expect that ASML will post 36.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ASML

A number of institutional investors have recently modified their holdings of the stock. Global Wealth Strategies & Associates raised its position in ASML by 2,560.0% in the 2nd quarter. Global Wealth Strategies & Associates now owns 133 shares of the semiconductor company’s stock worth $265,000 after purchasing an additional 128 shares during the last quarter. VectorGlobal IAG Inc. bought a new position in ASML in the 1st quarter valued at $12,460,000. Sapient Capital LLC increased its stake in shares of ASML by 66.1% in the 1st quarter. Sapient Capital LLC now owns 543 shares of the semiconductor company’s stock valued at $717,000 after buying an additional 216 shares during the period. Western Wealth Management LLC increased its stake in shares of ASML by 53.7% in the 1st quarter. Western Wealth Management LLC now owns 916 shares of the semiconductor company’s stock valued at $1,209,000 after buying an additional 320 shares during the period. Finally, Militia Capital Management LLC bought a new stake in shares of ASML during the first quarter worth $756,000. 26.07% of the stock is owned by institutional investors.

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.