ASML’s (ASML) Buy Rating Reiterated at JPMorgan Chase & Co.

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday,MarketScreener reports.

A number of other research analysts have also weighed in on the company. TD Cowen reissued a “buy” rating on shares of ASML in a report on Wednesday, January 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research report on Wednesday. Grupo Santander downgraded shares of ASML to an “underperform” rating in a report on Thursday, January 22nd. Royal Bank Of Canada raised their price target on shares of ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Finally, KGI Securities set a $1,415.00 price objective on shares of ASML and gave the company an “outperform” rating in a report on Thursday, January 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $1,504.38.

ASML Stock Performance

Shares of NASDAQ ASML traded down $72.27 during midday trading on Friday, reaching $1,512.24. The company had a trading volume of 659,925 shares, compared to its average volume of 1,827,954. ASML has a 1 year low of $683.48 and a 1 year high of $1,603.49. The business’s 50-day simple moving average is $1,412.73 and its 200 day simple moving average is $1,279.41. 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 stock has a market cap of $594.73 billion, a P/E ratio of 54.29, a P/E/G ratio of 1.30 and a beta of 1.81.

ASML (NASDAQ:ASML) last released its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The firm had revenue of $10.15 billion for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. On average, analysts forecast that ASML will post 37.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ASML

Several hedge funds have recently bought and sold shares of the stock. Cornerstone Financial Management LLC purchased a new stake in ASML during the fourth quarter worth $26,000. Portus Wealth Advisors LLC acquired a new position in shares of ASML in the first quarter worth about $32,000. Resources Management Corp CT ADV raised its position in shares of ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares during the period. Manning & Napier Advisors LLC purchased a new stake in shares of ASML during the 3rd quarter worth about $25,000. Finally, North Star Investment Management Corp. grew its position in shares of ASML by 68.8% during the 4th 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 during the period. Hedge funds and other institutional investors 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.