ASML (NASDAQ:ASML) Cut to Underperform at Grupo Santander

ASML (NASDAQ:ASML) was downgraded by stock analysts at Grupo Santander to an “underperform” rating in a research report issued on Thursday,MarketScreener reports.

Other research analysts have also recently issued research reports about the stock. KGI Securities set a $1,415.00 price target on shares of ASML and gave the stock an “outperform” rating in a research note on Thursday, January 15th. UBS Group reiterated a “buy” rating on shares of ASML in a research report on Tuesday. Redburn Partners set a $1,200.00 price target on ASML in a research report on Friday, November 7th. Susquehanna reaffirmed a “positive” rating on shares of ASML in a research report on Monday, January 12th. Finally, Bank of America increased their target price on shares of ASML from $1,092.00 to $1,331.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $1,407.00.

ASML Trading Up 2.3%

ASML stock opened at $1,391.54 on Thursday. ASML has a 52-week low of $578.51 and a 52-week high of $1,392.58. The company has a market cap of $547.27 billion, a P/E ratio of 56.63, a P/E/G ratio of 1.83 and a beta of 1.86. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $1,120.37 and a two-hundred day simple moving average of $954.40.

Institutional Investors Weigh In On ASML

Several institutional investors have recently modified their holdings of the stock. Daymark Wealth Partners LLC boosted its position in shares of ASML by 25.3% during the second quarter. Daymark Wealth Partners LLC now owns 4,664 shares of the semiconductor company’s stock worth $3,738,000 after buying an additional 941 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in ASML by 6.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,899 shares of the semiconductor company’s stock valued at $15,153,000 after acquiring an additional 1,225 shares during the period. Exchange Traded Concepts LLC grew its position in ASML by 30.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 13,919 shares of the semiconductor company’s stock valued at $13,475,000 after acquiring an additional 3,217 shares in the last quarter. ST Germain D J Co. Inc. grew its position in ASML by 3.8% in the 3rd quarter. ST Germain D J Co. Inc. now owns 31,851 shares of the semiconductor company’s stock valued at $30,835,000 after acquiring an additional 1,171 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its stake in ASML by 17.9% during the third quarter. Vontobel Holding Ltd. now owns 53,432 shares of the semiconductor company’s stock worth $51,727,000 after purchasing an additional 8,118 shares during the period. 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.