ASML (NASDAQ:ASML) Earns “Buy” Rating from Sanford C. Bernstein

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

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company upped their price target on ASML from $1,450.00 to $1,650.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. TD Cowen reissued a “buy” rating on shares of ASML in a research note on Wednesday, January 28th. Weiss Ratings upgraded shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Bank of America raised their target price on shares of ASML from $1,092.00 to $1,331.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research note on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and an average price target of $1,475.00.

ASML Stock Down 2.5%

ASML opened at $1,358.70 on Thursday. ASML has a 52 week low of $578.51 and a 52 week high of $1,547.22. The business has a 50 day moving average price of $1,400.10 and a two-hundred day moving average price of $1,162.75. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. The company has a market cap of $534.35 billion, a PE ratio of 52.54, a P/E/G ratio of 1.35 and a beta of 1.88.

Hedge Funds Weigh In On ASML

A number of large investors have recently made changes to their positions in ASML. Family Capital Management Inc. increased its stake in shares of ASML by 0.8% during the 4th quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock worth $983,000 after purchasing an additional 7 shares in the last quarter. 44 Wealth Management LLC grew its holdings in ASML by 1.1% during the 4th quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock valued at $703,000 after buying an additional 7 shares during the last quarter. Sky Investment Group LLC grew its holdings in ASML by 2.1% during the 4th quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock valued at $411,000 after buying an additional 8 shares during the last quarter. White Lighthouse Investment Management Inc. increased its position in ASML by 2.2% during the fourth quarter. White Lighthouse Investment Management Inc. now owns 365 shares of the semiconductor company’s stock worth $390,000 after buying an additional 8 shares in the last quarter. Finally, Main Management ETF Advisors LLC raised its holdings in shares of ASML by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 783 shares of the semiconductor company’s stock worth $838,000 after acquiring an additional 8 shares during the last quarter. Hedge funds and other institutional investors 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.