Barclays Reiterates Buy Rating for ASML (NASDAQ:ASML)

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

ASML has been the subject of several other research reports. JPMorgan Chase & Co. increased their target price on shares of ASML from $1,813.00 to $2,200.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Morgan Stanley restated an “overweight” rating on shares of ASML in a report on Wednesday, June 3rd. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a report on Thursday, June 11th. Royal Bank Of Canada boosted their price target on 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, Berenberg Bank reiterated a “buy” rating on shares of ASML in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and an average target price of $1,772.62.

ASML Stock Down 0.5%

Shares of ASML stock traded down $8.48 on Monday, hitting $1,786.14. The company had a trading volume of 241,825 shares, compared to its average volume of 1,862,031. The stock has a 50-day moving average of $1,628.47 and a 200-day moving average of $1,426.33. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. ASML has a twelve month low of $683.48 and a twelve month high of $1,959.04. The firm has a market capitalization of $702.45 billion, a P/E ratio of 64.20, a P/E/G ratio of 1.36 and a beta of 1.82.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The business had revenue of $10.15 billion for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. Research analysts predict that ASML will post 36.69 earnings per share for the current year.

Hedge Funds Weigh In On ASML

A number of large investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its stake in ASML by 195.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock valued at $1,652,618,000 after acquiring an additional 1,022,532 shares during the last quarter. Capital International Investors increased its stake in shares of ASML by 17.3% in the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock valued at $3,791,982,000 after purchasing an additional 577,448 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of ASML by 75.6% during the 3rd quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock worth $765,632,000 after buying an additional 340,518 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of ASML by 16.6% during the 3rd quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock worth $2,079,948,000 after buying an additional 305,435 shares during the last quarter. Finally, BlueSpruce Investments LP raised its stake in ASML by 18,861.1% during the third quarter. BlueSpruce Investments LP now owns 244,977 shares of the semiconductor company’s stock worth $237,160,000 after acquiring an additional 243,685 shares in the last quarter. 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.