JPMorgan Chase & Co. Reiterates “Buy” Rating for ASML (NASDAQ:ASML)

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

ASML has been the topic of several other research reports. Weiss Ratings downgraded ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. DZ Bank reaffirmed a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Citigroup reiterated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Berenberg Bank reiterated a “buy” rating on shares of ASML in a report on Friday, May 8th. Finally, Zacks Research cut shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and an average target price of $1,504.38.

ASML Stock Performance

ASML stock traded up $10.38 during mid-day trading on Wednesday, reaching $1,715.75. 655,911 shares of the company traded hands, compared to its average volume of 1,783,345. ASML has a fifty-two week low of $683.48 and a fifty-two week high of $1,729.67. The firm’s fifty day moving average is $1,463.66 and its two-hundred day moving average is $1,324.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The company has a market capitalization of $674.77 billion, a price-to-earnings ratio of 61.54, a price-to-earnings-growth ratio of 1.34 and a beta of 1.82.

ASML (NASDAQ:ASML) last announced its quarterly earnings data 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 firm had revenue of $10.15 billion for the quarter. On average, equities research analysts expect that ASML will post 37.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Cornerstone Financial Management LLC acquired a new stake in shares of ASML during the 4th quarter worth approximately $26,000. Binnacle Investments Inc boosted its holdings in ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares in the last quarter. Resources Management Corp CT ADV boosted its holdings in ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after buying an additional 23 shares in the last quarter. North Star Investment Management Corp. grew its position in ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 11 shares during the period. Finally, Jessup Wealth Management Inc purchased a new position in ASML in the fourth quarter valued at $30,000. 26.07% of the stock is owned by institutional investors and hedge funds.

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.