ASML (NASDAQ:ASML) Earns Buy Rating from JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. reiterated a Buy rating on ASML's stock in its latest report.
• Analyst consensus is a Moderate Buy with an average price target of $1,482.50 (2 Strong Buy, 21 Buy, 6 Hold, 2 Sell).
• ASML opened at $1,464.87, has a market cap of $576.1B and trades at a P/E of 56.72, with a 12‑month range of $614.06–$1,547.22.

ASML (NASDAQ:ASML - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at JPMorgan Chase & Co. in a report released on Monday,MarketScreener reports.

Several other research analysts have also commented on ASML. KGI Securities set a $1,415.00 price target on ASML and gave the stock an "outperform" rating in a research report on Thursday, January 15th. Barclays reiterated a "buy" rating on shares of ASML in a research note on Wednesday, April 1st. Weiss Ratings upgraded ASML from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, February 26th. Citigroup reiterated a "buy" rating on shares of ASML in a research note on Tuesday, January 20th. Finally, Wells Fargo & Company boosted their price target on ASML from $1,450.00 to $1,650.00 and gave the company an "overweight" rating in a research note on Thursday, January 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,482.50.

ASML Trading Down 0.9%

ASML opened at $1,464.87 on Monday. The firm has a market cap of $576.10 billion, a price-to-earnings ratio of 56.72, a PEG ratio of 1.60 and a beta of 1.88. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. ASML has a 12 month low of $614.06 and a 12 month high of $1,547.22. The stock has a fifty day moving average price of $1,389.53 and a 200-day moving average price of $1,204.75.

Hedge Funds Weigh In On ASML

A number of large investors have recently bought and sold shares of the business. Telos Capital Management Inc. boosted its stake in shares of ASML by 4.5% in the third quarter. Telos Capital Management Inc. now owns 10,850 shares of the semiconductor company's stock worth $10,504,000 after acquiring an additional 463 shares during the last quarter. Regents of The University of California acquired a new stake in shares of ASML in the third quarter worth approximately $413,335,000. Dimensional Fund Advisors LP boosted its stake in shares of ASML by 4.1% in the third quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company's stock worth $959,180,000 after acquiring an additional 38,660 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of ASML in the third quarter worth approximately $680,000. Finally, Principal Financial Group Inc. boosted its stake in shares of ASML by 34.5% in the third quarter. Principal Financial Group Inc. now owns 15,583 shares of the semiconductor company's stock worth $15,086,000 after acquiring an additional 4,001 shares during the last quarter. Institutional investors and hedge funds 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.

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