JPMorgan Chase & Co. Reaffirms Buy Rating for ASML (NASDAQ:ASML)

Key Points

• JPMorgan Chase & Co. has reaffirmed a "buy" rating for ASML, indicating positive sentiment among analysts regarding the stock's potential.
• ASML's current average price target is $1,001.60, with a consensus rating of "Moderate Buy" based on various analyst evaluations.
• ASML's stock has experienced fluctuations, opening at $983.18 recently, with a 52-week range between $578.51 and $1,059.00.

ASML (NASDAQ:ASML - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at JPMorgan Chase & Co. in a research note issued on Wednesday,MarketScreener reports.

Several other research analysts also recently commented on the company. New Street Research restated a "neutral" rating on shares of ASML in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ASML in a report on Tuesday, September 30th. Susquehanna upped their price objective on shares of ASML from $965.00 to $1,150.00 and gave the stock a "positive" rating in a research note on Friday. Sanford C. Bernstein reissued a "market perform" rating and set a $935.00 target price on shares of ASML in a research report on Thursday, October 9th. Finally, DZ Bank reaffirmed a "neutral" rating on shares of ASML in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, ASML presently has an average rating of "Moderate Buy" and an average price target of $1,001.60.

ASML Stock Down 0.2%

NASDAQ ASML opened at $983.18 on Wednesday. ASML has a 52 week low of $578.51 and a 52 week high of $1,059.00. The firm has a market capitalization of $386.67 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 1.66 and a beta of 1.87. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $845.63 and a two-hundred day moving average of $766.66.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 EPS for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). The firm had revenue of $8.94 billion for the quarter, compared to analysts' expectations of $8.72 billion. ASML had a return on equity of 49.47% and a net margin of 26.95%.ASML's revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm posted $4.01 earnings per share. On average, analysts predict that ASML will post 25.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vontobel Holding Ltd. increased its position in shares of ASML by 17.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 53,432 shares of the semiconductor company's stock valued at $51,727,000 after acquiring an additional 8,118 shares during the period. OLD National Bancorp IN grew its stake in ASML by 28.7% during the 3rd quarter. OLD National Bancorp IN now owns 6,150 shares of the semiconductor company's stock valued at $5,954,000 after purchasing an additional 1,372 shares during the last quarter. Trust Co. of Vermont increased its holdings in shares of ASML by 47.2% in the third quarter. Trust Co. of Vermont now owns 53 shares of the semiconductor company's stock valued at $51,000 after purchasing an additional 17 shares during the period. Farther Finance Advisors LLC raised its stake in shares of ASML by 26.6% in the third quarter. Farther Finance Advisors LLC now owns 5,683 shares of the semiconductor company's stock worth $5,501,000 after purchasing an additional 1,193 shares during the last quarter. Finally, Euro Pacific Asset Management LLC purchased a new position in shares of ASML in the third quarter worth about $424,000. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.

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