Wells Fargo & Company Boosts ASML (NASDAQ:ASML) Price Target to $890.00

ASML (NASDAQ:ASML - Free Report) had its price target increased by Wells Fargo & Company from $840.00 to $890.00 in a report released on Tuesday,Benzinga reports. They currently have an overweight rating on the semiconductor company's stock.

ASML has been the topic of several other reports. Jefferies Financial Group lowered ASML from a "buy" rating to a "hold" rating in a research report on Thursday, June 26th. Citigroup reaffirmed a "buy" rating on shares of ASML in a research report on Monday, May 19th. Sanford C. Bernstein assumed coverage on shares of ASML in a research report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 target price on the stock. Susquehanna reduced their target price on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Finally, Barclays reaffirmed an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $923.80.

ASML Price Performance

ASML stock traded up $9.01 during mid-day trading on Tuesday, hitting $794.10. 1,327,135 shares of the company traded hands, compared to its average volume of 1,707,996. ASML has a one year low of $578.51 and a one year high of $1,110.09. The stock has a market cap of $312.41 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 1.66 and a beta of 1.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.52. The stock has a fifty day moving average price of $751.79 and a 200-day moving average price of $723.39.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating the consensus estimate of $6.12 by $0.19. ASML had a return on equity of 51.82% and a net margin of 28.32%. The business had revenue of $8.77 billion for the quarter, compared to analysts' expectations of $7.90 billion. On average, equities analysts predict that ASML will post 25.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ASML

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC raised its position in shares of ASML by 12.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 402 shares of the semiconductor company's stock valued at $266,000 after buying an additional 44 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of ASML by 12.7% during the first quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company's stock valued at $5,571,000 after purchasing an additional 947 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of ASML by 1.6% during the first quarter. Sequoia Financial Advisors LLC now owns 3,478 shares of the semiconductor company's stock valued at $2,304,000 after purchasing an additional 55 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of ASML by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company's stock valued at $22,806,000 after purchasing an additional 763 shares during the period. Finally, Novo Holdings A S lifted its stake in ASML by 24.4% in the fourth quarter. Novo Holdings A S now owns 165,836 shares of the semiconductor company's stock worth $114,938,000 after acquiring an additional 32,500 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

About ASML

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.