ASML (NASDAQ:ASML) Given New €960.00 Price Target at Credit Suisse Group

ASML (NASDAQ:ASMLGet Rating) had its target price hoisted by research analysts at Credit Suisse Group from €945.00 ($1,016.13) to €960.00 ($1,032.26) in a report released on Thursday, The Fly reports. The brokerage presently has an “outperform” rating on the semiconductor company’s stock.

A number of other equities research analysts have also commented on the company. Jefferies Financial Group began coverage on ASML in a research report on Thursday, February 17th. They issued a “buy” rating on the stock. StockNews.com assumed coverage on ASML in a research report on Thursday, March 31st. They set a “hold” rating on the stock. The Goldman Sachs Group upgraded ASML from a “buy” rating to a “conviction-buy” rating and set a $930.00 target price on the stock in a research report on Thursday, March 17th. Zacks Investment Research lowered ASML from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Wells Fargo & Company cut their target price on ASML from $975.00 to $750.00 and set an “overweight” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $875.00.

ASML stock traded down $15.32 during midday trading on Thursday, reaching $618.59. 53,566 shares of the stock were exchanged, compared to its average volume of 1,208,366. The stock has a market capitalization of $253.48 billion, a PE ratio of 36.54, a P/E/G ratio of 1.87 and a beta of 1.16. ASML has a 52 week low of $558.77 and a 52 week high of $895.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.48 and a quick ratio of 1.06. The company has a fifty day moving average price of $639.62 and a 200 day moving average price of $722.31.

ASML (NASDAQ:ASMLGet Rating) last issued its quarterly earnings data on Tuesday, April 19th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.16. The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.48 billion. ASML had a return on equity of 49.05% and a net margin of 31.55%. ASML’s quarterly revenue was down 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.86 EPS. As a group, analysts anticipate that ASML will post 19.22 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Marcum Wealth LLC grew its holdings in shares of ASML by 3.6% in the fourth quarter. Marcum Wealth LLC now owns 433 shares of the semiconductor company’s stock valued at $345,000 after acquiring an additional 15 shares in the last quarter. Ancora Advisors LLC grew its holdings in shares of ASML by 51.6% in the third quarter. Ancora Advisors LLC now owns 47 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 16 shares in the last quarter. Front Row Advisors LLC grew its holdings in shares of ASML by 0.3% in the third quarter. Front Row Advisors LLC now owns 6,465 shares of the semiconductor company’s stock valued at $4,817,000 after acquiring an additional 17 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of ASML by 1.1% in the fourth quarter. D.A. Davidson & CO. now owns 1,539 shares of the semiconductor company’s stock valued at $1,228,000 after acquiring an additional 17 shares in the last quarter. Finally, Evoke Wealth LLC grew its holdings in shares of ASML by 4.7% in the fourth quarter. Evoke Wealth LLC now owns 381 shares of the semiconductor company’s stock valued at $303,000 after acquiring an additional 17 shares in the last quarter. 25.89% of the stock is owned by institutional investors.

ASML Company Profile (Get Rating)

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. The company 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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