ASML (NASDAQ:ASML) PT Raised to €745.00 at Credit Suisse Group

ASML (NASDAQ:ASMLGet Rating) had its price target lifted by equities researchers at Credit Suisse Group from €732.00 ($754.64) to €745.00 ($768.04) in a research report issued to clients and investors on Monday, The Fly reports. The firm currently has an “outperform” rating on the semiconductor company’s stock.

A number of other brokerages have also weighed in on ASML. StockNews.com initiated coverage on ASML in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft raised ASML from a “hold” rating to a “buy” rating in a report on Wednesday, October 19th. Wells Fargo & Company raised their target price on ASML from $510.00 to $665.00 and gave the stock an “overweight” rating in a report on Monday. Berenberg Bank dropped their target price on ASML from €815.00 ($840.21) to €615.00 ($634.02) and set a “buy” rating on the stock in a report on Friday, October 14th. Finally, New Street Research raised ASML from a “neutral” rating to a “buy” rating in a report on Friday, October 21st. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus price target of $684.15.

ASML Stock Up 3.4 %

Shares of ASML stock opened at $597.47 on Monday. The stock’s 50-day simple moving average is $462.82 and its 200-day simple moving average is $502.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 1.26. The firm has a market capitalization of $244.83 billion, a PE ratio of 35.80, a P/E/G ratio of 1.74 and a beta of 1.36. ASML has a fifty-two week low of $363.15 and a fifty-two week high of $881.12.

Hedge Funds Weigh In On ASML

Hedge funds have recently bought and sold shares of the business. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in ASML during the first quarter worth approximately $39,000. CX Institutional purchased a new position in shares of ASML in the second quarter valued at approximately $28,000. Cedar Wealth Management LLC purchased a new position in shares of ASML in the first quarter valued at approximately $43,000. Valley National Advisers Inc. lifted its position in shares of ASML by 78.4% in the first quarter. Valley National Advisers Inc. now owns 66 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 29 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of ASML in the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 19.04% of the company’s stock.

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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