ASML (NASDAQ:ASML) Coverage Initiated at StockNews.com

Analysts at StockNews.com assumed coverage on shares of ASML (NASDAQ:ASML – Get Rating) in a research note issued on Thursday. The firm set a “buy” rating on the semiconductor company’s stock.

ASML has been the topic of several other research reports. JPMorgan Chase & Co. raised their price target on ASML from $710.00 to $752.00 and gave the company an “overweight” rating in a report on Thursday, January 26th. Barclays began coverage on ASML in a report on Tuesday, January 17th. They set an “equal weight” rating on the stock. KBC Securities cut ASML from a “buy” rating to a “hold” rating in a report on Thursday, November 24th. Societe Generale raised their target price on ASML from €520.00 ($559.14) to €680.00 ($731.18) in a report on Tuesday, November 22nd. Finally, Sanford C. Bernstein began coverage on ASML in a report on Wednesday, January 18th. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $688.92.

ASML Price Performance

ASML stock opened at $633.69 on Thursday. The business’s 50-day simple moving average is $646.02 and its 200 day simple moving average is $558.35. The stock has a market cap of $250.05 billion, a price-to-earnings ratio of 38.69, a P/E/G ratio of 1.05 and a beta of 1.46. ASML has a 12-month low of $363.15 and a 12-month high of $714.62. The company has a quick ratio of 0.88, a current ratio of 1.28 and a debt-to-equity ratio of 0.40.

Institutional Investors Weigh In On ASML

A number of hedge funds and other institutional investors have recently bought and sold shares of ASML. Mirae Asset Global Investments Co. Ltd. raised its position in ASML by 14.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 229,923 shares of the semiconductor company’s stock valued at $153,573,000 after buying an additional 29,290 shares during the last quarter. Blair William & Co. IL raised its position in ASML by 5.5% in the 1st quarter. Blair William & Co. IL now owns 6,391 shares of the semiconductor company’s stock valued at $4,230,000 after buying an additional 336 shares during the last quarter. Cetera Investment Advisers raised its position in ASML by 13.3% in the 1st quarter. Cetera Investment Advisers now owns 4,266 shares of the semiconductor company’s stock valued at $2,849,000 after buying an additional 502 shares during the last quarter. Moors & Cabot Inc. acquired a new position in shares of ASML during the 1st quarter worth approximately $264,000. Finally, Dakota Wealth Management increased its position in shares of ASML by 35.2% during the 1st quarter. Dakota Wealth Management now owns 426 shares of the semiconductor company’s stock worth $284,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 18.61% of the company’s stock.

ASML Company Profile

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ASML Holding NV engages in the development, production, marketing, sales, upgrading and servicing of advanced semiconductor equipment systems. It includes lithography, metrology and inspection systems. It operates through the following geographical segments: Japan, South Korea, Singapore, Taiwan, Chine, Rest of Asia, Netherlands, Europe, the Middle East and Africa (EMEA), and United States.