Susquehanna Issues Pessimistic Forecast for ASML (NASDAQ:ASML) Stock Price

ASML (NASDAQ:ASML) had its target price dropped by investment analysts at Susquehanna from $1,100.00 to $965.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s target price points to a potential upside of 50.74% from the company’s previous close.

A number of other equities research analysts also recently commented on ASML. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. reduced their target price on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, Wells Fargo & Company increased their price target on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, ASML has an average rating of “Moderate Buy” and an average price target of $906.00.

ASML Stock Performance

Shares of NASDAQ ASML opened at $640.16 on Thursday. ASML has a 1 year low of $578.51 and a 1 year high of $1,110.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. The stock has a fifty day moving average price of $697.51 and a two-hundred day moving average price of $713.47. The firm has a market cap of $251.85 billion, a P/E ratio of 30.78, a PEG ratio of 1.62 and a beta of 1.67.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating analysts’ consensus estimates of $6.12 by $0.19. ASML had a net margin of 26.78% and a return on equity of 47.73%. The company had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $7.90 billion. Research analysts forecast that ASML will post 25.17 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

A number of large investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in ASML by 70,115.5% during the first quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company’s stock valued at $9,282,120,000 after purchasing an additional 1,398,805 shares in the last quarter. Edgewood Management LLC boosted its position in ASML by 43.1% during the fourth quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company’s stock valued at $2,208,615,000 after purchasing an additional 959,696 shares during the last quarter. Amundi grew its stake in ASML by 4,880.5% in the fourth quarter. Amundi now owns 335,284 shares of the semiconductor company’s stock valued at $247,019,000 after purchasing an additional 328,552 shares in the last quarter. Wellington Management Group LLP increased its position in ASML by 53.4% in the 4th quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company’s stock worth $559,494,000 after purchasing an additional 281,156 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of ASML during the 4th quarter worth about $175,257,000. 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.