Berenberg Bank Reaffirms “Buy” Rating for ASML (NASDAQ:ASML)

ASML (NASDAQ:ASMLGet Free Report)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research report issued to clients and investors on Friday,MarketScreener reports.

Several other research analysts have also commented on ASML. Cantor Fitzgerald reissued an “overweight” rating on shares of ASML in a research report on Tuesday, December 16th. Redburn Partners set a $1,200.00 target price on ASML in a report on Friday, November 7th. Wells Fargo & Company boosted their price target on ASML from $1,140.00 to $1,450.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. JPMorgan Chase & Co. restated a “buy” rating on shares of ASML in a report on Wednesday. Finally, Sanford C. Bernstein lifted their price objective on shares of ASML from $1,528.00 to $1,642.00 and gave the company an “outperform” rating in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.00.

View Our Latest Stock Analysis on ASML

ASML Stock Performance

Shares of ASML stock opened at $1,389.04 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The company has a market cap of $546.29 billion, a PE ratio of 56.53, a P/E/G ratio of 1.89 and a beta of 1.86. The company’s fifty day simple moving average is $1,135.52 and its 200-day simple moving average is $962.82. ASML has a 52 week low of $578.51 and a 52 week high of $1,398.80.

Institutional Trading of ASML

A number of hedge funds have recently made changes to their positions in the stock. Sky Investment Group LLC lifted its holdings in ASML by 2.1% during the 4th quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock worth $411,000 after buying an additional 8 shares during the last quarter. BOS Asset Management LLC lifted its stake in ASML by 2.4% during the fourth quarter. BOS Asset Management LLC now owns 377 shares of the semiconductor company’s stock worth $403,000 after purchasing an additional 9 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in ASML by 1.0% during the third quarter. HBK Sorce Advisory LLC now owns 1,057 shares of the semiconductor company’s stock worth $1,067,000 after purchasing an additional 10 shares during the last quarter. Albion Financial Group UT boosted its holdings in ASML by 27.8% in the third quarter. Albion Financial Group UT now owns 46 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 10 shares in the last quarter. Finally, Global Assets Advisory LLC increased its stake in ASML by 2.3% in the third quarter. Global Assets Advisory LLC now owns 452 shares of the semiconductor company’s stock valued at $438,000 after purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML News Summary

Here are the key news stories impacting ASML this week:

About ASML

(Get Free Report)

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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Analyst Recommendations for ASML (NASDAQ:ASML)

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