JPMorgan Chase & Co. Trims ASML (NASDAQ:ASML) Target Price to $1,148.00

ASML (NASDAQ:ASML) had its price target cut by stock analysts at JPMorgan Chase & Co. from $1,207.00 to $1,148.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 68.46% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Susquehanna dropped their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Finally, Wells Fargo & Company cut their price objective on ASML from $1,185.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,060.00.

ASML Stock Performance

NASDAQ:ASML traded down $2.05 during trading hours on Thursday, hitting $681.47. 1,646,608 shares of the company were exchanged, compared to its average volume of 1,337,081. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The company’s 50 day moving average price is $840.70 and its 200-day moving average price is $919.87. ASML has a 52-week low of $573.86 and a 52-week high of $1,110.09. The stock has a market capitalization of $268.90 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 2.08 and a beta of 1.48.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the prior year, the business posted $5.37 earnings per share. ASML’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, research analysts forecast that ASML will post 20.38 earnings per share for the current year.

Institutional Trading of ASML

Large investors have recently made changes to their positions in the business. Resources Management Corp CT ADV bought a new stake in shares of ASML during the second quarter worth $26,000. WD Rutherford LLC acquired a new stake in shares of ASML in the first quarter valued at about $29,000. Triad Wealth Partners LLC bought a new stake in shares of ASML in the 2nd quarter valued at $31,000. First Community Trust NA acquired a new stake in ASML during the second quarter worth approximately $34,000. Finally, POM Investment Strategies LLC acquired a new position in ASML during the second quarter worth $36,000. Institutional investors 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.