ASML (NASDAQ:ASML) Earns Outperform Rating from Analysts at BNP Paribas

Research analysts at BNP Paribas began coverage on shares of ASML (NASDAQ:ASML) in a report released on Tuesday. The brokerage set an “outperform” rating and a $858.00 price target on the semiconductor company’s stock. BNP Paribas’ price target would indicate a potential upside of 20.60% from the stock’s previous close.

A number of other analysts have also recently commented on the company. JPMorgan Chase & Co. dropped their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Wells Fargo & Company dropped their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Finally, Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $943.83.

ASML Trading Up 3.6 %

Shares of ASML traded up $24.86 during mid-day trading on Tuesday, hitting $711.47. 2,325,913 shares of the company’s stock traded hands, compared to its average volume of 1,861,046. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The business’s 50-day moving average price is $732.20 and its 200-day moving average price is $864.88. The firm has a market capitalization of $279.91 billion, a P/E ratio of 37.25, a PEG ratio of 1.99 and a beta of 1.49. ASML has a 1 year low of $645.45 and a 1 year high of $1,110.09.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. As a group, sell-side analysts forecast that ASML will post 20.68 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

Several hedge funds and other institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale boosted its position in ASML by 19.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 237 shares of the semiconductor company’s stock worth $228,000 after purchasing an additional 39 shares in the last quarter. Mather Group LLC. raised its position in shares of ASML by 108.2% during the 2nd quarter. Mather Group LLC. now owns 404 shares of the semiconductor company’s stock worth $392,000 after purchasing an additional 210 shares during the last quarter. CWM LLC raised its holdings in shares of ASML by 3.7% during the second quarter. CWM LLC now owns 1,939 shares of the semiconductor company’s stock valued at $1,983,000 after acquiring an additional 70 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of ASML by 19.4% during the second quarter. Linden Thomas Advisory Services LLC now owns 283 shares of the semiconductor company’s stock worth $289,000 after buying an additional 46 shares during the period. Finally, Lantz Financial LLC acquired a new position in ASML in the 2nd quarter valued at about $216,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

About ASML

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.