JPMorgan Chase & Co. Lowers ASML (NASDAQ:ASML) Price Target to $1,100.00

ASML (NASDAQ:ASML) had its price target reduced by research analysts at JPMorgan Chase & Co. from $1,148.00 to $1,100.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 50.39% from the company’s previous close.

A number of other equities research analysts have also commented on ASML. Wells Fargo & Company raised their price objective on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. BNP Paribas initiated coverage on shares of ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price for the company. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Sanford C. Bernstein lowered their target price on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus price target of $937.00.

ASML Trading Up 2.6 %

Shares of ASML stock traded up $18.80 on Thursday, reaching $731.45. 771,010 shares of the company were exchanged, compared to its average volume of 1,963,141. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. ASML has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. The firm has a market capitalization of $287.77 billion, a price-to-earnings ratio of 38.31, a price-to-earnings-growth ratio of 2.39 and a beta of 1.47. The stock has a fifty day moving average price of $716.70 and a 200-day moving average price of $778.07.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.40% and a return on equity of 47.61%. On average, analysts expect that ASML will post 20.54 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Fairway Wealth LLC bought a new stake in shares of ASML during the 3rd quarter worth $25,000. Milestone Investment Advisors LLC bought a new position in shares of ASML in the third quarter worth about $28,000. Kennebec Savings Bank lifted its position in shares of ASML by 227.3% during the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 25 shares during the last quarter. Fortitude Family Office LLC boosted its stake in ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 15 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in ASML in the 3rd quarter valued at approximately $43,000. 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.