ASML (NASDAQ:ASML) Price Target Raised to $1,331.00

ASML (NASDAQ:ASML) had its price target hoisted by analysts at Bank of America from $1,092.00 to $1,331.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Bank of America‘s price objective would indicate a potential upside of 19.25% from the stock’s previous close.

A number of other equities research analysts also recently commented on the stock. Sanford C. Bernstein reiterated a “market perform” rating on shares of ASML in a report on Wednesday, October 29th. Arete Research upgraded ASML to a “strong-buy” rating in a report on Friday, September 12th. Berenberg Bank restated a “buy” rating on shares of ASML in a report on Thursday, October 16th. Weiss Ratings upgraded ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Finally, Evercore ISI reiterated an “outperform” rating on shares of ASML in a research report on Thursday, October 16th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,171.83.

ASML Price Performance

Shares of NASDAQ ASML traded up $7.38 during trading on Wednesday, reaching $1,116.16. The company had a trading volume of 416,544 shares, compared to its average volume of 1,667,361. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. ASML has a twelve month low of $578.51 and a twelve month high of $1,117.89. The stock has a 50-day moving average price of $1,018.72 and a two-hundred day moving average price of $856.82. The stock has a market capitalization of $438.96 billion, a PE ratio of 45.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.87.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The firm had revenue of $8.80 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter last year, the business posted $5.28 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts predict that ASML will post 25.17 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP increased its position in shares of ASML by 4.3% in the third quarter. Allworth Financial LP now owns 3,281 shares of the semiconductor company’s stock worth $3,176,000 after acquiring an additional 134 shares in the last quarter. IFP Advisors Inc boosted its position in ASML by 25.6% during the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the semiconductor company’s stock worth $2,029,000 after purchasing an additional 427 shares during the period. Tevis Investment Management increased its holdings in ASML by 0.8% in the 3rd quarter. Tevis Investment Management now owns 2,132 shares of the semiconductor company’s stock valued at $2,064,000 after purchasing an additional 17 shares in the last quarter. Investment Research Partners LLC acquired a new stake in ASML in the 3rd quarter valued at $716,000. Finally, Cambria Investment Management L.P. purchased a new position in ASML in the third quarter valued at about $751,000. 26.07% of the stock is owned by institutional investors and hedge funds.

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.