ASML (NASDAQ:ASML) Earns Buy Rating from Deutsche Bank Aktiengesellschaft

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Wednesday,MarketScreener reports.

A number of other analysts have also recently weighed in on ASML. Mizuho upgraded shares of ASML from a “neutral” rating to an “outperform” rating in a research note on Monday, September 29th. Morgan Stanley raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Monday, September 22nd. Morningstar lowered ASML to a “hold” rating in a report on Thursday, September 18th. Erste Group Bank raised ASML from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. Finally, Redburn Partners set a $1,200.00 target price on ASML in a research note on Friday, November 7th. Four analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,171.83.

ASML Stock Down 0.3%

Shares of ASML opened at $1,108.37 on Wednesday. ASML has a 1 year low of $578.51 and a 1 year high of $1,141.72. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. The stock has a market capitalization of $435.91 billion, a PE ratio of 45.11, a P/E/G ratio of 1.74 and a beta of 1.87. The company’s 50-day simple moving average is $1,034.78 and its 200-day simple moving average is $870.01.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (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 for the quarter, compared to the consensus estimate 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. Analysts forecast that ASML will post 25.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Manning & Napier Advisors LLC acquired a new stake in shares of ASML in the third quarter valued at about $25,000. Princeton Global Asset Management LLC grew its position in ASML by 153.8% during the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after buying an additional 20 shares during the period. City Holding Co. purchased a new position in ASML in the third quarter valued at about $26,000. Binnacle Investments Inc lifted its position in shares of ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 15 shares during the period. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in shares of ASML during the 2nd quarter valued at approximately $30,000. Hedge funds and other institutional investors 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.