Sanford C. Bernstein Reiterates “Buy” Rating for ASML (NASDAQ:ASML)

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reaffirmed by research analysts at Sanford C. Bernstein in a research note issued to investors on Monday,MarketScreener reports.

A number of other brokerages have also recently commented on ASML. Wells Fargo & Company restated an “overweight” rating and set a $1,750.00 price target on shares of ASML in a research note on Thursday, April 16th. JPMorgan Chase & Co. increased their target price on ASML from $1,813.00 to $2,200.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Morgan Stanley reiterated an “overweight” rating on shares of ASML in a research report on Wednesday, June 3rd. Susquehanna reiterated a “positive” rating on shares of ASML in a research note on Thursday, April 9th. Finally, Zacks Research upgraded ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,589.63.

ASML Stock Performance

Shares of NASDAQ ASML traded up $13.18 during trading on Monday, reaching $1,876.73. 660,348 shares of the stock traded hands, compared to its average volume of 1,834,273. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The stock has a market capitalization of $738.08 billion, a P/E ratio of 67.32, a price-to-earnings-growth ratio of 1.49 and a beta of 1.82. ASML has a 52-week low of $683.48 and a 52-week high of $1,907.03. The company has a 50-day moving average of $1,539.82 and a 200-day moving average of $1,371.98.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The company had revenue of $10.15 billion during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. Analysts forecast that ASML will post 36.86 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cornerstone Financial Management LLC purchased a new stake in shares of ASML in the 4th quarter valued at about $26,000. Binnacle Investments Inc grew its holdings in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares in the last quarter. Resources Management Corp CT ADV grew its holdings in shares of ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 23 shares in the last quarter. North Star Investment Management Corp. increased its position in shares of ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc purchased a new stake in ASML in the fourth quarter valued at approximately $30,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.