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

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

A number of other brokerages have also weighed in on ASML. UBS Group reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday. Royal Bank Of Canada boosted their price target on shares of ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Citigroup reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Wall Street Zen cut shares of ASML from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Freedom Capital raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $1,504.38.

ASML Stock Performance

Shares of NASDAQ:ASML remained flat at $1,632.90 during trading on Monday. 1,666,277 shares of the stock were exchanged, compared to its average volume of 1,659,980. ASML has a 12 month low of $683.48 and a 12 month high of $1,653.53. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $1,433.13 and its two-hundred day moving average is $1,299.30. The stock has a market capitalization of $642.19 billion, a PE ratio of 58.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.81.

ASML (NASDAQ:ASML) last announced its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The business had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. On average, research analysts forecast that ASML will post 37.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ASML

Large investors have recently bought and sold shares of the stock. Cornerstone Financial Management LLC purchased a new position in shares of ASML in the 4th quarter worth approximately $26,000. Portus Wealth Advisors LLC purchased a new position in ASML in the first quarter worth $32,000. Resources Management Corp CT ADV grew its stake in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. North Star Investment Management Corp. increased its position in shares of ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc purchased a new position in shares of ASML in the 4th quarter worth about $30,000. 26.07% of the stock is currently owned by 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.