ASML Holding (NASDAQ:ASML) Receives Average Recommendation of “Moderate Buy” from Brokerages

ASML Holding (NASDAQ:ASML) has earned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $946.60.

Several equities analysts recently commented on the stock. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein reduced their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Susquehanna lowered their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. BNP Paribas assumed coverage on ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday, January 13th.

ASML Stock Down 1.9 %

Shares of ASML opened at $732.25 on Friday. The firm has a market cap of $288.08 billion, a P/E ratio of 38.34, a P/E/G ratio of 2.39 and a beta of 1.47. ASML has a 1 year low of $645.45 and a 1 year high of $1,110.09. The stock has a 50 day simple moving average of $714.70 and a two-hundred day simple moving average of $788.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84.

Institutional Investors Weigh In On ASML

Institutional investors and hedge funds have recently modified their holdings of the stock. Carnegie Investment Counsel lifted its position in ASML by 68.9% during the 4th quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock valued at $1,475,000 after acquiring an additional 868 shares during the period. Central Pacific Bank Trust Division bought a new position in ASML in the 4th quarter valued at approximately $1,174,000. Taurus Asset Management LLC purchased a new stake in shares of ASML during the third quarter valued at $16,994,000. State Street Corp grew its stake in shares of ASML by 5.2% in the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after acquiring an additional 7,010 shares during the period. Finally, Stockman Wealth Management Inc. raised its holdings in shares of ASML by 7.2% during the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock valued at $12,800,000 after purchasing an additional 1,032 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.