Wells Fargo & Co Raises ASML (NASDAQ:ASML) Price Target to $276.00

ASML (NASDAQ:ASML) had its target price lifted by Wells Fargo & Co from $240.00 to $276.00 in a report released on Thursday morning, The Fly reports. They currently have an outperform rating on the semiconductor company’s stock.

A number of other research firms also recently weighed in on ASML. Santander downgraded ASML from a buy rating to a hold rating in a research report on Monday, July 15th. New Street Research downgraded ASML from a buy rating to a neutral rating in a research report on Thursday, July 18th. Societe Generale initiated coverage on ASML in a research report on Monday, July 8th. They set a buy rating for the company. ABN Amro initiated coverage on ASML in a research report on Monday, July 29th. They set a hold rating for the company. Finally, ValuEngine upgraded ASML from a hold rating to a buy rating in a research report on Tuesday, July 2nd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $214.00.

Shares of ASML opened at $245.79 on Thursday. The stock has a fifty day moving average price of $224.95 and a two-hundred day moving average price of $206.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 2.68. ASML has a 52-week low of $144.50 and a 52-week high of $252.11. The company has a market cap of $105.11 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 2.55 and a beta of 1.23.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.18. ASML had a return on equity of 21.30% and a net margin of 23.08%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company posted $1.37 EPS. As a group, research analysts predict that ASML will post 6.8 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Front Row Advisors LLC lifted its holdings in shares of ASML by 10.0% in the second quarter. Front Row Advisors LLC now owns 6,330 shares of the semiconductor company’s stock valued at $1,316,000 after purchasing an additional 574 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of ASML by 74.3% in the second quarter. Rehmann Capital Advisory Group now owns 265 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 113 shares in the last quarter. Atria Investments LLC lifted its holdings in shares of ASML by 33.0% in the second quarter. Atria Investments LLC now owns 8,077 shares of the semiconductor company’s stock valued at $1,709,000 after purchasing an additional 2,005 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of ASML in the second quarter valued at about $191,000. Finally, BlackRock Inc. lifted its holdings in shares of ASML by 3.0% in the second quarter. BlackRock Inc. now owns 2,094,679 shares of the semiconductor company’s stock valued at $435,547,000 after purchasing an additional 61,325 shares in the last quarter. Institutional investors own 16.94% of the company’s stock.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.

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