ASML (NASDAQ:ASML) Research Coverage Started at Evercore ISI

Stock analysts at Evercore ISI began coverage on shares of ASML (NASDAQ:ASML) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The brokerage set an “outperform” rating on the semiconductor company’s stock.

Several other research analysts have also recently weighed in on the stock. Sanford C. Bernstein reduced their price target on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a report on Friday. Wells Fargo & Company increased their target price on shares of ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Kepler Capital Markets upgraded shares of ASML from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Cantor Fitzgerald began coverage on shares of ASML in a research note on Tuesday, January 23rd. They issued an “overweight” rating for the company. Finally, HSBC began coverage on shares of ASML in a research note on Thursday, February 22nd. They issued a “buy” rating for the company. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $1,036.00.

ASML Stock Down 0.7 %

ASML stock opened at $954.82 on Tuesday. The stock has a market capitalization of $376.76 billion, a PE ratio of 44.39, a price-to-earnings-growth ratio of 2.32 and a beta of 1.49. ASML has a twelve month low of $563.99 and a twelve month high of $1,056.34. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $959.51 and a 200-day moving average of $787.55.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share for the quarter, beating the consensus estimate of $5.12 by $0.48. The company had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.34 billion. ASML had a net margin of 28.44% and a return on equity of 68.32%. On average, equities research analysts anticipate that ASML will post 20.46 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

A number of hedge funds have recently bought and sold shares of the business. Fisher Asset Management LLC increased its position in ASML by 2.2% during the fourth quarter. Fisher Asset Management LLC now owns 4,977,359 shares of the semiconductor company’s stock worth $3,767,464,000 after acquiring an additional 105,196 shares during the period. FMR LLC increased its position in ASML by 3.6% during the third quarter. FMR LLC now owns 3,607,702 shares of the semiconductor company’s stock worth $2,123,710,000 after acquiring an additional 126,413 shares during the period. Sands Capital Management LLC increased its position in ASML by 8.1% during the fourth quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock worth $1,224,002,000 after acquiring an additional 121,847 shares during the period. Clearbridge Investments LLC increased its position in ASML by 2.7% during the fourth quarter. Clearbridge Investments LLC now owns 1,247,197 shares of the semiconductor company’s stock worth $944,028,000 after acquiring an additional 32,623 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in ASML by 2.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,173,324 shares of the semiconductor company’s stock worth $888,112,000 after acquiring an additional 24,368 shares during the period. 26.07% of the stock is owned by 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.