ASML (NASDAQ:ASML) Coverage Initiated by Analysts at Evercore ISI

Analysts at Evercore ISI assumed coverage on shares of ASML (NASDAQ:ASML) in a report released on Tuesday, Marketbeat Ratings reports. The brokerage set an “outperform” rating on the semiconductor company’s stock.

Several other analysts have also commented on ASML. Wells Fargo & Company lifted their price objective on shares of ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Redburn Atlantic raised shares of ASML from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 20th. Cantor Fitzgerald assumed coverage on shares of ASML in a research report on Tuesday, January 23rd. They issued an “overweight” rating on the stock. HSBC started coverage on shares of ASML in a research report on Thursday, February 22nd. They issued a “buy” rating on the stock. Finally, Raymond James lifted their target price on shares of ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 25th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, ASML currently has an average rating of “Moderate Buy” and an average price target of $1,036.00.

ASML Stock Down 7.1 %

ASML opened at $907.61 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.96. The company’s 50-day moving average is $960.66 and its 200 day moving average is $791.11. ASML has a fifty-two week low of $563.99 and a fifty-two week high of $1,056.34. The firm has a market capitalization of $358.13 billion, a P/E ratio of 42.19, a PEG ratio of 2.30 and a beta of 1.48.

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 analysts’ consensus estimates of $5.12 by $0.48. ASML had a net margin of 28.44% and a return on equity of 68.32%. The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.34 billion. Research analysts expect that ASML will post 20.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ASML

Hedge funds have recently bought and sold shares of the company. WD Rutherford LLC purchased a new position in ASML during the first quarter valued at approximately $29,000. Carmel Capital Partners LLC grew its stake in ASML by 200.0% during the third quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 30 shares in the last quarter. Beaird Harris Wealth Management LLC purchased a new position in ASML during the fourth quarter valued at approximately $34,000. Creative Financial Designs Inc. ADV grew its stake in ASML by 48.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 15 shares in the last quarter. Finally, Addison Advisors LLC grew its stake in ASML by 220.0% during the third quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Company Profile

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.