ASML (NASDAQ:ASML) Price Target Cut to $815.00

ASML (NASDAQ:ASML) had its price target cut by investment analysts at Sanford C. Bernstein from $1,052.00 to $815.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the semiconductor company’s stock. Sanford C. Bernstein’s target price indicates a potential upside of 13.05% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company dropped their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Finally, Susquehanna dropped their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $970.60.

ASML Stock Performance

ASML opened at $720.91 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The business has a fifty day simple moving average of $828.69 and a 200 day simple moving average of $912.16. ASML has a 1 year low of $573.86 and a 1 year high of $1,110.09. The company has a market capitalization of $284.46 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48.

Hedge Funds Weigh In On ASML

A number of institutional investors have recently modified their holdings of the business. Jennison Associates LLC raised its stake in ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after acquiring an additional 572,996 shares in the last quarter. GQG Partners LLC lifted its stake in ASML by 21.6% in the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after purchasing an additional 294,784 shares during the last quarter. Van ECK Associates Corp lifted its stake in ASML by 15.4% in the 2nd quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock valued at $1,311,545,000 after purchasing an additional 170,992 shares during the last quarter. Janus Henderson Group PLC boosted its position in ASML by 18.9% in the first quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company’s stock valued at $1,184,173,000 after buying an additional 194,357 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of ASML by 4,379.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after buying an additional 870,010 shares during the last quarter. Institutional investors and hedge funds 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.