BNP Paribas Begins Coverage on ASML (NASDAQ:ASML)

Research analysts at BNP Paribas assumed coverage on shares of ASML (NASDAQ:ASML) in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage set an “outperform” rating and a $858.00 price target on the semiconductor company’s stock. BNP Paribas’ target price would indicate a potential upside of 19.18% from the company’s previous close.

Several other research analysts also recently commented on ASML. Sanford C. Bernstein reduced their target price on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. reduced their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Finally, Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $943.83.

ASML Stock Up 0.3 %

NASDAQ:ASML opened at $719.92 on Tuesday. The firm has a market capitalization of $283.23 billion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 2.06 and a beta of 1.49. ASML has a twelve month low of $645.45 and a twelve month high of $1,110.09. The stock’s 50 day moving average price is $726.48 and its two-hundred day moving average price is $860.97. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.24 by $0.56. The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. Equities research analysts expect that ASML will post 20.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ASML

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASML. Fairway Wealth LLC acquired a new position in ASML in the 3rd quarter valued at $25,000. Resources Management Corp CT ADV acquired a new position in shares of ASML during the 2nd quarter worth $26,000. Milestone Investment Advisors LLC acquired a new position in shares of ASML during the 3rd quarter worth $28,000. Triad Wealth Partners LLC acquired a new position in shares of ASML during the 2nd quarter worth $31,000. Finally, First Community Trust NA acquired a new position in shares of ASML during the 2nd quarter worth $34,000. 26.07% of the stock is owned by institutional investors and hedge funds.

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.