JPMorgan Chase & Co. Issues Pessimistic Forecast for ASML (NASDAQ:ASML) Stock Price

ASML (NASDAQ:ASML) had its price objective reduced by analysts at JPMorgan Chase & Co. from $1,148.00 to $1,100.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 48.79% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Sanford C. Bernstein lowered their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Susquehanna cut their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. BNP Paribas initiated coverage on ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price for the company. Finally, DZ Bank raised ASML from a “hold” rating to a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $937.00.

ASML Trading Up 0.3 %

NASDAQ ASML opened at $739.31 on Thursday. The firm has a market capitalization of $290.86 billion, a PE ratio of 35.54, a price-to-earnings-growth ratio of 2.25 and a beta of 1.47. The business’s 50-day moving average price is $718.04 and its two-hundred day moving average price is $777.78. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. ASML has a 12 month low of $645.45 and a 12 month high of $1,110.09.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $7.30 EPS for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a return on equity of 50.53% and a net margin of 26.78%. On average, analysts expect that ASML will post 25.07 EPS for the current year.

Hedge Funds Weigh In On ASML

Institutional investors have recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in ASML during the 3rd quarter valued at $25,000. Milestone Investment Advisors LLC acquired a new position in shares of ASML during the third quarter valued at about $28,000. Kennebec Savings Bank increased its position in shares of ASML by 227.3% during the fourth quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 25 shares in the last quarter. Fortitude Family Office LLC raised its holdings in shares of ASML by 46.9% in the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 15 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in ASML in the 3rd quarter valued at about $43,000. 26.07% of the stock is owned by institutional investors and hedge funds.

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.