ASML (NASDAQ:ASML) Price Target Increased to $1,207.00 by Analysts at JPMorgan Chase & Co.

ASML (NASDAQ:ASML) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from $1,202.00 to $1,207.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 42.72% from the stock’s previous close.

Several other equities analysts have also issued reports on ASML. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Susquehanna raised their price objective on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,111.80.

ASML Trading Up 2.6 %

NASDAQ:ASML traded up $21.43 during midday trading on Wednesday, hitting $845.69. The stock had a trading volume of 842,375 shares, compared to its average volume of 1,249,678. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average of $847.15 and a 200 day moving average of $926.76. The company has a market capitalization of $333.70 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 1.97 and a beta of 1.48. ASML has a one year low of $573.86 and a one year high of $1,110.09.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period in the previous year, the company posted $5.37 earnings per share. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, sell-side analysts forecast that ASML will post 20.38 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Hilltop National Bank lifted its stake in ASML by 1.0% during the 2nd quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock valued at $997,000 after acquiring an additional 10 shares during the period. First PREMIER Bank raised its stake in shares of ASML by 4.2% during the 1st quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock valued at $265,000 after buying an additional 11 shares during the last quarter. Investment Partners LTD. lifted its holdings in shares of ASML by 1.2% in the 1st quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock valued at $871,000 after buying an additional 11 shares during the period. Valley National Advisers Inc. boosted its stake in shares of ASML by 1.1% in the second quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock worth $1,159,000 after buying an additional 12 shares during the last quarter. Finally, Pure Financial Advisors LLC grew its holdings in ASML by 2.8% during the second quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock worth $454,000 after acquiring an additional 12 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

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.