ASML (NASDAQ:ASML) Price Target Lowered to $1,100.00 at JPMorgan Chase & Co.

ASML (NASDAQ:ASML) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $1,148.00 to $1,100.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 50.39% from the stock’s current price.

Other analysts have also recently issued reports about the company. Wells Fargo & Company upped their price target on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. BNP Paribas began coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price for the company. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein dropped their price objective on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Finally, Susquehanna reduced their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Three 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 company’s stock. According to MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus price target of $937.00.

ASML Stock Performance

ASML stock traded up $18.80 during trading hours on Thursday, hitting $731.45. The stock had a trading volume of 771,010 shares, compared to its average volume of 1,963,141. ASML has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. The company has a market cap of $287.77 billion, a PE ratio of 38.31, a price-to-earnings-growth ratio of 2.39 and a beta of 1.47. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $716.70 and a two-hundred day moving average of $778.07.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.40% and a return on equity of 47.61%. On average, equities research analysts anticipate that ASML will post 20.54 EPS for the current fiscal year.

Institutional Trading of ASML

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA lifted its stake in shares of ASML by 41.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 609 shares of the semiconductor company’s stock valued at $422,000 after purchasing an additional 178 shares during the period. Family Capital Management Inc. lifted its stake in ASML by 8.3% in the fourth quarter. Family Capital Management Inc. now owns 984 shares of the semiconductor company’s stock valued at $682,000 after buying an additional 75 shares during the period. Figure 8 Investment Strategies LLC bought a new position in ASML during the fourth quarter worth about $1,239,000. Bogart Wealth LLC grew its position in shares of ASML by 54.5% during the 4th quarter. Bogart Wealth LLC now owns 170 shares of the semiconductor company’s stock worth $118,000 after buying an additional 60 shares during the period. Finally, IMS Capital Management bought a new stake in shares of ASML in the 4th quarter valued at about $216,000. 26.07% of the stock is owned by 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.