ASML (NASDAQ:ASML) Price Target Cut to $1,148.00 by Analysts at JPMorgan Chase & Co.

ASML (NASDAQ:ASML) had its price target decreased by JPMorgan Chase & Co. from $1,207.00 to $1,148.00 in a report issued on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the semiconductor company’s stock.

ASML has been the subject of several other reports. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Wells Fargo & Company decreased their price objective on shares of ASML from $1,185.00 to $1,000.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Finally, Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,018.00.

ASML Trading Up 2.5 %

Shares of ASML stock opened at $700.60 on Thursday. The stock has a market cap of $276.45 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. The firm has a fifty day moving average price of $837.18 and a 200 day moving average price of $918.35. ASML has a 1 year low of $573.86 and a 1 year high of $1,110.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84.

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

Institutional Investors Weigh In On ASML

Institutional investors and hedge funds have recently modified their holdings of the company. KP Management LLC lifted its position in shares of ASML by 66.7% during the second quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock worth $5,114,000 after purchasing an additional 2,000 shares in the last quarter. Harvard Management Co. Inc. increased its stake in ASML by 239.8% during the 2nd quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock worth $95,645,000 after buying an additional 66,000 shares during the period. Salem Investment Counselors Inc. lifted its holdings in ASML by 41.1% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock worth $3,355,000 after buying an additional 1,007 shares in the last quarter. Point72 DIFC Ltd grew its stake in shares of ASML by 122.1% in the second quarter. Point72 DIFC Ltd now owns 6,415 shares of the semiconductor company’s stock worth $6,560,000 after acquiring an additional 3,527 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in ASML by 169.4% in the first quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock valued at $22,661,000 after purchasing an additional 14,682 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

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.