ASML (NASDAQ:ASML) Given New $840.00 Price Target at Wells Fargo & Company

ASML (NASDAQ:ASML - Get Free Report) had its price target decreased by equities researchers at Wells Fargo & Company from $860.00 to $840.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the semiconductor company's stock. Wells Fargo & Company's price target would suggest a potential upside of 30.44% from the company's previous close.

Several other analysts also recently commented on ASML. Susquehanna reduced their price objective on ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research note on Thursday. DZ Bank upgraded shares of ASML from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. reduced their target price on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, ASML has a consensus rating of "Moderate Buy" and a consensus target price of $906.00.

ASML Stock Up 1.4 %

NASDAQ ASML traded up $9.03 on Thursday, hitting $643.96. 784,721 shares of the stock were exchanged, compared to its average volume of 1,637,000. The company has a market cap of $253.35 billion, a PE ratio of 30.96, a PEG ratio of 1.62 and a beta of 1.67. The company has a 50-day moving average price of $701.85 and a 200-day moving average price of $716.06. ASML has a fifty-two week low of $578.51 and a fifty-two week high of $1,110.09. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20.

ASML (NASDAQ:ASML - Get Free Report) last posted its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping the consensus estimate of $6.12 by $0.19. The firm had revenue of $8.77 billion during the quarter, compared to analysts' expectations of $7.90 billion. ASML had a return on equity of 47.73% and a net margin of 26.78%. Sell-side analysts anticipate that ASML will post 25.17 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

Several large investors have recently added to or reduced their stakes in the business. Carnegie Investment Counsel grew its holdings in ASML by 68.9% in the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company's stock valued at $1,475,000 after purchasing an additional 868 shares during the period. Central Pacific Bank Trust Division purchased a new stake in ASML during the fourth quarter worth approximately $1,174,000. Foundations Investment Advisors LLC boosted its position in ASML by 36.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 26,322 shares of the semiconductor company's stock worth $18,243,000 after purchasing an additional 7,073 shares during the period. Fifth Third Bancorp raised its position in ASML by 12.2% in the fourth quarter. Fifth Third Bancorp now owns 9,759 shares of the semiconductor company's stock valued at $6,764,000 after purchasing an additional 1,062 shares during the period. Finally, Alpha Cubed Investments LLC boosted its position in shares of ASML by 33.9% in the fourth quarter. Alpha Cubed Investments LLC now owns 81,564 shares of the semiconductor company's stock worth $56,530,000 after buying an additional 20,651 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.

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