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

ASML (NASDAQ:ASML - Get Free Report) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $1,148.00 to $1,100.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the semiconductor company's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 49.26% from the company's previous close.

Several other analysts also recently issued reports on ASML. Sanford C. Bernstein decreased their price objective 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 shares of ASML to a "strong-buy" rating in a research note on Wednesday, October 2nd. Susquehanna decreased their price target on shares of ASML from $1,300.00 to $1,100.00 and set a "positive" rating for the company in a research note on Friday, October 11th. BNP Paribas assumed coverage on shares of ASML in a research note on Tuesday, December 3rd. They set an "outperform" rating and a $858.00 price target for the company. Finally, DZ Bank raised shares of ASML from a "hold" rating to a "buy" rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ASML has an average rating of "Moderate Buy" and an average target price of $937.00.

ASML Trading Up 3.4 %

ASML traded up $24.34 on Thursday, hitting $736.99. The company had a trading volume of 2,724,389 shares, compared to its average volume of 2,075,041. The company has a market cap of $289.95 billion, a PE ratio of 38.59, a PEG ratio of 2.39 and a beta of 1.47. ASML has a 12-month low of $645.45 and a 12-month high of $1,110.09. 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 business's fifty day simple moving average is $716.70 and its 200 day simple moving average is $778.07.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 EPS for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a return on equity of 47.61% and a net margin of 26.40%. Equities research analysts expect that ASML will post 20.54 EPS for the current year.

Hedge Funds Weigh In On ASML

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in shares of ASML during the third quarter valued at $25,000. Milestone Investment Advisors LLC acquired a new position in ASML during the third quarter valued at $28,000. Kennebec Savings Bank lifted its position in ASML by 227.3% during the fourth quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 25 shares during the period. Fortitude Family Office LLC lifted its position in ASML by 46.9% during the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 15 shares during the period. Finally, Brooklyn Investment Group acquired a new position in ASML during the third quarter valued at $43,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.