ASML (NASDAQ:ASML) Given Buy Rating at UBS Group

ASML (NASDAQ:ASMLGet Free Report)‘s stock had its “buy” rating restated by investment analysts at UBS Group in a research note issued on Thursday,MarketScreener reports.

A number of other equities research analysts also recently weighed in on ASML. Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Santander downgraded ASML from a “neutral” rating to an “underperform” rating in a report on Thursday, January 22nd. Zacks Research downgraded ASML from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Citigroup reissued a “buy” rating on shares of ASML in a report on Thursday, April 16th. Finally, DZ Bank reissued a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average target price of $1,504.38.

Get Our Latest Stock Analysis on ASML

ASML Stock Performance

Shares of ASML traded down $2.59 during midday trading on Thursday, reaching $1,441.07. 536,706 shares of the stock were exchanged, compared to its average volume of 1,855,852. ASML has a twelve month low of $651.46 and a twelve month high of $1,547.22. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a market cap of $566.74 billion, a P/E ratio of 51.62, a PEG ratio of 1.48 and a beta of 1.88. The stock’s 50 day simple moving average is $1,400.16 and its 200 day simple moving average is $1,230.26.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Manning & Napier Advisors LLC bought a new position in ASML in the third quarter valued at about $25,000. City Holding Co. bought a new position in ASML in the third quarter valued at about $26,000. Cornerstone Financial Management LLC bought a new position in ASML in the fourth quarter valued at about $26,000. Binnacle Investments Inc grew its position in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 15 shares during the last quarter. Finally, Resources Management Corp CT ADV grew its position in ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML News Summary

Here are the key news stories impacting ASML this week:

About ASML

(Get Free Report)

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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Analyst Recommendations for ASML (NASDAQ:ASML)

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