ASML (NASDAQ:ASML) PT Raised to $1,300.00 – American Banking and Market News
Posted by ABMN Staff on Jul 13th, 2024 
ASML (NASDAQ:ASML – Get Free Report) had its price target hoisted by investment analysts at Susquehanna from $1,200.00 to $1,300.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s target price would suggest a potential upside of 19.79% from the stock’s current price.
Several other research analysts have also issued reports on ASML. Evercore ISI began coverage on shares of ASML in a research note on Tuesday, April 16th. They set an “outperform” rating on the stock. Sanford C. Bernstein cut their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Finally, Wells Fargo & Company raised their target price on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,083.00.
Check Out Our Latest Analysis on ASML
Shares of NASDAQ ASML opened at $1,085.26 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $428.23 billion, a PE ratio of 55.43, a P/E/G ratio of 2.32 and a beta of 1.49. The firm has a fifty day simple moving average of $1,000.17 and a 200 day simple moving average of $929.05. ASML has a twelve month low of $563.99 and a twelve month high of $1,110.09.
ASML (NASDAQ:ASML – Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.54. ASML had a return on equity of 56.99% and a net margin of 27.23%. The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.73 billion. On average, sell-side analysts forecast that ASML will post 20.12 EPS for the current year.
A number of large investors have recently modified their holdings of ASML. MJP Associates Inc. ADV raised its position in ASML by 9.5% in the 2nd quarter. MJP Associates Inc. ADV now owns 567 shares of the semiconductor company’s stock valued at $580,000 after buying an additional 49 shares during the last quarter. Curated Wealth Partners LLC boosted its holdings in ASML by 185.8% during the 2nd quarter. Curated Wealth Partners LLC now owns 671 shares of the semiconductor company’s stock worth $686,000 after acquiring an additional 1,453 shares during the last quarter. JGP Wealth Management LLC grew its stake in shares of ASML by 6.2% in the 2nd quarter. JGP Wealth Management LLC now owns 361 shares of the semiconductor company’s stock worth $369,000 after acquiring an additional 21 shares in the last quarter. Country Trust Bank raised its holdings in shares of ASML by 0.6% in the second quarter. Country Trust Bank now owns 62,931 shares of the semiconductor company’s stock valued at $64,361,000 after purchasing an additional 400 shares during the last quarter. Finally, Pennsylvania Capital Management Inc. ADV bought a new position in shares of ASML during the second quarter valued at about $266,000. Institutional investors own 26.07% of the company’s stock.
(Get Free Report)
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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