UBS Group cut shares of ASML (NASDAQ:ASML) from a buy rating to a neutral rating in a report released on Wednesday morning, The Fly reports.
A number of other equities research analysts also recently weighed in on the stock. Barclays reissued an overweight rating on shares of ASML in a report on Tuesday, May 26th. DZ Bank reissued a sell rating on shares of ASML in a report on Thursday, July 16th. Sanford C. Bernstein downgraded shares of ASML from an outperform rating to a market perform rating and set a $322.00 price target for the company. in a report on Tuesday. Wells Fargo & Co upped their price target on shares of ASML from $410.00 to $430.00 and gave the company an overweight rating in a report on Thursday, July 9th. Finally, Evercore ISI reissued an outperform rating on shares of ASML in a report on Wednesday, June 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $383.60.
ASML stock traded down $9.01 during trading on Wednesday, hitting $353.72. The company had a trading volume of 955,150 shares, compared to its average volume of 956,787. The firm has a market capitalization of $152.28 billion, a price-to-earnings ratio of 46.30, a P/E/G ratio of 1.85 and a beta of 1.04. The business has a 50 day moving average of $371.80 and a 200 day moving average of $311.66. ASML has a fifty-two week low of $191.25 and a fifty-two week high of $402.86. The company has a current ratio of 2.91, a quick ratio of 1.90 and a debt-to-equity ratio of 0.36.
A number of hedge funds have recently bought and sold shares of ASML. JPMorgan Chase & Co. lifted its stake in ASML by 145.2% during the first quarter. JPMorgan Chase & Co. now owns 3,959,276 shares of the semiconductor company’s stock valued at $1,035,906,000 after buying an additional 2,344,364 shares in the last quarter. Fisher Asset Management LLC lifted its stake in ASML by 36.4% during the first quarter. Fisher Asset Management LLC now owns 3,453,577 shares of the semiconductor company’s stock valued at $903,594,000 after buying an additional 922,387 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of ASML by 120.9% in the 1st quarter. Alliancebernstein L.P. now owns 844,662 shares of the semiconductor company’s stock valued at $220,997,000 after purchasing an additional 462,295 shares during the period. Wellington Management Group LLP increased its holdings in shares of ASML by 187.9% in the 1st quarter. Wellington Management Group LLP now owns 359,966 shares of the semiconductor company’s stock valued at $94,182,000 after purchasing an additional 234,929 shares during the period. Finally, Norges Bank acquired a new position in shares of ASML in the 4th quarter valued at about $65,278,000. 17.85% of the stock is owned by institutional investors.
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.
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