ASML (NASDAQ:ASML) Price Target Cut to $1,100.00 by Analysts at JPMorgan Chase & Co.

ASML (NASDAQ:ASML) had its price target trimmed by JPMorgan Chase & Co. from $1,148.00 to $1,100.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an overweight rating on the semiconductor company’s stock.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company boosted their price target on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein reduced 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. BNP Paribas initiated coverage on shares of ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price on the stock. Finally, Susquehanna lowered their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Three 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $937.00.

ASML Stock Up 3.4 %

ASML stock opened at $736.99 on Thursday. The company has a 50 day moving average of $716.70 and a two-hundred day moving average of $778.07. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. ASML has a 12-month low of $645.45 and a 12-month high of $1,110.09. The company has a market cap of $289.95 billion, a price-to-earnings ratio of 35.43, a PEG ratio of 2.25 and a beta of 1.47.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 EPS for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 50.53%. On average, equities analysts anticipate that ASML will post 25.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Carnegie Investment Counsel raised its position in ASML by 68.9% in the 4th quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock worth $1,475,000 after purchasing an additional 868 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of ASML during the fourth quarter valued at $1,174,000. Taurus Asset Management LLC bought a new position in ASML in the third quarter valued at about $16,994,000. State Street Corp increased its position in ASML by 5.2% in the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after purchasing an additional 7,010 shares during the period. Finally, Stockman Wealth Management Inc. raised its holdings in ASML by 7.2% during the 3rd quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after purchasing an additional 1,032 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.