ASML (NASDAQ:ASML) Price Target Cut to $767.00 by Analysts at Sanford C. Bernstein

ASML (NASDAQ:ASML) had its price target dropped by research analysts at Sanford C. Bernstein from $815.00 to $767.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor company’s stock. Sanford C. Bernstein’s target price indicates a potential upside of 14.40% from the stock’s current price.

ASML has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Susquehanna dropped their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Finally, Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus price target of $961.00.

ASML Trading Down 0.2 %

Shares of ASML stock opened at $670.48 on Friday. ASML has a 12-month low of $645.45 and a 12-month high of $1,110.09. The business’s 50 day moving average is $734.37 and its 200-day moving average is $867.34. 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 stock has a market cap of $263.78 billion, a P/E ratio of 35.10, a P/E/G ratio of 1.95 and a beta of 1.51.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Equities research analysts predict that ASML will post 20.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ASML

Several hedge funds and other institutional investors have recently made changes to their positions in ASML. Resources Management Corp CT ADV bought a new position in ASML in the second quarter valued at approximately $26,000. Triad Wealth Partners LLC bought a new position in shares of ASML in the 2nd quarter valued at $31,000. Fairway Wealth LLC acquired a new position in shares of ASML during the 3rd quarter worth $25,000. First Community Trust NA bought a new stake in shares of ASML during the 2nd quarter worth $34,000. Finally, Milestone Investment Advisors LLC acquired a new stake in ASML in the third quarter valued at about $28,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Company Profile

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.