ASML (NASDAQ:ASML) had its price target hoisted by B. Riley from $166.00 to $200.00 in a research report sent to investors on Wednesday. The firm currently has a neutral rating on the semiconductor company’s stock. B. Riley also issued estimates for ASML’s FY2017 earnings at $5.11 EPS, Q1 2018 earnings at $1.34 EPS, Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.57 EPS, Q4 2018 earnings at $1.68 EPS, FY2018 earnings at $6.16 EPS, Q1 2019 earnings at $1.96 EPS, Q2 2019 earnings at $2.04 EPS, Q3 2019 earnings at $2.13 EPS, Q4 2019 earnings at $2.17 EPS and FY2019 earnings at $8.30 EPS.
A number of other research firms have also issued reports on ASML. Credit Suisse Group upgraded shares of ASML from a neutral rating to an outperform rating in a report on Monday. BidaskClub upgraded shares of ASML from a hold rating to a buy rating in a report on Friday, January 5th. Zacks Investment Research lowered shares of ASML from a buy rating to a hold rating in a report on Monday, October 23rd. BNP Paribas upgraded shares of ASML from a neutral rating to an outperform rating in a report on Thursday, October 12th. Finally, JPMorgan Chase & Co. reiterated a buy rating on shares of ASML in a report on Tuesday, October 3rd. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $192.43.
ASML (ASML) traded up $4.18 during trading hours on Wednesday, reaching $203.36. 3,618,518 shares of the company’s stock were exchanged, compared to its average volume of 1,243,800. The stock has a market cap of $87,080.00, a price-to-earnings ratio of 35.99, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.78 and a current ratio of 2.79. ASML has a 52 week low of $119.83 and a 52 week high of $205.58.
ASML declared that its board has approved a stock buyback plan on Wednesday, January 17th that allows the company to repurchase outstanding shares. This repurchase authorization allows the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital World Investors raised its holdings in ASML by 0.6% in the second quarter. Capital World Investors now owns 25,172,077 shares of the semiconductor company’s stock valued at $3,280,173,000 after buying an additional 153,276 shares during the period. Artisan Partners Limited Partnership raised its holdings in ASML by 8.7% in the third quarter. Artisan Partners Limited Partnership now owns 2,422,603 shares of the semiconductor company’s stock valued at $414,750,000 after buying an additional 193,896 shares during the period. Fisher Asset Management LLC raised its holdings in ASML by 3.5% in the third quarter. Fisher Asset Management LLC now owns 2,018,226 shares of the semiconductor company’s stock valued at $345,520,000 after buying an additional 67,528 shares during the period. Janus Henderson Group PLC raised its holdings in ASML by 18.1% in the third quarter. Janus Henderson Group PLC now owns 1,839,320 shares of the semiconductor company’s stock valued at $314,892,000 after buying an additional 282,357 shares during the period. Finally, Winslow Capital Management LLC purchased a new position in ASML in the second quarter valued at approximately $188,068,000. Hedge funds and other institutional investors own 16.60% of the company’s stock.
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ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.
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