In a research note that was published on Tuesday, Societe Generale increased its target price for ASML (NASDAQ: ASML) from €520.00 ($530.61) to €680.00 ($693.88). According to The Fly, this move was made.
There have been articles published on the stock by several other analysts. Wells Fargo & Company upgraded their price target on ASML from $510.00 to $665.00 and gave the stock an “overweight” rating in a research report published on Monday, November 14th. Morgan Stanley upgraded their price target on ASML from €650.00 ($663.27) to €700.00 ($714.29) and gave the stock an “overweight” rating in a research report that was published on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft changed its recommendation for ASML from “hold” to “buy” in a research report published on Wednesday, October 19th. UBS Group changed their rating for ASML from “neutral” to “buy” in a research report published on August 31st. Last but not least, in a research report that was published on Friday, October 14th, Berenberg Bank lowered their price objective on ASML shares from €815.00 ($831.63) to €615.00 ($627.55) while maintaining their “buy” rating on the stock. Two analysts have assigned the stock a recommendation of “hold,” twelve have assigned the stock a level of “buy,” and one analyst has assigned the stock a rating of “strong buy.” According to information provided by Bloomberg, the company now carries a “Moderate Buy” rating and a price target of $696.46.
During Tuesday’s trade at midday, ASML’s share price increased by $10.48 to $590.77. The company’s stock was traded 29,445 times, which is much higher than the daily volume of 1,661,403 shares. The price of ASML has been as low as $363.15 and as high as $859.66 during the past 52 weeks. The stock’s simple moving average over the last 50 days is $470.30, while its simple moving average over the past 200 days is $502.89. The enterprise has a market capitalization of 242.09 billion dollars, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 1.76, and a beta value of 1.36. The quick ratio is 0.82, the current ratio is 1.26, and the debt-to-equity ratio is 0.44. All of these numbers are relative to the total amount of debt.
Recent months have seen several institutional investors make changes to their stock investments. Edgewood Management LLC shelled out $1,577,216 over the year’s first three months to acquire a new share of ASML. During the second quarter, Jennison Associates LLC added 447.5% more shares to its existing holdings in ASML. Following the acquisition of an additional 579,419 shares during the most recent quarter, Jennison Associates LLC now holds a total of 708,909 shares of the semiconductor company’s stock, which have a value of $337,356,000. In addition, the percentage of ASML stock that Renaissance Technologies LLC owns rose by 311.4 percentage points during the third quarter. After purchasing 463,749 shares during the most recent quarter, Renaissance Technologies LLC now owns 612,681 shares of the semiconductor business. The current market value of these shares is $255,683,000. Finally, during the first three months of 2018, Aaron Wealth Advisors, LLC boosted its holdings in ASML by 90.1%.
Compared to the previous quarter, Aaron Wealth Advisors LLC now owns 323,278 shares of the semiconductor business, which they purchased for a total of $484,000. Last but not least, during the first three months of the year, Winslow Capital Management LLC added 50.7% more shares to its holdings in ASML. Winslow Capital Management LLC now owns 802,586 shares of the semiconductor company after purchasing an additional 270,023 shares during the period. The value of Winslow Capital Management LLC’s holdings in the company is $536,072,000. There is 19.04% of the company’s stock owned by institutional investors.
ASML Holding N.V. is designing, manufacturing, marketing, selling, and servicing advanced semiconductor equipment systems for manufacturers of memory and logic chips. These systems include lithography, metrology, and inspection equipment. In addition, the company provides extreme ultraviolet lithography systems, deep ultraviolet lithography systems, immersion and dry lithography solutions, and more to build various semiconductor nodes and technologies.
Read More: The price target for ASML (NASDAQ:ASML) has been raised to €680.00.