ASML (NASDAQ:ASML) Coverage Initiated at StockNews.com

Analysts at StockNews.com began coverage on shares of ASML (NASDAQ:ASML – Get Rating) in a research note issued on Thursday. The brokerage set a “buy” rating on the semiconductor company’s stock.

A number of other research firms have also recently commented on ASML. Barclays assumed coverage on ASML in a report on Tuesday, January 17th. They set an “equal weight” rating for the company. Argus boosted their price target on ASML from $590.00 to $775.00 and gave the stock a “buy” rating in a report on Thursday, January 26th. Sanford C. Bernstein assumed coverage on ASML in a report on Wednesday, January 18th. They issued an “outperform” rating for the company. Societe Generale upped their target price on ASML from €520.00 ($559.14) to €680.00 ($731.18) in a report on Tuesday, November 22nd. Finally, KBC Securities cut ASML from a “buy” rating to a “hold” rating in a report on Thursday, November 24th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and an average target price of $688.92.

ASML Price Performance

ASML stock opened at $633.69 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 1.28. ASML has a 52 week low of $363.15 and a 52 week high of $714.62. The stock has a market capitalization of $250.05 billion, a P/E ratio of 38.69, a price-to-earnings-growth ratio of 1.05 and a beta of 1.46. The stock has a fifty day moving average of $646.02 and a 200-day moving average of $558.35.

Institutional Investors Weigh In On ASML

Institutional investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. boosted its position in shares of ASML by 1.6% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 5,909 shares of the semiconductor company’s stock valued at $3,229,000 after purchasing an additional 93 shares in the last quarter. Great Lakes Retirement Inc. bought a new stake in shares of ASML during the 4th quarter valued at about $422,000. Rockefeller Capital Management L.P. boosted its position in shares of ASML by 65.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 12,547 shares of the semiconductor company’s stock valued at $6,855,000 after purchasing an additional 4,958 shares in the last quarter. OLD Mission Capital LLC bought a new stake in shares of ASML during the 4th quarter valued at about $6,228,000. Finally, North Star Asset Management Inc. boosted its position in shares of ASML by 5.2% during the 4th quarter. North Star Asset Management Inc. now owns 28,744 shares of the semiconductor company’s stock valued at $15,706,000 after purchasing an additional 1,412 shares in the last quarter. Institutional investors own 18.61% of the company’s stock.

About ASML

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ASML Holding NV engages in the development, production, marketing, sales, upgrading and servicing of advanced semiconductor equipment systems. It includes lithography, metrology and inspection systems. It operates through the following geographical segments: Japan, South Korea, Singapore, Taiwan, Chine, Rest of Asia, Netherlands, Europe, the Middle East and Africa (EMEA), and United States.