Is ASML Holding NV (NASDAQ:ASML) a Stock to Watch Now That Morgan Stanley Has Begun Covering It?

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How Morgan Stanley Currently Rates ASML Holding NV (NASDAQ:ASML)

Analysts at Morgan Stanley began coverage for shares of ASML Holding NV (NASDAQ:ASML) in an analyst research report sent to investors and clients on 15 December. The brokerage set a “Overweight” rating on the $36.93 billion market cap firm.

From a total of 9 analysts covering ASML Holding NV (NASDAQ:ASML) stock, 4 rate it a ”Buy”, 2 a “Sell”, and 3 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is $128 while the lowest target price is $60.64. The mean of all analyst targets is $100.4 with a -8.32% below today’s ($88.9) stock price. ASML Holding NV was the topic of 4 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on October 15 with “Underperform” rating. SNS Securities upgraded ASML stock in a recent report from July 21 to “Add” rating.

Approximately 438,135 shares of stock traded hands. ASML Holding NV (ADR) (NASDAQ:ASML) has declined 20.41% since May 12, 2015 and is downtrending. It has underperformed by 16.73% the S&P500.

ASML Holding NV is a holding firm based in the Netherlands that develops semiconductor equipment systems. The company has a market cap of $36.93 billion. The Company’s products includes lithographic systems, notably: TWINSCAN NXE, a platform for extreme ultraviolet lithography (EUVL); TWINSCAN NXT, a step-and-scan dual-stage immersion lithography platform; TWINSCAN XT, a step-and-scan water immersion lithography platform; YieldStar, a metrology tool; PAS 5500, a step-and-scan platform; and Brion, a computational lithography verification platform. It has 25.06 P/E ratio. In addition, the Company provides customer support.

According to Zacks Investment Research, “ASML is a world leader in the manufacture of advanced technology systems for the semiconductor industry. The company offers an integrated portfolio for manufacturing complex integrated circuits. ASML designs, develops, integrates, markets and services advanced systems used by customers the major global semiconductor manufacturers to create chips that power a wide array of electronic, communications and information technology products.”

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