Analyst Price Target Update on ASML Holding N.V. (NASDAQ:ASML)

ASML Holding N.V. (NASDAQ:ASML): The mean estimate for the short term price target for ASML Holding N.V. (NASDAQ:ASML) stands at $102.6 according to 5 Analysts. The higher price target estimate for the stock has been calculated at $124 while the lower price target estimate is at $89.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Summit Research maintains its ratings on ASML Holding N.V. (NASDAQ:ASML). In the latest research report, Summit Research raises the target price from $85 per share to $100 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on April 19, 2016. For the current week, the company shares have a recommendation consensus of Buy.

ASML Holding N.V. (NASDAQ:ASML) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.05 points or 1.08% at $96.33 with 1,057,751 shares getting traded. Post opening the session at $95.64, the shares hit an intraday low of $95.63 and an intraday high of $97.18 and the price was in this range throughout the day. The company has a market cap of $41,228 million and the number of outstanding shares have been calculated to be 427,986,680 shares. The 52-week high of ASML Holding N.V. (NASDAQ:ASML) is $113 and the 52-week low is $77.1733.

ASML Holding NV (ASML) is a holding company based in the Netherlands that develops semiconductor equipment systems. Its 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-based immersion lithography platform; YieldStar, a metrology tool; PAS 5500, a step-and-scan platform; and Brion, a computational lithography verification platform. In addition, the Company provides customer support. The Companys activities are organized into three main business lines: Deep Ultraviolet (DUV) scanners, Extreme Ultraviolet (EUV) scanners, and Applications; which are supported by business functions, such as research and development (R&D), sales, operations and sourcing. The Company operates 70 offices in 16 countries and operates ASML Netherlands BV, ASML Systems BV, ASML Hong Kong Ltd., ASML US Inc. as wholly owned subsidiaries.

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