ASML (NASDAQ:ASML) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, January 2nd. The firm presently has a $201.00 price target on the semiconductor company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 11.23% from the stock’s previous close.
According to Zacks, “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. “
Other research analysts also recently issued research reports about the company. B. Riley reaffirmed a “neutral” rating and issued a $166.00 price objective (up previously from $162.00) on shares of ASML in a research note on Monday, October 16th. BNP Paribas raised ASML from a “neutral” rating to an “outperform” rating in a research note on Thursday, October 12th. Credit Suisse Group lifted their target price on ASML from $140.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. JPMorgan Chase & Co. reissued a “buy” rating on shares of ASML in a research note on Tuesday, October 3rd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $155.00 price objective on shares of ASML in a research note on Tuesday, October 3rd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $179.71.
Shares of ASML (ASML) opened at $180.71 on Tuesday. The company has a current ratio of 2.79, a quick ratio of 1.78 and a debt-to-equity ratio of 0.29. ASML has a 12-month low of $112.19 and a 12-month high of $186.37. The company has a market capitalization of $78,240.00, a price-to-earnings ratio of 32.68, a P/E/G ratio of 1.35 and a beta of 1.14.
ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, October 18th. The semiconductor company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.28 by $0.24. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.22 billion. ASML had a return on equity of 19.28% and a net margin of 23.81%. ASML’s revenue was up 34.8% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. research analysts predict that ASML will post 5.28 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Massey Quick Simon & CO. LLC purchased a new stake in shares of ASML in the 3rd quarter worth $108,000. Northeast Investment Management purchased a new stake in shares of ASML in the 3rd quarter worth $209,000. Adviser Investments LLC purchased a new stake in shares of ASML in the 3rd quarter worth $229,000. Mckinley Capital Management LLC Delaware bought a new position in shares of ASML in the 2nd quarter worth $265,000. Finally, Legal & General Group Plc bought a new position in shares of ASML in the 3rd quarter worth $283,000. Institutional investors and hedge funds own 16.59% of the company’s stock.
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ASML Company Profile
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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