ASML Holding (NASDAQ:ASML) – KeyCorp lifted their Q4 2018 earnings per share estimates for shares of ASML in a report released on Wednesday, April 18th. KeyCorp analyst W. Twigg now forecasts that the semiconductor company will earn $2.02 per share for the quarter, up from their previous estimate of $1.96. KeyCorp also issued estimates for ASML’s Q1 2019 earnings at $1.99 EPS, Q2 2019 earnings at $2.18 EPS, Q3 2019 earnings at $2.29 EPS, Q4 2019 earnings at $2.30 EPS and FY2019 earnings at $8.77 EPS.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of ASML from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a report on Friday, January 19th. BidaskClub raised shares of ASML from a “hold” rating to a “buy” rating in a report on Friday, January 19th. ValuEngine raised shares of ASML from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Santander lowered shares of ASML from a “buy” rating to a “hold” rating in a report on Monday, March 19th. Finally, B. Riley reaffirmed a “hold” rating and set a $166.00 target price on shares of ASML in a report on Tuesday, January 16th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $197.43.
ASML stock opened at $193.02 on Friday. ASML has a 52-week low of $126.03 and a 52-week high of $216.00. The firm has a market cap of $88,179.73, a PE ratio of 34.65, a price-to-earnings-growth ratio of 1.51 and a beta of 1.17. The company has a quick ratio of 1.81, a current ratio of 2.70 and a debt-to-equity ratio of 0.28.
ASML (NASDAQ:ASML) last released its earnings results on Wednesday, April 18th. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.17. ASML had a net margin of 24.30% and a return on equity of 22.33%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC grew its holdings in shares of ASML by 2.8% in the fourth quarter. Fisher Asset Management LLC now owns 2,075,281 shares of the semiconductor company’s stock valued at $360,725,000 after purchasing an additional 57,055 shares during the period. Worth Venture Partners LLC purchased a new stake in shares of ASML in the fourth quarter valued at about $278,000. Delek Group Ltd. purchased a new stake in shares of ASML in the fourth quarter valued at about $111,000. Jennison Associates LLC purchased a new stake in shares of ASML in the fourth quarter valued at about $470,000. Finally, Mission Wealth Management LP purchased a new stake in shares of ASML in the fourth quarter valued at about $222,000. 16.90% of the stock is owned by hedge funds and other institutional investors.
ASML announced that its Board of Directors has initiated a share buyback plan on Wednesday, January 17th that permits the company to repurchase shares. This repurchase authorization permits the semiconductor company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
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ASML Company Profile
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells three categories of products, including DUV lithography, EUV lithography, and Holistic lithography solutions.
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