JPMorgan Chase & Co. reiterated their buy rating on shares of ASML (NASDAQ:ASML) in a research note released on Monday.
Other research analysts also recently issued reports about the company. BidaskClub upgraded ASML from a hold rating to a buy rating in a report on Friday, July 20th. Zacks Investment Research downgraded ASML from a buy rating to a hold rating in a report on Tuesday, July 17th. Credit Suisse Group boosted their price target on ASML from $194.00 to $215.00 and gave the company an outperform rating in a report on Thursday, July 19th. Mizuho began coverage on ASML in a report on Monday, May 21st. They issued a buy rating for the company. Finally, DZ Bank restated a sell rating on shares of ASML in a report on Friday, June 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $210.43.
Shares of ASML opened at $183.09 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.73 and a quick ratio of 1.77. The firm has a market capitalization of $78.63 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 1.41 and a beta of 1.06. ASML has a fifty-two week low of $160.95 and a fifty-two week high of $221.66.
ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 18th. The semiconductor company reported $1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.20. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.56 billion. ASML had a return on equity of 22.51% and a net margin of 23.86%. ASML’s revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 EPS. analysts forecast that ASML will post 6.98 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Smithfield Trust Co. acquired a new stake in shares of ASML during the 2nd quarter worth $104,000. Clearwater Capital Advisors LLC acquired a new stake in shares of ASML during the 1st quarter worth $114,000. Institutional & Family Asset Management LLC acquired a new stake in shares of ASML during the 1st quarter worth $115,000. Nomura Asset Management Co. Ltd. acquired a new stake in shares of ASML during the 2nd quarter worth $201,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of ASML during the 1st quarter worth $202,000. Institutional investors and hedge funds own 16.67% of the company’s stock.
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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