ASML (NASDAQ:ASML) Receives New Coverage from Analysts at Societe Generale

Societe Generale initiated coverage on shares of ASML (NASDAQ:ASML) in a research report released on Monday morning, Briefing.com Automated Import reports. The brokerage issued a buy rating on the semiconductor company’s stock.

A number of other analysts have also recently weighed in on ASML. Zacks Investment Research raised shares of GreenTree Hospitality Group from a sell rating to a hold rating in a report on Monday, April 15th. Goldman Sachs Group set a GBX 4,300 ($56.19) price objective on shares of ASOS and gave the stock a buy rating in a report on Monday, April 15th. ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Wells Fargo & Co set a $45.00 price objective on shares of Perrigo and gave the stock a hold rating in a report on Wednesday, June 19th. Finally, Royal Bank of Canada reaffirmed a neutral rating and issued a $145.00 price objective on shares of Travelers Companies in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. ASML presently has a consensus rating of Buy and an average price target of $206.50.

ASML stock opened at $208.74 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.87 and a current ratio of 2.78. ASML has a fifty-two week low of $144.50 and a fifty-two week high of $221.66. The business has a 50-day moving average price of $198.92. The firm has a market cap of $87.68 billion, a PE ratio of 29.07, a PEG ratio of 2.09 and a beta of 1.21.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, April 17th. The semiconductor company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.89. ASML had a net margin of 23.66% and a return on equity of 22.70%. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter last year, the company earned $1.26 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, analysts expect that ASML will post 6.99 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Brinker Capital Inc. increased its stake in ASML by 1.2% during the 1st quarter. Brinker Capital Inc. now owns 5,281 shares of the semiconductor company’s stock valued at $993,000 after buying an additional 62 shares during the period. Raymond James Trust N.A. increased its stake in ASML by 2.7% during the 1st quarter. Raymond James Trust N.A. now owns 3,486 shares of the semiconductor company’s stock valued at $655,000 after buying an additional 91 shares during the period. Evergreen Capital Management LLC increased its stake in ASML by 5.8% during the 1st quarter. Evergreen Capital Management LLC now owns 1,818 shares of the semiconductor company’s stock valued at $342,000 after buying an additional 99 shares during the period. Park National Corp OH increased its stake in ASML by 8.7% during the 2nd quarter. Park National Corp OH now owns 1,287 shares of the semiconductor company’s stock valued at $268,000 after buying an additional 103 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. increased its stake in ASML by 115.0% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 215 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 115 shares during the period. 16.80% of the stock is currently owned by hedge funds and other institutional investors.

About ASML

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 Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.

See Also: How to build a Fibonacci channel

Analyst Recommendations for ASML (NASDAQ:ASML)

Receive News & Ratings for ASML Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASML and related companies with MarketBeat.com's FREE daily email newsletter.