ASML Holding NV (NASDAQ:ASML) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
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. “
A number of other analysts have also recently issued reports on the company. Deutsche Bank AG reissued a “hold” rating on shares of ASML Holding NV in a research report on Wednesday, August 17th. JPMorgan Chase & Co. reissued a “buy” rating on shares of ASML Holding NV in a research report on Thursday, June 23rd. Berenberg Bank reaffirmed a “buy” rating on shares of ASML Holding NV in a research report on Tuesday, July 5th. Bank of America Corp. cut ASML Holding NV from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $112.00 to $99.00 in a research report on Wednesday, August 17th. Finally, Royal Bank Of Canada increased their price objective on ASML Holding NV from $103.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $96.10.
Shares of ASML Holding NV (NASDAQ:ASML) opened at 108.74 on Wednesday. The stock has a market capitalization of $46.09 billion, a PE ratio of 31.27 and a beta of 1.35. ASML Holding NV has a 52-week low of $77.17 and a 52-week high of $111.58. The stock has a 50 day moving average price of $106.61 and a 200-day moving average price of $101.63.
ASML Holding NV (NASDAQ:ASML) last announced its earnings results on Wednesday, July 20th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The firm earned $1.74 billion during the quarter, compared to analysts’ expectations of $1.71 billion. ASML Holding NV had a return on equity of 14.09% and a net margin of 19.26%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. On average, equities research analysts anticipate that ASML Holding NV will post $3.60 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Seven Bridges Advisors LLC increased its position in ASML Holding NV by 23.0% in the second quarter. Seven Bridges Advisors LLC now owns 1,927 shares of the company’s stock valued at $191,000 after buying an additional 360 shares during the last quarter. IFP Advisors Inc increased its position in ASML Holding NV by 17.0% in the first quarter. IFP Advisors Inc now owns 1,981 shares of the company’s stock valued at $199,000 after buying an additional 288 shares during the last quarter. Checchi Capital Advisers LLC increased its position in ASML Holding NV by 7.5% in the second quarter. Checchi Capital Advisers LLC now owns 2,369 shares of the company’s stock valued at $235,000 after buying an additional 165 shares during the last quarter. Homrich & Berg bought a new position in ASML Holding NV during the second quarter valued at $241,000. Finally, Brown Advisory Inc. bought a new position in ASML Holding NV during the second quarter valued at $244,000. 15.06% of the stock is owned by hedge funds and other institutional investors.
ASML Holding NV 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 advanced semiconductor equipment systems, exclusively consisting of lithography systems. The Company’s products include systems and system related products.
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