ASML (ASML) Raised to Buy at BidaskClub

ASML (NASDAQ:ASML) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Friday.

Several other equities research analysts have also commented on the stock. Susquehanna Bancshares upgraded shares of ASML from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $130.00 to $190.00 in a research report on Monday, September 18th. BNP Paribas upgraded shares of ASML from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of ASML from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Sanford C. Bernstein restated an “outperform” rating and set a $184.00 target price (up from $172.50) on shares of ASML in a research report on Thursday, September 21st. Finally, B. Riley restated a “neutral” rating and set a $166.00 target price (up from $162.00) on shares of ASML in a research report on Monday, October 16th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $179.71.

Shares of ASML (NASDAQ:ASML) opened at $180.75 on Friday. The company has a market cap of $76,993.84, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. ASML has a 1 year low of $110.30 and a 1 year high of $186.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.78 and a current ratio of 2.79.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, October 18th. The semiconductor company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.28 by $0.24. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.22 billion. ASML had a net margin of 23.81% and a return on equity of 19.28%. The business’s revenue was up 34.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. sell-side analysts predict that ASML will post 5.28 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Atlantic Trust Group LLC raised its stake in shares of ASML by 697.9% during the 3rd quarter. Atlantic Trust Group LLC now owns 124,042 shares of the semiconductor company’s stock worth $21,235,000 after buying an additional 108,495 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of ASML by 5.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 515,306 shares of the semiconductor company’s stock worth $88,220,000 after buying an additional 25,949 shares during the last quarter. Zions Bancorporation raised its stake in shares of ASML by 5,802.2% during the 3rd quarter. Zions Bancorporation now owns 2,715 shares of the semiconductor company’s stock worth $465,000 after buying an additional 2,669 shares during the last quarter. Capital Bank & Trust Co raised its stake in shares of ASML by 1.0% during the 3rd quarter. Capital Bank & Trust Co now owns 378,988 shares of the semiconductor company’s stock worth $64,883,000 after buying an additional 3,841 shares during the last quarter. Finally, Whale Rock Capital Management LLC acquired a new position in ASML in the 3rd quarter valued at about $66,938,000. 16.59% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for ASML (NASDAQ:ASML)

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