ASML (ASML) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of ASML (NASDAQ:ASML) from a sell rating to a hold rating in a research report released on Tuesday morning. They currently have $201.00 target price on the semiconductor company’s stock.

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. “

Other equities research analysts have also issued reports about the stock. B. Riley reaffirmed a neutral rating and issued a $166.00 price target (up from $162.00) on shares of ASML in a report on Monday, October 16th. Sanford C. Bernstein reaffirmed an outperform rating and issued a $184.00 price target (up from $172.50) on shares of ASML in a report on Thursday, September 21st. Susquehanna Bancshares raised shares of ASML from a neutral rating to a positive rating and upped their price target for the company from $130.00 to $190.00 in a report on Monday, September 18th. Bank of America reaffirmed a buy rating and issued a $210.00 price target on shares of ASML in a report on Tuesday, October 3rd. Finally, JPMorgan Chase & Co. reaffirmed a buy rating on shares of ASML in a report on Tuesday, October 3rd. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $179.71.

ASML (ASML) traded up $1.67 during trading hours on Tuesday, reaching $180.75. 915,800 shares of the company’s stock traded hands, compared to its average volume of 929,733. ASML has a one year low of $110.30 and a one 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. The stock has a market capitalization of $78,240.00, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14.

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

Hedge funds have recently bought and sold shares of the company. Cavalier Investments LLC purchased a new stake in shares of ASML during the 3rd quarter worth about $360,000. Sei Investments Co. boosted its stake in shares of ASML by 11.8% during the 3rd quarter. Sei Investments Co. now owns 737,887 shares of the semiconductor company’s stock worth $126,326,000 after acquiring an additional 77,648 shares in the last quarter. Zions Bancorporation boosted 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 acquiring an additional 2,669 shares in the last quarter. Aperio Group LLC boosted its stake in shares of ASML by 6.6% during the 3rd quarter. Aperio Group LLC now owns 97,174 shares of the semiconductor company’s stock worth $16,636,000 after acquiring an additional 6,034 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted 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 acquiring an additional 25,949 shares in the last quarter. 16.59% of the stock is currently 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.

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