Zacks Investment Research Lowers ASML (NASDAQ:ASML) to Sell

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Zacks Investment Research downgraded shares of ASML (NASDAQ:ASML) from a hold rating to a sell rating in a report issued on Tuesday morning, Zacks.com reports.

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. “

Several other research firms have also recently commented on ASML. ValuEngine raised ASML from a hold rating to a buy rating in a research note on Tuesday, July 2nd. Santander cut ASML from a buy rating to a hold rating in a research note on Monday, July 15th. ABN Amro assumed coverage on ASML in a research note on Monday, July 29th. They issued a hold rating for the company. New Street Research cut ASML from a buy rating to a neutral rating in a research note on Thursday, July 18th. Finally, Societe Generale assumed coverage on ASML in a research note on Monday, July 8th. They issued a buy rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. ASML presently has a consensus rating of Buy and an average price target of $204.80.

ASML stock opened at $209.86 on Tuesday. The business has a fifty day moving average price of $216.95 and a 200 day moving average price of $198.95. ASML has a fifty-two week low of $144.50 and a fifty-two week high of $234.50. The stock has a market capitalization of $92.31 billion, a price-to-earnings ratio of 32.81, a P/E/G ratio of 2.24 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.68 and a quick ratio of 1.62.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.18. ASML had a return on equity of 21.30% and a net margin of 23.08%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period last year, the firm posted $1.37 EPS. On average, equities analysts expect that ASML will post 6.8 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC bought a new stake in ASML during the first quarter worth about $1,015,000. Dorsey Wright & Associates bought a new stake in ASML during the second quarter worth about $3,807,000. Clearbridge Investments LLC raised its holdings in ASML by 10.7% during the first quarter. Clearbridge Investments LLC now owns 347,423 shares of the semiconductor company’s stock worth $65,333,000 after acquiring an additional 33,495 shares in the last quarter. Cambiar Investors LLC raised its holdings in ASML by 27.1% during the second quarter. Cambiar Investors LLC now owns 598,760 shares of the semiconductor company’s stock worth $124,500,000 after acquiring an additional 127,582 shares in the last quarter. Finally, ELCO Management Co. LLC bought a new stake in ASML during the second quarter worth about $213,000. 17.15% of the stock is owned by institutional investors and hedge funds.

ASML Company Profile

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.

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