ASML Holding NV’s (ASML) “Buy” Rating Reaffirmed at Morgan Stanley
ASML Holding NV (NASDAQ:ASML)‘s stock had its “buy” rating reaffirmed by equities research analysts at Morgan Stanley in a report released on Monday.
Several other analysts have also issued reports on ASML. B. Riley restated a “neutral” rating and set a $89.00 target price on shares of ASML Holding NV in a research report on Friday, June 17th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML Holding NV in a research report on Friday, June 17th. Bank of America Corp. reiterated a “buy” rating on shares of ASML Holding NV in a research report on Saturday, June 18th. Zacks Investment Research lowered shares of ASML Holding NV from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Finally, Berenberg Bank reiterated a “buy” rating on shares of ASML Holding NV in a research report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. ASML Holding NV presently has an average rating of “Hold” and a consensus target price of $96.10.
Shares of ASML Holding NV (NASDAQ:ASML) traded up 1.03% during trading on Monday, reaching $107.48. 373,799 shares of the company were exchanged. The stock’s 50 day moving average is $106.62 and its 200 day moving average is $101.69. ASML Holding NV has a 1-year low of $77.17 and a 1-year high of $111.58. The company has a market capitalization of $45.56 billion, a price-to-earnings ratio of 30.93 and a beta of 1.35.
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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 the consensus estimate of $0.87 by $0.04. The company earned $1.74 billion during the quarter, compared to analyst estimates of $1.71 billion. ASML Holding NV had a net margin of 19.26% and a return on equity of 14.09%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 earnings per share. Equities analysts anticipate that ASML Holding NV will post $3.60 earnings per share for the current year.
Several large investors have recently made changes to their positions in ASML. Silvercrest Asset Management Group LLC bought a new position in ASML Holding NV during the first quarter valued at approximately $1,116,000. UBS Group AG boosted its position in shares of ASML Holding NV by 27.9% in the first quarter. UBS Group AG now owns 45,728 shares of the company’s stock valued at $4,591,000 after buying an additional 9,982 shares during the last quarter. Creative Planning boosted its stake in ASML Holding NV by 3.9% in the second quarter. Creative Planning now owns 2,657 shares of the company’s stock worth $264,000 after buying an additional 99 shares in the last quarter. Seven Bridges Advisors LLC boosted its stake 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 worth $191,000 after buying an additional 360 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in ASML Holding NV by 25.5% in the first quarter. Envestnet Asset Management Inc. now owns 61,626 shares of the company’s stock worth $6,187,000 after buying an additional 12,539 shares in the last quarter. 15.06% of the stock is currently owned by institutional investors and hedge funds.
About ASML Holding NV
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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