ASML Holding NV (ASML) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS
ASML Holding NV (NASDAQ:ASML) posted its earnings results on Wednesday. The company reported $1.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by $0.01. ASML Holding NV had a return on equity of 14.09% and a net margin of 19.26%. The company earned $1.82 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis.
Shares of ASML Holding NV (NASDAQ:ASML) opened at 104.09 on Thursday. ASML Holding NV has a 52 week low of $77.17 and a 52 week high of $111.58. The company has a market capitalization of $44.12 billion, a price-to-earnings ratio of 30.14 and a beta of 1.35. The stock has a 50 day moving average of $105.62 and a 200-day moving average of $101.90.
A number of institutional investors have recently modified their holdings of ASML. Seven Bridges Advisors LLC increased its position in shares of 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 period. Checchi Capital Advisers LLC increased its position in shares of 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 period. Homrich & Berg acquired a new position in shares of ASML Holding NV during the second quarter valued at $241,000. Brown Advisory Inc. acquired a new position in shares of ASML Holding NV during the second quarter valued at $244,000. Finally, Scotia Capital Inc. acquired a new position in shares of ASML Holding NV during the first quarter valued at $251,000. Institutional investors own 15.06% of the company’s stock.
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Several equities research analysts have recently commented on the stock. Bank of America Corp. cut shares of ASML Holding NV from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $112.00 to $99.00 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 reissued a “buy” rating on shares of ASML Holding NV in a research report on Tuesday, June 28th. B. Riley reissued a “neutral” rating and set a $113.00 price target on shares of ASML Holding NV in a research report on Tuesday, July 26th. Finally, Zacks Investment Research raised shares of ASML Holding NV from a “sell” rating to a “hold” rating in a research report on Friday, July 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. ASML Holding NV has an average rating of “Hold” and a consensus price target of $96.10.
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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