ASML Holding N.V. (NASDAQ:ASML) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $150.00 target price on the semiconductor company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 13.32% from the company’s previous close.

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. “

ASML has been the subject of several other reports. Bank of America Corporation reissued a “buy” rating and issued a $165.00 price target (up from $140.00) on shares of ASML Holding N.V. in a report on Sunday. Citigroup Inc. raised shares of ASML Holding N.V. from a “neutral” rating to a “buy” rating in a report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of ASML Holding N.V. in a report on Wednesday, May 31st. Cowen and Company reissued an “outperform” rating on shares of ASML Holding N.V. in a report on Sunday, April 23rd. Finally, Stifel Nicolaus upgraded shares of ASML Holding N.V. from a “hold” rating to a “buy” rating in a research report on Thursday, April 20th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $143.00.

Shares of ASML Holding N.V. (ASML) traded down 1.05% on Tuesday, hitting $132.37. 1,783,558 shares of the stock traded hands. ASML Holding N.V. has a 52 week low of $91.15 and a 52 week high of $137.27. The stock has a 50-day moving average price of $133.26 and a 200 day moving average price of $124.58. The firm has a market cap of $56.91 billion, a P/E ratio of 32.45 and a beta of 1.11.

ASML Holding N.V. (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, April 19th. The semiconductor company reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.13. ASML Holding N.V. had a net margin of 23.27% and a return on equity of 18.64%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 45.8% compared to the same quarter last year. Equities research analysts predict that ASML Holding N.V. will post $4.44 EPS for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the company. Assetmark Inc. boosted its position in shares of ASML Holding N.V. by 0.3% in the first quarter. Assetmark Inc. now owns 1,634 shares of the semiconductor company’s stock worth $217,000 after buying an additional 5 shares during the last quarter. Homrich & Berg boosted its position in shares of ASML Holding N.V. by 0.4% in the third quarter. Homrich & Berg now owns 2,435 shares of the semiconductor company’s stock worth $267,000 after buying an additional 10 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of ASML Holding N.V. by 0.4% in the first quarter. Checchi Capital Advisers LLC now owns 2,444 shares of the semiconductor company’s stock worth $325,000 after buying an additional 10 shares during the last quarter. Brown Advisory Inc. boosted its position in shares of ASML Holding N.V. by 2.3% in the fourth quarter. Brown Advisory Inc. now owns 2,528 shares of the semiconductor company’s stock worth $283,000 after buying an additional 56 shares during the last quarter. Finally, Cypress Wealth Advisors LLC boosted its position in shares of ASML Holding N.V. by 3.1% in the fourth quarter. Cypress Wealth Advisors LLC now owns 2,036 shares of the semiconductor company’s stock worth $228,000 after buying an additional 61 shares during the last quarter. Institutional investors own 16.44% of the company’s stock.

ASML Holding N.V. 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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Analyst Recommendations for ASML Holding N.V. (NASDAQ:ASML)

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