B. Riley Reaffirms Neutral Rating for ASML Holding N.V. (ASML)
ASML Holding N.V. (NASDAQ:ASML)‘s stock had its “neutral” rating reaffirmed by equities researchers at B. Riley in a research note issued to investors on Saturday. They presently have a $162.00 price target on the semiconductor company’s stock. B. Riley’s target price would indicate a potential upside of 5.00% from the company’s previous close.
ASML has been the subject of several other research reports. Zacks Investment Research upgraded shares of ASML Holding N.V. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of ASML Holding N.V. in a research report on Wednesday, May 31st. Cowen and Company restated an “outperform” rating on shares of ASML Holding N.V. in a research report on Sunday, April 23rd. Royal Bank Of Canada upped their price target on shares of ASML Holding N.V. from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 20th. 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 equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $158.00.
ASML Holding N.V. (NASDAQ:ASML) traded up 0.31% during mid-day trading on Friday, hitting $154.29. 938,449 shares of the stock traded hands. ASML Holding N.V. has a 1-year low of $98.71 and a 1-year high of $154.35. The firm has a market cap of $66.34 billion, a PE ratio of 36.94 and a beta of 1.07.
ASML Holding N.V. (NASDAQ:ASML) last released its earnings results on Wednesday, July 19th. The semiconductor company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.02. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.99 billion. ASML Holding N.V. had a net margin of 23.69% and a return on equity of 18.48%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Equities research analysts anticipate that ASML Holding N.V. will post $4.62 earnings per share for the current fiscal year.
ASML Holding N.V. declared that its Board of Directors has initiated a share buyback plan on Wednesday, July 19th that authorizes the company to repurchase shares. This repurchase authorization authorizes the semiconductor company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
Institutional investors have recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC bought a new position in shares of ASML Holding N.V. during the second quarter worth about $945,000. Sit Investment Associates Inc. raised its position in shares of ASML Holding N.V. by 53.4% in the second quarter. Sit Investment Associates Inc. now owns 1,726 shares of the semiconductor company’s stock worth $225,000 after buying an additional 601 shares in the last quarter. Aperio Group LLC raised its position in shares of ASML Holding N.V. by 10.3% in the second quarter. Aperio Group LLC now owns 91,140 shares of the semiconductor company’s stock worth $11,876,000 after buying an additional 8,532 shares in the last quarter. Jarislowsky Fraser Ltd bought a new position in shares of ASML Holding N.V. during the second quarter worth about $320,000. Finally, Fisher Asset Management LLC raised its position in shares of ASML Holding N.V. by 235.7% in the second quarter. Fisher Asset Management LLC now owns 1,950,698 shares of the semiconductor company’s stock worth $254,196,000 after buying an additional 1,369,671 shares in the last quarter. Hedge funds and other 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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