ASML Holding N.V.’s (ASML) Outperform Rating Reiterated at Sanford C. Bernstein
ASML Holding N.V. (NASDAQ:ASML)‘s stock had its “outperform” rating restated by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Thursday. They currently have a $184.00 price objective on the semiconductor company’s stock, up from their prior price objective of $172.50. Sanford C. Bernstein’s price target points to a potential upside of 11.39% from the company’s current price.
A number of other brokerages have also weighed in on ASML. Susquehanna Bancshares Inc upgraded shares of ASML Holding N.V. from a “neutral” rating to a “positive” rating and increased their target price for the stock from $130.00 to $190.00 in a research report on Monday. Zacks Investment Research lowered shares of ASML Holding N.V. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. B. Riley reiterated a “neutral” rating and set a $162.00 target price on shares of ASML Holding N.V. in a research report on Saturday, July 22nd. Royal Bank Of Canada increased their target price on shares of ASML Holding N.V. from $135.00 to $155.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 20th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $165.00 target price (up previously from $140.00) on shares of ASML Holding N.V. in a research report on Sunday, June 25th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $167.67.
ASML Holding N.V. (NASDAQ:ASML) last issued its earnings results on Wednesday, July 19th. The semiconductor company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the business earned $0.83 earnings per share.
ASML Holding N.V. announced that its Board of Directors has authorized a share repurchase plan on Wednesday, July 19th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
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Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its stake in ASML Holding N.V. by 8.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 86 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in ASML Holding N.V. in the first quarter valued at approximately $199,000. Sit Investment Associates Inc. raised its stake in 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 valued at $225,000 after purchasing an additional 601 shares in the last quarter. American Trust Investment Advisors LLC purchased a new stake in ASML Holding N.V. in the second quarter valued at approximately $229,000. Finally, Cim Investment Mangement Inc. purchased a new stake in ASML Holding N.V. in the first quarter valued at approximately $234,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.
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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