B. Riley Raises ASML Holding N.V. (ASML) Price Target to $166.00
ASML Holding N.V. (NASDAQ:ASML) had its price target hoisted by B. Riley from $162.00 to $166.00 in a research note issued to investors on Thursday. The firm presently has a “neutral” rating on the semiconductor company’s stock. B. Riley’s target price would indicate a potential downside of 3.34% from the company’s current price.
ASML has been the subject of a number of other reports. Zacks Investment Research raised ASML Holding N.V. from a “hold” rating to a “buy” rating and set a $191.00 price target for the company in a report on Tuesday, October 3rd. 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, June 25th. Royal Bank Of Canada reissued a “hold” rating and issued a $155.00 price target on shares of ASML Holding N.V. in a report on Tuesday, October 3rd. J P Morgan Chase & Co reiterated a “buy” rating on shares of ASML Holding N.V. in a research note on Tuesday, October 3rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $184.00 target price (up from $172.50) on shares of ASML Holding N.V. in a research note on Thursday, September 21st. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $178.29.
Shares of ASML Holding N.V. (NASDAQ:ASML) traded up 2.2163% during mid-day trading on Thursday, reaching $175.5361. The company’s stock had a trading volume of 678,784 shares. ASML Holding N.V. has a 1-year low of $98.71 and a 1-year high of $176.87. The company’s 50-day moving average is $166.09 and its 200 day moving average is $145.54. The firm has a market capitalization of $75.57 billion, a P/E ratio of 33.2015 and a beta of 1.13.
ASML Holding N.V. (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, October 18th. The semiconductor company reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.24. ASML Holding N.V. had a return on equity of 18.48% and a net margin of 23.69%. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was up 34.8% compared to the same quarter last year. On average, analysts expect that ASML Holding N.V. will post $5.03 earnings per share for the current year.
ASML Holding N.V. announced that its board has initiated a share buyback plan on Wednesday, July 19th that permits the company to buyback shares. This buyback authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its position in ASML Holding N.V. by 8.7% during the first quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the semiconductor company’s stock valued at $143,000 after acquiring an additional 86 shares during the period. Sit Investment Associates Inc. grew its position in ASML Holding N.V. by 53.4% during the second quarter. Sit Investment Associates Inc. now owns 1,726 shares of the semiconductor company’s stock valued at $225,000 after acquiring an additional 601 shares during the period. American Trust Investment Advisors LLC purchased a new stake in ASML Holding N.V. during the second quarter valued at about $229,000. Mckinley Capital Management LLC Delaware purchased a new stake in ASML Holding N.V. during the second quarter valued at about $265,000. Finally, Seven Bridges Advisors LLC grew its position in ASML Holding N.V. by 10.1% during the second quarter. Seven Bridges Advisors LLC now owns 2,201 shares of the semiconductor company’s stock valued at $287,000 after acquiring an additional 201 shares during the period. 16.08% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for ASML Holding N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASML Holding N.V. and related companies with MarketBeat.com's FREE daily email newsletter.