FY2017 Earnings Estimate for ASML Holding N.V. Issued By KeyCorp (ASML)
ASML Holding N.V. (NASDAQ:ASML) – Investment analysts at KeyCorp upped their FY2017 earnings per share estimates for shares of ASML Holding N.V. in a research report issued to clients and investors on Wednesday. KeyCorp analyst W. Twigg now forecasts that the semiconductor company will post earnings of $5.25 per share for the year, up from their prior forecast of $4.95. KeyCorp also issued estimates for ASML Holding N.V.’s Q4 2017 earnings at $1.23 EPS, Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.53 EPS and Q4 2018 earnings at $1.66 EPS.
ASML Holding N.V. (NASDAQ:ASML) last released its quarterly earnings data 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. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.22 billion. ASML Holding N.V. had a net margin of 23.81% and a return on equity of 19.82%. The business’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share.
Several other brokerages have also recently issued reports on ASML. Susquehanna Bancshares Inc raised shares of ASML Holding N.V. from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $130.00 to $190.00 in a research note on Monday, September 18th. Bank of America Corporation reissued a “buy” rating and issued a $165.00 price objective (up from $140.00) on shares of ASML Holding N.V. in a research note on Sunday, June 25th. Zacks Investment Research cut shares of ASML Holding N.V. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Sanford C. Bernstein reissued an “outperform” rating and issued a $184.00 price objective (up from $172.50) on shares of ASML Holding N.V. in a research note on Thursday, September 21st. Finally, Royal Bank Of Canada boosted their price objective on shares of ASML Holding N.V. from $135.00 to $155.00 and gave the company a “sector perform” rating in a research note on Thursday, July 20th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $178.29.
ASML Holding N.V. (NASDAQ:ASML) traded down 0.23% during mid-day trading on Friday, hitting $175.62. 561,004 shares of the stock were exchanged. ASML Holding N.V. has a 52-week low of $98.71 and a 52-week high of $176.87. The company has a 50 day moving average price of $166.70 and a 200 day moving average price of $145.76. The firm has a market cap of $75.61 billion, a price-to-earnings ratio of 33.22 and a beta of 1.13.
ASML Holding N.V. announced that its board has approved a stock repurchase program on Wednesday, July 19th that allows the company to repurchase outstanding shares. This repurchase authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
Several large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in shares of ASML Holding N.V. by 8.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the semiconductor company’s stock worth $143,000 after buying an additional 86 shares in the last quarter. Sit Investment Associates Inc. boosted its position in shares of ASML Holding N.V. by 53.4% in the 2nd 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. American Trust Investment Advisors LLC purchased a new stake in shares of ASML Holding N.V. in the 2nd quarter worth about $229,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of ASML Holding N.V. in the 2nd quarter worth about $265,000. Finally, Seven Bridges Advisors LLC boosted its position in shares of ASML Holding N.V. by 10.1% in the 2nd quarter. Seven Bridges Advisors LLC now owns 2,201 shares of the semiconductor company’s stock worth $287,000 after buying an additional 201 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.
About ASML Holding N.V.
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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