ASML Holding N.V. (ASML) Downgraded by Zacks Investment Research
ASML Holding N.V. (NASDAQ:ASML) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
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. “
A number of other analysts also recently commented on the company. B. Riley upped their price objective on ASML Holding N.V. from $162.00 to $166.00 and gave the stock a “neutral” rating in a report on Thursday. Credit Suisse Group increased their price target on ASML Holding N.V. from $140.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday. BNP Paribas upgraded ASML Holding N.V. from a “neutral” rating to an “outperform” rating in a report on Thursday, October 12th. Bank of America Corporation reiterated a “buy” rating and issued a $210.00 price target on shares of ASML Holding N.V. in a report on Tuesday, October 3rd. Finally, J P Morgan Chase & Co reiterated a “buy” rating on shares of ASML Holding N.V. in a report on Tuesday, October 3rd. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $178.29.
Shares of ASML Holding N.V. (ASML) traded up 1.63% during midday trading on Monday, hitting $178.07. The stock had a trading volume of 1,239,930 shares. The stock has a 50-day moving average price of $167.24 and a 200-day moving average price of $146.07. The stock has a market cap of $76.67 billion, a P/E ratio of 33.68 and a beta of 1.13. ASML Holding N.V. has a 12-month low of $98.71 and a 12-month high of $179.28.
ASML Holding N.V. (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, October 18th. The semiconductor company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.24. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.22 billion. ASML Holding N.V. had a return on equity of 19.82% and a net margin of 23.81%. The business’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS. Equities analysts forecast that ASML Holding N.V. will post $5.05 earnings per share for the current year.
ASML Holding N.V. declared that its board has authorized a share repurchase plan on Wednesday, July 19th that permits the company to repurchase shares. This repurchase authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
A number of large investors have recently bought and sold shares of the business. Capital World Investors boosted its position in ASML Holding N.V. by 0.6% in the 2nd quarter. Capital World Investors now owns 25,172,077 shares of the semiconductor company’s stock valued at $3,280,173,000 after buying an additional 153,276 shares during the last quarter. BlackRock Inc. boosted its position in ASML Holding N.V. by 1,837.0% in the 1st quarter. BlackRock Inc. now owns 2,544,452 shares of the semiconductor company’s stock valued at $337,903,000 after buying an additional 2,413,090 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in ASML Holding N.V. by 5.8% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,228,707 shares of the semiconductor company’s stock valued at $290,423,000 after buying an additional 122,552 shares during the last quarter. Fisher Asset Management LLC boosted its position in ASML Holding N.V. by 3.5% in the 3rd quarter. Fisher Asset Management LLC now owns 2,018,226 shares of the semiconductor company’s stock valued at $345,520,000 after buying an additional 67,528 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new position in ASML Holding N.V. in the 2nd quarter valued at about $202,888,000. 16.08% of the stock is owned by institutional investors.
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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