ASML (NASDAQ:ASML) was upgraded by research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research note issued on Monday, The Fly reports.
Several other brokerages have also issued reports on ASML. Bank of America restated a “buy” rating and set a $210.00 target price on shares of ASML in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded ASML from a “sell” rating to a “hold” rating and set a $201.00 target price for the company in a research report on Tuesday, January 2nd. B. Riley boosted their target price on ASML from $162.00 to $166.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. BNP Paribas upgraded ASML from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 12th. Finally, BidaskClub upgraded ASML from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $179.71.
Shares of ASML (NASDAQ:ASML) opened at $180.87 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.78 and a current ratio of 2.79. ASML has a 52 week low of $114.75 and a 52 week high of $186.37. The firm has a market capitalization of $77,763.43, a P/E ratio of 35.82, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14.
ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, October 18th. The semiconductor company reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.24. ASML had a return on equity of 19.28% and a net margin of 23.81%. The company had revenue of $2.45 billion for 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 firm’s revenue for the quarter was up 34.8% on a year-over-year basis. equities analysts predict that ASML will post 5.28 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Massey Quick Simon & CO. LLC purchased a new stake in ASML during the third quarter worth $108,000. Cornerstone Advisors Inc. lifted its holdings in ASML by 2,705.1% during the third quarter. Cornerstone Advisors Inc. now owns 1,094 shares of the semiconductor company’s stock worth $120,000 after buying an additional 1,055 shares during the period. Tower Research Capital LLC TRC lifted its holdings in ASML by 8.7% during the first 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 during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in ASML by 25.9% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,646 shares of the semiconductor company’s stock worth $184,000 after buying an additional 339 shares during the period. Finally, Seven Bridges Advisors LLC lifted its holdings in ASML by 23.0% during the second quarter. Seven Bridges Advisors LLC now owns 1,927 shares of the semiconductor company’s stock worth $191,000 after buying an additional 360 shares during the period. Institutional investors own 16.60% of the company’s stock.
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ASML 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.