ASML (NASDAQ:ASML) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

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 have also recently issued reports on ASML. B. Riley boosted their price objective on ASML from $166.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday. Royal Bank of Canada boosted their price objective on ASML to $210.00 and gave the company a “sector perform” rating in a research report on Thursday. They noted that the move was a valuation call. BidaskClub cut ASML from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. JPMorgan Chase & Co. restated a “buy” rating on shares of ASML in a research report on Tuesday, October 3rd. Finally, Bank of America restated a “buy” rating and set a $210.00 price objective on shares of ASML in a research report on Tuesday, October 3rd. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $192.43.

Shares of ASML (NASDAQ:ASML) traded up $4.18 during mid-day trading on Thursday, hitting $203.36. The stock had a trading volume of 3,618,518 shares, compared to its average volume of 1,243,802. ASML has a one year low of $119.83 and a one year high of $205.58. The firm has a market capitalization of $87,080.00, a price-to-earnings ratio of 35.99, a PEG ratio of 1.28 and a beta of 1.14. The company has a current ratio of 2.79, a quick ratio of 1.78 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, January 17th. The semiconductor company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.52. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.15 billion. ASML had a return on equity of 19.28% and a net margin of 23.81%. The company’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 earnings per share. equities analysts expect that ASML will post 5.37 EPS for the current fiscal year.

ASML announced that its Board of Directors has approved a stock repurchase program on Wednesday, January 17th that allows the company to buyback outstanding shares. This buyback authorization allows the semiconductor company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Hedge funds have recently made changes to their positions in the company. Massey Quick Simon & CO. LLC acquired a new position in shares of ASML during the third quarter valued at $108,000. Northeast Investment Management acquired a new position in shares of ASML during the third quarter valued at $209,000. Adviser Investments LLC acquired a new position in shares of ASML during the third quarter valued at $229,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of ASML during the second quarter valued at $265,000. Finally, Legal & General Group Plc acquired a new position in shares of ASML during the third quarter valued at $283,000. 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.

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