ASML (ASML) Rating Increased to Buy at Zacks Investment Research

ASML (NASDAQ:ASML) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm currently has a $228.00 target price on the semiconductor company’s stock. Zacks Investment Research‘s price target points to a potential upside of 10.94% from the company’s previous close.

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. “

ASML has been the topic of a number of other reports. Credit Suisse Group raised shares of ASML from a “neutral” rating to an “outperform” rating in a research note on Monday. BidaskClub raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. B. Riley reaffirmed a “hold” rating and issued a $166.00 price objective on shares of ASML in a research note on Tuesday. BNP Paribas raised shares of ASML from a “neutral” rating to an “outperform” rating in a research note on Thursday, October 12th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML in a research note on Tuesday, October 3rd. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $196.29.

Shares of ASML (NASDAQ:ASML) traded up $2.16 during midday trading on Friday, reaching $205.52. 1,123,103 shares of the company traded hands, compared to its average volume of 1,234,516. The company has a market capitalization of $88,510.00, a price-to-earnings ratio of 34.20, a PEG ratio of 1.38 and a beta of 1.14. ASML has a fifty-two week low of $119.83 and a fifty-two week high of $206.03. 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 (NASDAQ:ASML) last issued its earnings results on Wednesday, January 17th. The semiconductor company reported $1.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.52. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.15 billion. ASML had a net margin of 24.28% and a return on equity of 21.49%. ASML’s revenue was up 34.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 earnings per share. equities analysts anticipate that ASML will post 6.38 EPS for the current year.

ASML declared that its board has authorized a share repurchase plan on Wednesday, January 17th that permits the company to buyback outstanding shares. This buyback authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. M&T Bank Corp lifted its position in shares of ASML by 8.1% during the second quarter. M&T Bank Corp now owns 2,775 shares of the semiconductor company’s stock valued at $362,000 after purchasing an additional 207 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in ASML by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 69,606 shares of the semiconductor company’s stock worth $9,070,000 after buying an additional 216 shares during the last quarter. Comerica Bank increased its holdings in ASML by 1.1% during the third quarter. Comerica Bank now owns 24,807 shares of the semiconductor company’s stock worth $4,413,000 after buying an additional 274 shares during the last quarter. Advisor Group Inc. increased its holdings in ASML by 11.9% during the second quarter. Advisor Group Inc. now owns 2,960 shares of the semiconductor company’s stock worth $385,000 after buying an additional 315 shares during the last quarter. Finally, Sheets Smith Wealth Management increased its holdings in ASML by 22.1% during the fourth quarter. Sheets Smith Wealth Management now owns 2,280 shares of the semiconductor company’s stock worth $396,000 after buying an additional 412 shares during the last quarter. 16.60% of the stock is currently owned by institutional investors.

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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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