ASML Holding NV (NASDAQ:ASML) – Analysts at KeyCorp increased their Q1 2018 earnings per share estimates for ASML in a research note issued on Wednesday. KeyCorp analyst W. Twigg now forecasts that the semiconductor company will post earnings of $1.41 per share for the quarter, up from their prior estimate of $1.39. KeyCorp also issued estimates for ASML’s Q2 2018 earnings at $1.64 EPS, Q3 2018 earnings at $1.74 EPS, Q1 2019 earnings at $1.97 EPS, Q2 2019 earnings at $2.15 EPS, Q4 2019 earnings at $2.28 EPS and FY2019 earnings at $8.65 EPS.
Several other research firms have also weighed in on ASML. B. Riley raised their price objective on shares of ASML from $166.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday. Credit Suisse Group raised their price objective on shares of ASML from $140.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Royal Bank of Canada raised their price objective on shares of ASML to $210.00 and gave the stock a “sector perform” rating in a report on Thursday. They noted that the move was a valuation call. Bank of America reaffirmed a “buy” rating and set a $210.00 price objective on shares of ASML in a report on Tuesday, October 3rd. Finally, Zacks Investment Research raised shares of ASML from a “sell” rating to a “hold” rating and set a $201.00 price target for the company in a report on Tuesday, January 2nd. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $192.43.
ASML (NASDAQ:ASML) last announced 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 firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.15 billion. ASML had a net margin of 24.28% and a return on equity of 21.49%. The company’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 earnings per share.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital World Investors grew its holdings in ASML by 0.6% during the 2nd quarter. Capital World Investors now owns 25,172,077 shares of the semiconductor company’s stock worth $3,280,173,000 after acquiring an additional 153,276 shares during the period. Artisan Partners Limited Partnership grew its holdings in ASML by 8.7% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,422,603 shares of the semiconductor company’s stock worth $414,750,000 after acquiring an additional 193,896 shares during the period. Fisher Asset Management LLC grew its holdings in ASML by 3.5% during the 3rd quarter. Fisher Asset Management LLC now owns 2,018,226 shares of the semiconductor company’s stock worth $345,520,000 after acquiring an additional 67,528 shares during the period. Janus Henderson Group PLC grew its holdings in ASML by 18.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,839,320 shares of the semiconductor company’s stock worth $314,892,000 after acquiring an additional 282,357 shares during the period. Finally, Winslow Capital Management LLC acquired a new stake in ASML during the 2nd quarter worth $188,068,000. 16.60% of the stock is owned by hedge funds and other institutional investors.
ASML announced that its board has approved a share repurchase program on Wednesday, January 17th that allows the company to buyback shares. This buyback authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
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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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