ASML (NASDAQ:ASML) had its price target upped by Royal Bank of Canada to $210.00 in a research report issued to clients and investors on Thursday. The firm currently has a “sector perform” rating on the semiconductor company’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 2.18% from the stock’s current price. The analysts noted that the move was a valuation call.
A number of other analysts also recently commented on ASML. Sanford C. Bernstein reiterated an “outperform” rating and issued a $184.00 price objective (up previously from $172.50) on shares of ASML in a report on Thursday, September 21st. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of ASML from a “hold” rating to a “buy” rating and set a $191.00 price objective for the company in a report on Tuesday, October 3rd. Bank of America reiterated a “buy” rating and issued a $210.00 price objective on shares of ASML in a report on Tuesday, October 3rd. Finally, BNP Paribas upgraded shares of ASML from a “neutral” rating to an “outperform” rating in a report on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $196.29.
Shares of ASML (NASDAQ:ASML) traded up $2.16 during trading on Thursday, reaching $205.52. 1,120,000 shares of the company were exchanged, compared to its average volume of 1,010,000. The stock has a market cap of $88,120.00, a price-to-earnings ratio of 34.25, a PEG ratio of 1.35 and a beta of 1.14. ASML has a 1 year low of $119.83 and a 1 year high of $206.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.70 and a quick ratio of 1.78.
ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, January 17th. The semiconductor company reported $1.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.52. The firm 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 21.16%. ASML’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same period last year, the company posted $1.23 EPS. equities analysts anticipate that ASML will post 7.31 EPS for the current fiscal year.
ASML announced that its Board of Directors has initiated a share buyback program on Wednesday, January 17th that permits the company to buyback shares. This buyback authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several hedge funds and other institutional investors have recently made changes to their positions in ASML. Massey Quick Simon & CO. LLC acquired a new stake in shares of ASML during the 3rd quarter worth approximately $108,000. Northeast Investment Management acquired a new stake in shares of ASML during the 3rd quarter worth approximately $209,000. Adviser Investments LLC acquired a new stake in shares of ASML during the 3rd quarter worth approximately $229,000. Mckinley Capital Management LLC Delaware acquired a new stake in shares of ASML during the 2nd quarter worth approximately $265,000. Finally, Legal & General Group Plc acquired a new stake in shares of ASML during the 3rd quarter worth approximately $283,000. Institutional investors and hedge funds 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.