UBS Group Reaffirms “Buy” Rating for ASML (NASDAQ:ASML)

ASML (NASDAQ:ASML)‘s stock had its “buy” rating restated by equities research analysts at UBS Group in a research report issued on Thursday,MarketScreener reports.

Other equities research analysts have also recently issued reports about the company. DZ Bank reaffirmed a “neutral” rating on shares of ASML in a research note on Wednesday, October 15th. Zacks Research lowered ASML from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Redburn Partners set a $1,200.00 price target on shares of ASML in a research report on Friday, November 7th. New Street Research reissued a “neutral” rating on shares of ASML in a research note on Monday, October 6th. Finally, Wells Fargo & Company upped their target price on shares of ASML from $1,105.00 to $1,140.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,171.83.

ASML Stock Down 3.7%

Shares of NASDAQ:ASML opened at $1,080.85 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. The stock has a market cap of $425.08 billion, a price-to-earnings ratio of 43.99, a P/E/G ratio of 1.74 and a beta of 1.87. The company has a 50 day moving average of $1,039.93 and a 200-day moving average of $875.92. ASML has a one year low of $578.51 and a one year high of $1,141.72.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm had revenue of $8.80 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period last year, the firm earned $5.28 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. On average, sell-side analysts forecast that ASML will post 25.17 earnings per share for the current year.

Institutional Trading of ASML

A number of institutional investors have recently modified their holdings of ASML. Capital International Investors grew its stake in shares of ASML by 17.3% during the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after acquiring an additional 577,448 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in ASML during the first quarter worth $360,262,000. Arrowstreet Capital Limited Partnership acquired a new position in ASML during the third quarter worth $505,510,000. Regents of The University of California bought a new position in ASML in the third quarter valued at $413,335,000. Finally, WCM Investment Management LLC increased its stake in ASML by 24.9% in the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock valued at $1,861,445,000 after buying an additional 385,502 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.