ASML (NASDAQ:ASML) Stock Rating Upgraded by Sanford C. Bernstein

ASML (NASDAQ:ASMLGet Free Report) was upgraded by stock analysts at Sanford C. Bernstein from a “hold” rating to a “buy” rating in a report released on Monday, MarketBeat.com reports.

Several other research analysts have also recently weighed in on ASML. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research note on Friday, October 10th. Rothschild & Co Redburn raised ASML from a “neutral” rating to a “buy” rating in a report on Friday, November 7th. Berenberg Bank reissued a “buy” rating on shares of ASML in a report on Thursday, October 16th. Bank Degroof cut ASML to a “hold” rating in a research report on Friday, October 10th. Finally, Arete Research raised ASML to a “strong-buy” rating in a research note on Friday, September 12th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,270.67.

View Our Latest Report on ASML

ASML Trading Up 1.1%

ASML stock opened at $1,242.19 on Monday. ASML has a 52-week low of $578.51 and a 52-week high of $1,246.38. The company has a market cap of $488.53 billion, a P/E ratio of 50.56, a P/E/G ratio of 1.83 and a beta of 1.86. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $1,065.26 and a two-hundred day simple moving average of $917.00.

ASML (NASDAQ:ASMLGet Free Report) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. The company had revenue of $8.80 billion for the quarter, compared to the consensus estimate of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $5.28 earnings per share. Analysts predict that ASML will post 25.17 EPS for the current year.

Institutional Trading of ASML

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. HBK Sorce Advisory LLC raised its position in shares of ASML by 1.0% during the third quarter. HBK Sorce Advisory LLC now owns 1,057 shares of the semiconductor company’s stock valued at $1,067,000 after buying an additional 10 shares during the last quarter. Albion Financial Group UT grew its stake in ASML by 27.8% during the third quarter. Albion Financial Group UT now owns 46 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 10 shares in the last quarter. Global Assets Advisory LLC increased its holdings in ASML by 2.3% in the 3rd quarter. Global Assets Advisory LLC now owns 452 shares of the semiconductor company’s stock valued at $438,000 after acquiring an additional 10 shares during the last quarter. State of Wyoming increased its holdings in ASML by 4.2% in the 3rd quarter. State of Wyoming now owns 247 shares of the semiconductor company’s stock valued at $239,000 after acquiring an additional 10 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in ASML by 3.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 345 shares of the semiconductor company’s stock worth $334,000 after purchasing an additional 10 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML News Summary

Here are the key news stories impacting ASML this week:

About ASML

(Get Free Report)

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

Further Reading

Analyst Recommendations for ASML (NASDAQ:ASML)

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