ASML Holding NV (ASML) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of ASML Holding NV (NASDAQ:ASML) from a hold rating to a buy rating in a research report released on Tuesday. Zacks Investment Research currently has $122.00 price target on the stock.
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. “
A number of other equities analysts also recently weighed in on the stock. B. Riley restated a neutral rating and set a $113.00 target price on shares of ASML Holding NV in a report on Tuesday, July 26th. Bank of America Corp. restated a buy rating on shares of ASML Holding NV in a report on Saturday, June 18th. Berenberg Bank restated a buy rating on shares of ASML Holding NV in a report on Tuesday, June 28th. RBC Capital Markets restated a sector perform rating and set a $110.00 target price (up from $103.00) on shares of ASML Holding NV in a report on Friday, July 22nd. Finally, Summit Redstone restated a buy rating on shares of ASML Holding NV in a report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $96.10.
ASML Holding NV (NASDAQ:ASML) traded up 0.05% during trading on Tuesday, hitting $109.01. 103,940 shares of the stock were exchanged. ASML Holding NV has a 52 week low of $77.17 and a 52 week high of $111.58. The stock has a market capitalization of $46.20 billion, a price-to-earnings ratio of 31.35 and a beta of 1.35. The firm has a 50-day moving average of $106.49 and a 200-day moving average of $101.53.
ASML Holding NV (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.04. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.71 billion. ASML Holding NV had a net margin of 19.26% and a return on equity of 14.09%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Equities research analysts anticipate that ASML Holding NV will post $3.60 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning boosted its position in ASML Holding NV by 3.9% in the second quarter. Creative Planning now owns 2,657 shares of the company’s stock worth $264,000 after buying an additional 99 shares during the period. Geneva Advisors LLC boosted its position in ASML Holding NV by 0.6% in the second quarter. Geneva Advisors LLC now owns 21,182 shares of the company’s stock worth $2,101,000 after buying an additional 124 shares during the period. Checchi Capital Advisers LLC boosted its position in ASML Holding NV by 7.5% in the second quarter. Checchi Capital Advisers LLC now owns 2,369 shares of the company’s stock worth $235,000 after buying an additional 165 shares during the period. Glenmede Trust Co. NA boosted its position in ASML Holding NV by 1.5% in the second quarter. Glenmede Trust Co. NA now owns 16,352 shares of the company’s stock worth $1,621,000 after buying an additional 247 shares during the period. Finally, IFP Advisors Inc boosted its position in ASML Holding NV by 17.0% in the first quarter. IFP Advisors Inc now owns 1,981 shares of the company’s stock worth $199,000 after buying an additional 288 shares during the period. 15.06% of the stock is owned by hedge funds and other institutional investors.
ASML Holding NV 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 advanced semiconductor equipment systems, exclusively consisting of lithography systems. The Company’s products include systems and system related products.
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