Zacks Investment Research Lowers ASML Holding NV (ASML) to Hold
ASML Holding NV (NASDAQ:ASML) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
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 have also recently commented on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML Holding NV in a report on Thursday, June 23rd. Bank of America Corp. cut shares of ASML Holding NV from a “buy” rating to a “neutral” rating and cut their target price for the company from $112.00 to $99.00 in a report on Wednesday, August 17th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML Holding NV in a report on Tuesday, June 28th. B. Riley reaffirmed a “neutral” rating and issued a $113.00 target price on shares of ASML Holding NV in a report on Tuesday, July 26th. Finally, Summit Redstone reaffirmed a “buy” rating on shares of ASML Holding NV in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $96.10.
ASML Holding NV (NASDAQ:ASML) traded down 0.14% during trading on Wednesday, reaching $108.81. 262,268 shares of the company’s stock traded hands. The stock has a market cap of $46.12 billion, a P/E ratio of 31.29 and a beta of 1.35. The firm’s 50 day moving average price is $106.49 and its 200-day moving average price is $101.53. ASML Holding NV has a one year low of $77.17 and a one year high of $111.58.
ASML Holding NV (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The business earned $1.74 billion during the quarter, compared to the consensus estimate of $1.71 billion. ASML Holding NV had a net margin of 19.26% and a return on equity of 14.09%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. On average, equities analysts anticipate that ASML Holding NV will post $3.60 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Seven Bridges Advisors LLC raised its stake in ASML Holding NV by 23.0% in the second quarter. Seven Bridges Advisors LLC now owns 1,927 shares of the company’s stock valued at $191,000 after buying an additional 360 shares in the last quarter. IFP Advisors Inc raised its stake in ASML Holding NV by 17.0% in the first quarter. IFP Advisors Inc now owns 1,981 shares of the company’s stock valued at $199,000 after buying an additional 288 shares in the last quarter. Checchi Capital Advisers LLC raised its stake 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 valued at $235,000 after buying an additional 165 shares in the last quarter. Homrich & Berg acquired a new stake in ASML Holding NV during the second quarter valued at approximately $241,000. Finally, Brown Advisory Inc. acquired a new stake in ASML Holding NV during the second quarter valued at approximately $244,000. Institutional investors and hedge funds own 15.06% of the company’s stock.
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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