ASML Holding N.V. (ASML) Earns Buy Rating from Bank of America Corporation
ASML Holding N.V. (NASDAQ:ASML)‘s stock had its “buy” rating restated by equities researchers at Bank of America Corporation in a note issued to investors on Tuesday. They currently have a $210.00 price target on the semiconductor company’s stock. Bank of America Corporation’s target price would indicate a potential upside of 23.20% from the company’s current price.
Several other analysts also recently issued reports on ASML. B. Riley reaffirmed a “neutral” rating and issued a $122.00 price target on shares of ASML Holding N.V. in a report on Monday, July 17th. Royal Bank Of Canada reissued a “hold” rating and set a $155.00 price objective on shares of ASML Holding N.V. in a research note on Tuesday. J P Morgan Chase & Co reissued a “buy” rating on shares of ASML Holding N.V. in a research note on Tuesday. Zacks Investment Research upgraded ASML Holding N.V. from a “hold” rating to a “buy” rating and set a $191.00 price objective for the company in a research report on Tuesday. Finally, Sanford C. Bernstein restated a “buy” rating on shares of ASML Holding N.V. in a research report on Wednesday, June 7th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $182.00.
Shares of ASML Holding N.V. (NASDAQ:ASML) traded down 0.14% during mid-day trading on Tuesday, reaching $170.46. The company’s stock had a trading volume of 454,400 shares. ASML Holding N.V. has a 1-year low of $98.71 and a 1-year high of $171.76.
ASML Holding N.V. (NASDAQ:ASML) last posted its earnings results on Wednesday, July 19th. The semiconductor company reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.99 billion. ASML Holding N.V. had a net margin of 23.69% and a return on equity of 18.48%. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS. Equities analysts forecast that ASML Holding N.V. will post $4.97 EPS for the current year.
ASML Holding N.V. announced that its board has initiated a stock repurchase program on Wednesday, July 19th that allows the company to buyback outstanding shares. This buyback authorization allows the semiconductor company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
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Several large investors have recently made changes to their positions in ASML. Tower Research Capital LLC TRC increased its stake in ASML Holding N.V. by 8.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 86 shares during the last quarter. Atlantic Trust Group LLC boosted its stake in ASML Holding N.V. by 1.1% in the 2nd quarter. Atlantic Trust Group LLC now owns 15,547 shares of the semiconductor company’s stock worth $2,026,000 after buying an additional 168 shares during the last quarter. Seven Bridges Advisors LLC boosted its stake in ASML Holding N.V. by 10.1% in the 2nd quarter. Seven Bridges Advisors LLC now owns 2,201 shares of the semiconductor company’s stock worth $287,000 after buying an additional 201 shares during the last quarter. M&T Bank Corp boosted its stake in ASML Holding N.V. by 8.1% in the 2nd quarter. M&T Bank Corp now owns 2,775 shares of the semiconductor company’s stock worth $362,000 after buying an additional 207 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its stake in ASML Holding N.V. by 5.1% in the 2nd quarter. Raymond James Trust N.A. now owns 4,487 shares of the semiconductor company’s stock worth $584,000 after buying an additional 216 shares during the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.
ASML Holding N.V. 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.
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