ASML (NASDAQ:ASML) Rating Lowered to Hold at Zacks Research

ASML (NASDAQ:ASML) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research firms also recently issued reports on ASML. Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a research note on Friday, January 16th. UBS Group restated a “buy” rating on shares of ASML in a research report on Tuesday. KGI Securities set a $1,415.00 price objective on shares of ASML and gave the company an “outperform” rating in a research report on Thursday, January 15th. Berenberg Bank reissued a “buy” rating on shares of ASML in a research note on Friday, January 23rd. Finally, Citigroup restated a “buy” rating on shares of ASML in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $1,475.00.

ASML Trading Up 2.8%

Shares of ASML stock opened at $1,399.37 on Tuesday. ASML has a twelve month low of $578.51 and a twelve month high of $1,547.22. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $1,342.26 and a 200-day moving average price of $1,098.50. The firm has a market cap of $550.34 billion, a price-to-earnings ratio of 54.20, a PEG ratio of 1.55 and a beta of 1.88.

Hedge Funds Weigh In On ASML

Several hedge funds have recently added to or reduced their stakes in the company. Pure Financial Advisors LLC raised its position in ASML by 2.0% in the 4th quarter. Pure Financial Advisors LLC now owns 929 shares of the semiconductor company’s stock worth $994,000 after purchasing an additional 18 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of ASML during the fourth quarter valued at approximately $2,140,000. Rehmann Capital Advisory Group grew its stake in shares of ASML by 18.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 958 shares of the semiconductor company’s stock valued at $1,028,000 after buying an additional 152 shares during the last quarter. SHP Wealth Management purchased a new stake in shares of ASML in the fourth quarter worth approximately $254,000. Finally, CFO Capital Management LLC purchased a new stake in shares of ASML in the fourth quarter worth approximately $226,000. 26.07% of the stock is currently owned by institutional investors.

ASML Company Profile

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.