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 sent to investors on Tuesday morning. The brokerage currently has $122.00 target price 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. “
ASML has been the subject of several other research reports. Summit Redstone reissued a buy rating on shares of ASML Holding NV in a report on Wednesday, July 20th. Bank of America Corp. reissued a buy rating on shares of ASML Holding NV in a report on Saturday, June 18th. JPMorgan Chase & Co. reissued a buy rating on shares of ASML Holding NV in a report on Friday, June 17th. Berenberg Bank reissued a buy rating on shares of ASML Holding NV in a report on Tuesday, July 5th. Finally, Deutsche Bank AG reissued a hold rating on shares of ASML Holding NV in a report on Wednesday, August 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $96.10.
ASML Holding NV (NASDAQ:ASML) traded up 0.05% 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 company has a 50-day moving average price of $106.49 and a 200-day moving average price of $101.53. The firm has a market cap of $46.20 billion, a PE ratio of 31.35 and a beta of 1.35.
ASML Holding NV (NASDAQ:ASML) last announced its earnings results on Wednesday, July 20th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. ASML Holding NV had a return on equity of 14.09% and a net margin of 19.26%. The firm earned $1.74 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the firm posted $0.86 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts anticipate that ASML Holding NV will post $3.60 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc increased its stake in shares of 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. Ngam Advisors L.P. increased its stake in shares of ASML Holding NV by 5.3% in the first quarter. Ngam Advisors L.P. now owns 35,882 shares of the company’s stock worth $3,602,000 after buying an additional 1,794 shares during the period. Franklin Resources Inc. increased its stake in shares of ASML Holding NV by 6.6% in the first quarter. Franklin Resources Inc. now owns 993,576 shares of the company’s stock worth $99,745,000 after buying an additional 61,100 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in shares of ASML Holding NV during the first quarter worth about $2,068,000. Finally, Rafferty Asset Management LLC acquired a new stake in shares of ASML Holding NV during the first quarter worth about $516,000. 15.06% of the stock is owned by institutional investors and hedge funds.
About ASML Holding NV
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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