ASML Holding NV (ASML) Cut to “Hold” at Zacks Investment Research
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 brokerages also recently issued reports on ASML. Berenberg Bank restated a buy rating on shares of ASML Holding NV in a report on Tuesday, July 5th. B. Riley reiterated a neutral rating and set a $113.00 target price on shares of ASML Holding NV in a report on Thursday, July 21st. Bank of America Corp. reiterated a buy rating on shares of ASML Holding NV in a report on Saturday, June 18th. JPMorgan Chase & Co. reiterated a buy rating on shares of ASML Holding NV in a report on Friday, June 17th. Finally, Deutsche Bank AG reiterated a hold rating on shares of ASML Holding NV in a report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $96.10.
ASML Holding NV (NASDAQ:ASML) opened at 106.38 on Wednesday. The company has a market cap of $45.09 billion, a price-to-earnings ratio of 30.61 and a beta of 1.35. ASML Holding NV has a 12-month low of $77.17 and a 12-month high of $111.58. The stock has a 50 day moving average price of $106.62 and a 200-day moving average price of $101.69.
ASML Holding NV (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the business earned $0.86 EPS. ASML Holding NV’s revenue was up 5.2% compared to the same quarter last year. On average, analysts predict that ASML Holding NV will post $3.60 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in ASML. Seven Bridges Advisors LLC boosted its position 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 during the period. 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 valued at $199,000 after buying an additional 288 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 valued at $235,000 after buying an additional 165 shares during the period. Homrich & Berg acquired a new position in ASML Holding NV during the second quarter valued at about $241,000. Finally, Brown Advisory Inc. acquired a new position in ASML Holding NV during the second quarter valued at about $244,000. 15.06% of the stock is currently owned by institutional investors and hedge funds.
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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