BidaskClub downgraded shares of ASML (NASDAQ:ASML) from a hold rating to a sell rating in a report issued on Tuesday morning.

Several other brokerages have also issued reports on ASML. ValuEngine lowered shares of ASML from a buy rating to a hold rating in a report on Friday, September 7th. Royal Bank of Canada reissued a buy rating and set a price objective on shares of ASML in a report on Wednesday, July 18th. BlueFin Research raised shares of ASML from a neutral rating to a positive rating in a report on Monday, July 16th. Cowen initiated coverage on shares of ASML in a report on Monday, May 14th. They set a market perform rating on the stock. Finally, Credit Suisse Group lifted their price objective on shares of ASML from $194.00 to $215.00 and gave the company an outperform rating in a report on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $210.43.

ASML stock opened at $184.35 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 2.73 and a debt-to-equity ratio of 0.28. ASML has a fifty-two week low of $160.95 and a fifty-two week high of $221.66. The company has a market cap of $74.80 billion, a PE ratio of 33.10, a P/E/G ratio of 1.34 and a beta of 1.06.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, July 18th. The semiconductor company reported $1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.20. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.56 billion. ASML had a net margin of 23.86% and a return on equity of 22.51%. The company’s revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 earnings per share. sell-side analysts predict that ASML will post 6.98 EPS for the current year.

A number of hedge funds have recently modified their holdings of the stock. Smithfield Trust Co. purchased a new position in ASML in the second quarter worth $104,000. Clearwater Capital Advisors LLC purchased a new position in ASML in the first quarter worth $114,000. Institutional & Family Asset Management LLC purchased a new position in ASML in the first quarter worth $115,000. Signaturefd LLC purchased a new position in ASML in the first quarter worth $151,000. Finally, Nomura Asset Management Co. Ltd. purchased a new position in ASML in the second quarter worth $201,000. 16.64% of the stock is currently owned by institutional investors.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells three categories of products, including DUV lithography, EUV lithography, and Holistic lithography solutions.

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Analyst Recommendations for ASML (NASDAQ:ASML)

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