ASML (NASDAQ:ASML) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, BidAskClub reports.

Several other analysts have also issued reports on the company. Wells Fargo & Co initiated coverage on ASML in a report on Wednesday, June 19th. They set an “outperform” rating and a $230.00 target price on the stock. Morgan Stanley initiated coverage on ASML in a research note on Wednesday, June 19th. They issued an “overweight” rating on the stock. Royal Bank of Canada reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 18th. Zacks Investment Research lowered ASML from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Finally, Goldman Sachs Group lowered ASML from a “conviction-buy” rating to a “buy” rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $206.50.

ASML opened at $199.04 on Monday. The firm has a market cap of $85.22 billion, a price-to-earnings ratio of 27.72, a P/E/G ratio of 1.47 and a beta of 1.20. ASML has a 52-week low of $144.50 and a 52-week high of $221.66. The company has a current ratio of 2.78, a quick ratio of 1.87 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average is $195.30.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, April 17th. The semiconductor company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.89. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.10 billion. ASML had a return on equity of 22.70% and a net margin of 23.66%. ASML’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 EPS. As a group, equities analysts anticipate that ASML will post 6.99 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. FMR LLC boosted its stake in shares of ASML by 37.2% during the first quarter. FMR LLC now owns 4,484,787 shares of the semiconductor company’s stock valued at $843,365,000 after purchasing an additional 1,215,606 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of ASML by 13.5% during the first quarter. WCM Investment Management LLC now owns 3,117,183 shares of the semiconductor company’s stock valued at $586,186,000 after purchasing an additional 370,629 shares in the last quarter. BlackRock Inc. boosted its stake in shares of ASML by 1.0% during the first quarter. BlackRock Inc. now owns 2,033,354 shares of the semiconductor company’s stock valued at $382,373,000 after purchasing an additional 19,568 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of ASML by 6.4% during the first quarter. Neuberger Berman Group LLC now owns 1,297,714 shares of the semiconductor company’s stock valued at $243,895,000 after purchasing an additional 77,527 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of ASML by 12.0% during the first quarter. Northern Trust Corp now owns 770,173 shares of the semiconductor company’s stock valued at $144,830,000 after purchasing an additional 82,603 shares in the last quarter. 16.80% of the stock is currently owned by hedge funds and other 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 Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.

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Analyst Recommendations for ASML (NASDAQ:ASML)

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