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

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

Several other research analysts have also recently issued reports on ASML. Hsbc Global Res upgraded shares of ASML to a “strong-buy” rating in a report on Monday, October 6th. DZ Bank restated a “neutral” rating on shares of ASML in a research report on Wednesday, October 15th. Bank of America lifted their price target on ASML from $1,092.00 to $1,331.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Erste Group Bank upgraded ASML from a “hold” rating to a “buy” rating in a report on Monday, September 22nd. Finally, Barclays reaffirmed a “neutral” rating on shares of ASML in a research note on Wednesday, November 26th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,171.83.

ASML Stock Performance

Shares of NASDAQ:ASML traded down $8.51 on Tuesday, hitting $1,110.82. The company’s stock had a trading volume of 170,587 shares, compared to its average volume of 1,656,674. The company has a market capitalization of $436.86 billion, a price-to-earnings ratio of 45.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. ASML has a 12 month low of $578.51 and a 12 month high of $1,141.72. The stock’s 50-day moving average is $1,037.10 and its two-hundred day moving average is $871.75.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping the consensus estimate of $6.27 by $0.14. The business had revenue of $8.80 billion during the quarter, compared to the consensus estimate of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.28 earnings per share. On average, equities research analysts forecast that ASML will post 25.17 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Manning & Napier Advisors LLC acquired a new stake in shares of ASML during the third quarter valued at approximately $25,000. City Holding Co. acquired a new stake in ASML during the 3rd quarter valued at $26,000. Princeton Global Asset Management LLC raised its stake in ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 20 shares during the period. Binnacle Investments Inc lifted its holdings in shares of ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in shares of ASML in the third quarter worth $34,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.