ASML (NASDAQ:ASML) Receives Neutral Rating from Jefferies Financial Group

ASML (NASDAQ:ASMLGet Free Report)‘s stock had its “neutral” rating reissued by equities research analysts at Jefferies Financial Group in a note issued to investors on Tuesday,MarketScreener reports.

Several other brokerages have also weighed in on ASML. Bank Degroof lowered shares of ASML to a “hold” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a report on Wednesday, December 10th. Rothschild & Co Redburn upgraded shares of ASML from a “neutral” rating to a “buy” rating in a research report on Friday, November 7th. Susquehanna reaffirmed a “positive” rating on shares of ASML in a research report on Monday. Finally, Citigroup reiterated a “buy” rating on shares of ASML in a research note on Wednesday, December 10th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus price target of $1,392.75.

Read Our Latest Stock Report on ASML

ASML Stock Performance

Shares of ASML traded up $67.88 during mid-day trading on Tuesday, reaching $1,331.60. The company’s stock had a trading volume of 2,850,062 shares, compared to its average volume of 2,024,869. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. ASML has a 1-year low of $578.51 and a 1-year high of $1,358.00. The business has a 50-day simple moving average of $1,088.57 and a two-hundred day simple moving average of $935.13. The stock has a market cap of $523.70 billion, a P/E ratio of 54.20, a PEG ratio of 1.88 and a beta of 1.86.

ASML (NASDAQ:ASMLGet Free Report) last posted its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The business had revenue of $8.80 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the prior year, the business earned $5.28 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities research analysts anticipate that ASML will post 25.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ASML

Several institutional investors and hedge funds have recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new stake in ASML in the third quarter valued at approximately $25,000. Princeton Global Asset Management LLC lifted its stake in shares of ASML by 153.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 20 shares during the last quarter. City Holding Co. acquired a new stake in shares of ASML during the 3rd quarter valued at $26,000. Binnacle Investments Inc boosted its holdings in shares of ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 15 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. bought a new stake in ASML during the 2nd quarter worth $30,000. Institutional investors own 26.07% of the company’s stock.

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About ASML

(Get Free Report)

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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