ASML (NASDAQ:ASML) Downgraded by Morningstar to “Sell”

Morningstar downgraded shares of ASML (NASDAQ:ASML) to a sell rating in a research report report published on Wednesday morning,MarketScreener reports.

Several other equities research analysts have also commented on the stock. Barclays raised shares of ASML to a “buy” rating in a report on Tuesday, May 19th. Susquehanna reaffirmed a “positive” rating on shares of ASML in a report on Thursday, April 9th. TD Cowen reiterated a “buy” rating on shares of ASML in a research report on Wednesday, January 28th. Wall Street Zen lowered ASML from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Zacks Research cut shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, ASML has an average rating of “Moderate Buy” and an average price target of $1,504.38.

ASML Stock Performance

NASDAQ:ASML traded up $5.27 during midday trading on Wednesday, hitting $1,603.14. The company’s stock had a trading volume of 303,120 shares, compared to its average volume of 1,805,413. ASML has a fifty-two week low of $683.48 and a fifty-two week high of $1,653.53. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The firm has a market cap of $630.48 billion, a P/E ratio of 57.57, a P/E/G ratio of 1.34 and a beta of 1.81. The firm’s 50 day moving average is $1,448.93 and its 200-day moving average is $1,311.69.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The business had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. Equities analysts anticipate that ASML will post 37.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ASML

A number of large investors have recently bought and sold shares of ASML. Cornerstone Financial Management LLC purchased a new stake in shares of ASML in the fourth quarter valued at approximately $26,000. Binnacle Investments Inc grew its stake in ASML by 78.9% in 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 during the period. Resources Management Corp CT ADV increased its holdings in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares in the last quarter. North Star Investment Management Corp. increased its holdings in ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in ASML during the fourth quarter worth $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Company Profile

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.