Zacks Investment Research downgraded shares of ASML Holding N.V. (NASDAQ:ASML) from a buy rating to a hold rating in a report released on Wednesday morning.
According to Zacks, “ASML is a world leader in the manufacture of advanced technology systems for the semiconductor industry. The company offers an integrated portfolio for manufacturing complex integrated circuits. ASML designs, develops, integrates, markets and services advanced systems used by customers the major global semiconductor manufacturers to create chips that power a wide array of electronic, communications and information technology products. “
Other equities research analysts also recently issued reports about the company. B. Riley restated a neutral rating and issued a $122.00 price target on shares of ASML Holding N.V. in a report on Monday, July 17th. Royal Bank Of Canada increased their price target on ASML Holding N.V. from $135.00 to $155.00 and gave the stock a sector perform rating in a report on Thursday, July 20th. Sanford C. Bernstein restated a buy rating on shares of ASML Holding N.V. in a report on Wednesday, June 7th. Goldman Sachs Group, Inc. (The) reiterated a buy rating on shares of ASML Holding N.V. in a report on Wednesday, May 31st. Finally, Bank of America Corporation reiterated a buy rating and set a $165.00 price objective (up from $140.00) on shares of ASML Holding N.V. in a report on Sunday, June 25th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. ASML Holding N.V. presently has an average rating of Buy and an average target price of $158.00.
Shares of ASML Holding N.V. (NASDAQ ASML) traded up 0.61% during mid-day trading on Wednesday, hitting $162.41. 632,294 shares of the stock traded hands. The stock has a market cap of $69.92 billion, a PE ratio of 31.51 and a beta of 1.09. The stock has a 50-day moving average of $154.82 and a 200 day moving average of $138.30. ASML Holding N.V. has a one year low of $98.71 and a one year high of $163.13.
ASML Holding N.V. (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, July 19th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.02. ASML Holding N.V. had a return on equity of 18.48% and a net margin of 23.69%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. Equities analysts predict that ASML Holding N.V. will post $5.00 EPS for the current fiscal year.
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ASML Holding N.V. declared that its board has authorized a share buyback plan on Wednesday, July 19th that authorizes the company to repurchase shares. This repurchase authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its stake in ASML Holding N.V. by 8.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 86 shares in the last quarter. FNY Managed Accounts LLC bought a new position in ASML Holding N.V. in the first quarter valued at approximately $199,000. Sit Investment Associates Inc. grew its stake in ASML Holding N.V. by 53.4% in the second quarter. Sit Investment Associates Inc. now owns 1,726 shares of the semiconductor company’s stock valued at $225,000 after purchasing an additional 601 shares in the last quarter. American Trust Investment Advisors LLC bought a new position in ASML Holding N.V. in the second quarter valued at approximately $229,000. Finally, Cim Investment Mangement Inc. bought a new position in ASML Holding N.V. in the first quarter valued at approximately $234,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.
About ASML Holding N.V.
ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.
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