Zacks Investment Research Downgrades ASML (NASDAQ:ASML) to Sell

ASML (NASDAQ:ASML) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday, December 20th.

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. “

A number of other research firms have also recently commented on ASML. B. Riley restated a “neutral” rating and set a $166.00 price target (up from $162.00) on shares of ASML in a research note on Monday, October 16th. BNP Paribas upgraded ASML from a “neutral” rating to an “outperform” rating in a research note on Thursday, October 12th. Credit Suisse Group increased their price objective on ASML from $140.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a research note on Tuesday, October 3rd. Finally, Royal Bank of Canada restated a “hold” rating and issued a $155.00 price target on shares of ASML in a research note on Tuesday, October 3rd. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $179.71.

ASML (NASDAQ:ASML) traded up $2.32 during mid-day trading on Wednesday, hitting $180.87. The stock had a trading volume of 710,316 shares, compared to its average volume of 938,334. The company has a quick ratio of 1.78, a current ratio of 2.79 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $77,370.00, a price-to-earnings ratio of 32.47, a PEG ratio of 1.23 and a beta of 1.14. ASML has a 1-year low of $114.75 and a 1-year high of $186.37.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, October 18th. The semiconductor company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.24. ASML had a return on equity of 19.28% and a net margin of 23.81%. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. The firm’s revenue was up 34.8% compared to the same quarter last year. equities research analysts forecast that ASML will post 5.28 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of ASML. First Trust Advisors LP grew its holdings in shares of ASML by 23.1% during the second quarter. First Trust Advisors LP now owns 63,660 shares of the semiconductor company’s stock worth $8,296,000 after purchasing an additional 11,926 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of ASML by 4.4% during the second quarter. Advisors Asset Management Inc. now owns 6,571 shares of the semiconductor company’s stock worth $856,000 after purchasing an additional 274 shares during the last quarter. Geneva Advisors LLC grew its holdings in shares of ASML by 12.9% during the second quarter. Geneva Advisors LLC now owns 21,070 shares of the semiconductor company’s stock worth $2,746,000 after purchasing an additional 2,401 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of ASML by 86.6% during the second quarter. American Century Companies Inc. now owns 19,111 shares of the semiconductor company’s stock worth $2,490,000 after purchasing an additional 8,869 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in shares of ASML by 21.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,893 shares of the semiconductor company’s stock worth $507,000 after purchasing an additional 680 shares during the last quarter. 16.59% of the stock is currently owned by institutional investors.

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About ASML

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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