ASML (NASDAQ:ASML) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.
Several other research firms also recently weighed in on ASML. B. Riley lifted their price objective on ASML from $166.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Santander downgraded ASML from a “buy” rating to a “hold” rating in a report on Monday, March 19th. Royal Bank of Canada lifted their price objective on ASML to $210.00 and gave the company a “sector perform” rating in a report on Thursday, January 18th. They noted that the move was a valuation call. Credit Suisse Group upgraded ASML from a “neutral” rating to an “outperform” rating in a report on Monday, January 15th. Finally, Zacks Investment Research upgraded shares of ASML from a “sell” rating to a “hold” rating and set a $201.00 target price for the company in a report on Tuesday, January 2nd. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $197.43.
ASML stock opened at $193.02 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.94 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $82,495.40, a P/E ratio of 34.65, a PEG ratio of 1.43 and a beta of 1.17. ASML has a 1-year low of $126.03 and a 1-year high of $216.00.
ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, April 18th. The semiconductor company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.17. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.23 billion. ASML had a return on equity of 21.49% and a net margin of 24.30%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 earnings per share. sell-side analysts anticipate that ASML will post 7.22 EPS for the current fiscal year.
ASML declared that its Board of Directors has approved a share buyback program on Wednesday, January 17th that permits the company to repurchase shares. This repurchase authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
A number of institutional investors have recently made changes to their positions in the business. First Republic Investment Management Inc. raised its holdings in ASML by 3.5% in the fourth quarter. First Republic Investment Management Inc. now owns 9,101 shares of the semiconductor company’s stock worth $1,582,000 after purchasing an additional 311 shares in the last quarter. MML Investors Services LLC raised its holdings in ASML by 11.8% in the fourth quarter. MML Investors Services LLC now owns 3,256 shares of the semiconductor company’s stock worth $566,000 after purchasing an additional 343 shares in the last quarter. Sheets Smith Wealth Management raised its holdings in ASML by 22.1% in the fourth quarter. Sheets Smith Wealth Management now owns 2,280 shares of the semiconductor company’s stock worth $396,000 after purchasing an additional 412 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in ASML by 20.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 2,490 shares of the semiconductor company’s stock worth $433,000 after purchasing an additional 421 shares in the last quarter. Finally, Dubuque Bank & Trust Co. raised its holdings in ASML by 3.6% in the fourth quarter. Dubuque Bank & Trust Co. now owns 13,615 shares of the semiconductor company’s stock worth $2,366,000 after purchasing an additional 467 shares in the last quarter. Institutional investors and hedge funds own 16.90% of the company’s stock.
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ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells three categories of products, including DUV lithography, EUV lithography, and Holistic lithography solutions.
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