ASML (NASDAQ:ASML) announced its quarterly earnings data on Wednesday. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.18, Morningstar.com reports. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.57 billion. ASML had a return on equity of 21.31% and a net margin of 23.08%. During the same period in the previous year, the business posted $1.37 EPS. ASML updated its Q3 2019 guidance to EPS.
NASDAQ ASML traded down $2.75 on Friday, reaching $223.90. 34,076 shares of the stock traded hands, compared to its average volume of 574,160. The company has a current ratio of 2.78, a quick ratio of 1.87 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $201.91. The company has a market cap of $91.70 billion, a P/E ratio of 31.26, a price-to-earnings-growth ratio of 2.17 and a beta of 1.21. ASML has a 12 month low of $144.50 and a 12 month high of $226.99.
Several brokerages have recently commented on ASML. New Street Research lowered ASML from a “buy” rating to a “neutral” rating in a report on Thursday. Royal Bank of Canada boosted their price objective on Johnson Service Group from GBX 180 ($2.35) to GBX 190 ($2.48) and gave the company an “outperform” rating in a research report on Tuesday. Societe Generale initiated coverage on ASML in a report on Monday, July 8th. They set a “buy” rating for the company. Santander upgraded Loma Negra Compania Indl Argentina from an “underperform” rating to a “hold” rating in a report on Monday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of in a report on Wednesday, June 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $206.50.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Destination Wealth Management grew its position in ASML by 1,066.7% in the first quarter. Destination Wealth Management now owns 175 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 160 shares during the period. Thomas J. Herzfeld Advisors Inc. grew its position in ASML by 115.0% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 215 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 115 shares during the period. JNBA Financial Advisors purchased a new position in ASML in the first quarter worth approximately $53,000. Financial Gravity Wealth Inc. purchased a new position in ASML in the first quarter worth approximately $63,000. Finally, NEXT Financial Group Inc grew its position in ASML by 109.7% in the second quarter. NEXT Financial Group Inc now owns 541 shares of the semiconductor company’s stock worth $112,000 after acquiring an additional 283 shares during the period. 16.80% of the stock is owned by hedge funds and other institutional investors.
ASML Company Profile
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 Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.
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