ASML (NASDAQ:ASML) announced its earnings results on Tuesday. The semiconductor company reported $3.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.93 by $0.11, Yahoo Finance reports. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.12 billion. ASML had a net margin of 28.37% and a return on equity of 33.91%. ASML’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.79 earnings per share.
Shares of ASML stock traded up $12.90 on Thursday, reaching $733.90. 16,223 shares of the company’s stock were exchanged, compared to its average volume of 619,554. The firm has a market cap of $308.10 billion, a P/E ratio of 57.04, a P/E/G ratio of 1.50 and a beta of 1.06. ASML has a 52 week low of $343.25 and a 52 week high of $723.01. The business has a 50-day moving average price of $680.44. The company has a quick ratio of 1.62, a current ratio of 2.31 and a debt-to-equity ratio of 0.34.
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ASML in a research report on Thursday, April 22nd. Zacks Investment Research raised shares of ASML from a “hold” rating to a “buy” rating and set a $768.00 target price for the company in a report on Wednesday, June 23rd. Grupo Santander cut shares of ASML from a “hold” rating to an “underweight” rating in a report on Monday, April 19th. Susquehanna Bancshares reaffirmed a “hold” rating on shares of ASML in a research note on Monday, April 26th. Finally, Susquehanna reaffirmed a “hold” rating on shares of ASML in a research note on Monday, April 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. ASML currently has an average rating of “Buy” and an average price target of $628.00.
ASML Holding NV engages in the development, production, marketing, sale and servicing of advanced semiconductor equipment, consisting of lithography related systems. It mainly caters the makers of memory chips and logic chips. The company was founded on April 1, 1984 and is headquartered in Veldhoven, the Netherlands.
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