ASML (NASDAQ:ASML) Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of ASML (NASDAQ:ASML) from a hold rating to a sell rating in a report released on Tuesday morning, Zacks.com reports.

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. “

ASML has been the subject of several other research reports. New Street Research downgraded shares of ASML from a buy rating to a neutral rating and set a $660.00 target price for the company. in a research note on Tuesday, September 28th. Bank of America reissued a buy rating on shares of ASML in a research note on Thursday, October 14th. Piper Sandler initiated coverage on shares of ASML in a research note on Thursday, October 14th. They issued an overweight rating for the company. Morgan Stanley initiated coverage on shares of ASML in a research note on Monday, December 20th. They set an overweight rating and a $902.00 price objective for the company. Finally, AlphaValue downgraded shares of ASML to a reduce rating in a research note on Thursday, October 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $815.71.

ASML stock opened at $744.53 on Tuesday. ASML has a 52 week low of $501.11 and a 52 week high of $895.93. The company has a quick ratio of 1.17, a current ratio of 1.71 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $794.08 and its 200 day simple moving average is $786.15. The firm has a market capitalization of $305.09 billion, a PE ratio of 47.21, a P/E/G ratio of 1.09 and a beta of 1.09.

ASML (NASDAQ:ASML) last announced its earnings results on Tuesday, October 19th. The semiconductor company reported $5.02 earnings per share for the quarter, beating the consensus estimate of $4.67 by $0.35. ASML had a net margin of 30.52% and a return on equity of 43.16%. The firm had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the previous year, the company posted $2.96 EPS. The firm’s revenue for the quarter was up 32.4% on a year-over-year basis. On average, research analysts expect that ASML will post 15.78 EPS for the current fiscal year.

The firm also recently announced a semi-annual dividend, which was paid on Friday, November 12th. Investors of record on Wednesday, November 3rd were given a dividend of $2.0938 per share. This represents a yield of 0.4%. The ex-dividend date was Tuesday, November 2nd. This is an increase from ASML’s previous semi-annual dividend of $1.89. ASML’s dividend payout ratio is 22.45%.

A number of institutional investors and hedge funds have recently bought and sold shares of ASML. Price T Rowe Associates Inc. MD increased its position in ASML by 14.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,022,686 shares of the semiconductor company’s stock worth $8,289,094,000 after purchasing an additional 1,480,431 shares in the last quarter. Macquarie Group Ltd. increased its position in ASML by 1,903.2% during the 2nd quarter. Macquarie Group Ltd. now owns 831,048 shares of the semiconductor company’s stock worth $574,121,000 after purchasing an additional 789,563 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in ASML by 92.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,273,804 shares of the semiconductor company’s stock worth $949,124,000 after acquiring an additional 613,279 shares during the period. Morgan Stanley boosted its holdings in ASML by 14.3% in the 3rd quarter. Morgan Stanley now owns 1,508,798 shares of the semiconductor company’s stock worth $1,124,220,000 after acquiring an additional 188,469 shares during the period. Finally, Liberty Wealth Management LLC boosted its holdings in ASML by 88,471.3% in the 2nd quarter. Liberty Wealth Management LLC now owns 114,257 shares of the semiconductor company’s stock worth $165,000 after acquiring an additional 114,128 shares during the period. 18.33% of the stock is owned by hedge funds and other institutional investors.

About ASML

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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