ASML Holding NV (NASDAQ:ASML) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $122.00 target price on the stock. Zacks Investment Research’s price objective suggests a potential upside of 12.12% from the company’s previous close.
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. “
Several other analysts have also recently issued reports on ASML. Deutsche Bank AG reaffirmed a “hold” rating on shares of ASML Holding NV in a report on Wednesday, August 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML Holding NV in a report on Thursday, June 23rd. Berenberg Bank reaffirmed a “buy” rating on shares of ASML Holding NV in a report on Tuesday, July 5th. Bank of America Corp. cut shares of ASML Holding NV from a “buy” rating to a “neutral” rating and cut their price target for the company from $112.00 to $99.00 in a report on Wednesday, August 17th. Finally, Royal Bank Of Canada upped their price target on shares of ASML Holding NV from $103.00 to $110.00 and gave the company a “sector perform” rating in a report on Thursday, July 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. ASML Holding NV has a consensus rating of “Hold” and an average price target of $96.10.
ASML Holding NV (NASDAQ:ASML) opened at 108.81 on Tuesday. The firm’s 50-day moving average is $106.52 and its 200 day moving average is $101.58. ASML Holding NV has a 12 month low of $77.17 and a 12 month high of $111.58. The stock has a market capitalization of $46.12 billion, a P/E ratio of 31.29 and a beta of 1.35.
ASML Holding NV (NASDAQ:ASML) last posted its earnings results on Wednesday, July 20th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. ASML Holding NV had a net margin of 19.26% and a return on equity of 14.09%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the company posted $0.86 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts anticipate that ASML Holding NV will post $3.60 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the stock. Seven Bridges Advisors LLC raised its position in shares of ASML Holding NV by 23.0% in the second quarter. Seven Bridges Advisors LLC now owns 1,927 shares of the company’s stock worth $191,000 after buying an additional 360 shares in the last quarter. IFP Advisors Inc raised its position in shares of ASML Holding NV by 17.0% in the first quarter. IFP Advisors Inc now owns 1,981 shares of the company’s stock worth $199,000 after buying an additional 288 shares in the last quarter. Checchi Capital Advisers LLC raised its position in shares of ASML Holding NV by 7.5% in the second quarter. Checchi Capital Advisers LLC now owns 2,369 shares of the company’s stock worth $235,000 after buying an additional 165 shares in the last quarter. Homrich & Berg bought a new position in shares of ASML Holding NV during the second quarter worth about $241,000. Finally, Brown Advisory Inc. bought a new position in shares of ASML Holding NV during the second quarter worth about $244,000. Hedge funds and other institutional investors own 15.06% of the company’s stock.
ASML Holding NV Company Profile
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 advanced semiconductor equipment systems, exclusively consisting of lithography systems. The Company’s products include systems and system related products.
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