ASML (NASDAQ:ASML) Stock Rating Upgraded by Zacks Investment Research

ASML (NASDAQ:ASML) was upgraded by Zacks Investment Research from a “sell” rating to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks.com reports. The firm presently has a $268.00 price target on the semiconductor company’s stock. Zacks Investment Research‘s target price would suggest a potential downside of 2.86% 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. “

ASML has been the subject of several other research reports. Wells Fargo & Co dropped their target price on shares of ASML from $330.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, March 20th. Royal Bank of Canada upped their target price on shares of ASML from $270.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Bryan, Garnier & Co raised shares of ASML from a “neutral” rating to a “buy” rating in a report on Tuesday, January 14th. Bank of America downgraded shares of ASML from a “buy” rating to a “neutral” rating in a report on Thursday, January 9th. Finally, Sanford C. Bernstein raised shares of ASML from a “market perform” rating to an “outperform” rating in a report on Thursday, March 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $287.00.

Shares of ASML stock traded up $13.83 during mid-day trading on Tuesday, reaching $275.90. 1,016,401 shares of the company’s stock traded hands, compared to its average volume of 1,132,684. ASML has a 12 month low of $182.77 and a 12 month high of $319.22. The firm has a 50 day moving average price of $280.22 and a two-hundred day moving average price of $274.58. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 2.58. The firm has a market capitalization of $110.37 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 1.83 and a beta of 1.20.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, January 22nd. The semiconductor company reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.02. ASML had a net margin of 23.36% and a return on equity of 22.93%. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the firm posted $1.60 EPS. The company’s revenue for the quarter was up 45.4% compared to the same quarter last year. As a group, equities analysts expect that ASML will post 8.84 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASML. Evoke Wealth LLC purchased a new stake in shares of ASML during the 3rd quarter valued at about $31,000. Squar Milner Financial Services LLC raised its position in shares of ASML by 105.6% during the 4th quarter. Squar Milner Financial Services LLC now owns 111 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 57 shares in the last quarter. Americana Partners LLC purchased a new stake in shares of ASML during the 4th quarter valued at about $36,000. Duncker Streett & Co. Inc. purchased a new stake in shares of ASML during the 4th quarter valued at about $36,000. Finally, Samalin Investment Counsel LLC purchased a new stake in shares of ASML during the 4th quarter valued at about $53,000. 18.04% of the stock is owned by institutional investors and hedge funds.

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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