ASML's (ASML) Buy Rating Reaffirmed at UBS Group

Key Points

• UBS Group reaffirmed its “buy” rating on ASML, while the broader analyst consensus remains “Moderate Buy” with an average price target of $1,970.33.
• ASML shares opened at $1,743.94, with a market capitalization of approximately $685.86 billion; the stock trades near its 52-week high of $1,999.96.
• The semiconductor-equipment maker reported quarterly EPS of $8.65 on revenue of $10.62 billion, with a 30.11% net margin and 52.71% return on equity. Institutional investors and hedge funds own 26.07% of the company.

ASML (NASDAQ:ASML - Get Free Report)'s stock had its "buy" rating restated by research analysts at UBS Group in a report issued on Monday.

A number of other brokerages have also recently weighed in on ASML. Barclays restated an "overweight" rating on shares of ASML in a report on Thursday, July 16th. Argus set a $2,100.00 price objective on ASML in a research note on Thursday, July 16th. Susquehanna reaffirmed a "positive" rating on shares of ASML in a research report on Tuesday, June 30th. Jefferies Financial Group reaffirmed a "neutral" rating on shares of ASML in a report on Monday, June 1st. Finally, DZ Bank raised ASML from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,970.33.

ASML Stock Performance

Shares of ASML stock opened at $1,743.94 on Monday. The stock has a 50-day simple moving average of $1,716.93 and a 200 day simple moving average of $1,629.65. The stock has a market capitalization of $685.86 billion, a P/E ratio of 54.26, a P/E/G ratio of 0.88 and a beta of 1.79. ASML has a fifty-two week low of $935.41 and a fifty-two week high of $1,999.96. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The firm had revenue of $10.62 billion for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. On average, sell-side analysts expect that ASML will post 44.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. QRG Capital Management Inc. boosted its position in ASML by 12.5% during the 2nd quarter. QRG Capital Management Inc. now owns 26,167 shares of the semiconductor company's stock worth $52,057,000 after acquiring an additional 2,913 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of ASML by 18.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,337 shares of the semiconductor company's stock worth $8,628,000 after purchasing an additional 665 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of ASML by 6.5% during the second quarter. Envestnet Asset Management Inc. now owns 440,721 shares of the semiconductor company's stock worth $876,783,000 after purchasing an additional 27,021 shares during the period. State Street Corp boosted its holdings in shares of ASML by 4.4% during the second quarter. State Street Corp now owns 85,872 shares of the semiconductor company's stock worth $170,851,000 after purchasing an additional 3,632 shares during the period. Finally, Twin Peaks Capital Ltd purchased a new position in ASML during the second quarter valued at approximately $5,968,000. 26.07% of the stock is owned by institutional investors and hedge funds.

About ASML

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment uses light to project intricate circuit patterns onto silicon wafers, an essential step in the production of chips for computers, smartphones, automobiles, data centers and other electronic devices.

The company's product portfolio includes extreme ultraviolet (EUV) lithography systems, deep ultraviolet (DUV) lithography systems and advanced metrology and inspection technologies.

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