ASML (NASDAQ:ASML) Earns Buy Rating from The Goldman Sachs Group

Key Points

• The Goldman Sachs Group has restated a "buy" rating on ASML, with multiple analysts also expressing positive outlooks, including Citigroup and HSBC Global Research.
• ASML's stock recently dipped 0.7%, opening at $980.54, while analysts have a consensus price target of $1,001.60.
• The company reported $4.55 earnings per share in its latest quarterly results, missing consensus estimates but showing a 23.2% increase in revenue year-over-year.

ASML (NASDAQ:ASML - Get Free Report)'s stock had its "buy" rating restated by The Goldman Sachs Group in a research report issued on Friday,MarketScreener reports.

A number of other analysts have also commented on ASML. Citigroup restated a "buy" rating on shares of ASML in a report on Tuesday. Hsbc Global Res raised ASML to a "strong-buy" rating in a research report on Monday. Wells Fargo & Company raised their price target on shares of ASML from $840.00 to $890.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Sanford C. Bernstein reissued a "market perform" rating and issued a $935.00 price objective on shares of ASML in a research report on Thursday. Finally, UBS Group reaffirmed a "buy" rating on shares of ASML in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,001.60.

ASML Stock Down 0.7%

NASDAQ:ASML opened at $980.54 on Friday. The stock has a 50-day moving average price of $829.12 and a two-hundred day moving average price of $760.64. ASML has a 1 year low of $578.51 and a 1 year high of $1,059.00. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. The stock has a market cap of $385.76 billion, a price-to-earnings ratio of 40.92, a PEG ratio of 1.67 and a beta of 1.87.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). The company had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. The business's quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.01 EPS. ASML has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that ASML will post 25.17 earnings per share for the current year.

Hedge Funds Weigh In On ASML

A number of institutional investors have recently bought and sold shares of ASML. Putney Financial Group LLC increased its holdings in shares of ASML by 322.2% during the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 29 shares during the last quarter. Princeton Global Asset Management LLC increased its holdings in shares of ASML by 153.8% in the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 20 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of ASML in the first quarter valued at about $27,000. Binnacle Investments Inc boosted its holdings in shares of ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock worth $27,000 after buying an additional 15 shares during the period. Finally, Pin Oak Investment Advisors Inc. acquired a new position in ASML in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 26.07% of the company's stock.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.