ASML (NASDAQ:ASML) Given Buy Rating at HSBC

Key Points

• HSBC has reissued a buy rating for ASML, indicating confidence in the company's growth potential amidst a positive revenue outlook for the next fiscal year.
• ASML's stock has a consensus rating of Moderate Buy with a target price of $1,051.60, while most analysts maintain a buy rating on the shares.
• In its latest earnings report, ASML reported $6.41 earnings per share, exceeding expectations and showing a year-over-year revenue increase of 0.7% despite lower total revenue compared to estimates.

ASML (NASDAQ:ASML - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at HSBC in a research note issued to investors on Friday,MarketScreener reports.

A number of other analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ASML in a research report on Thursday. JPMorgan Chase & Co. restated a "buy" rating on shares of ASML in a report on Wednesday. Morningstar cut shares of ASML to a "hold" rating in a research report on Thursday, September 18th. Arete Research raised shares of ASML to a "strong-buy" rating in a research note on Friday, September 12th. Finally, Bank Degroof cut ASML to a "hold" rating in a research note on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, ASML presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,051.60.

ASML Trading Up 1.0%

Shares of ASML stock opened at $1,019.59 on Friday. ASML has a 52-week low of $578.51 and a 52-week high of $1,059.00. The business's fifty day moving average is $858.14 and its 200 day moving average is $770.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43. The company has a market capitalization of $400.98 billion, a PE ratio of 41.50, a price-to-earnings-growth ratio of 1.71 and a beta of 1.87.

ASML (NASDAQ:ASML - Get Free Report) last announced its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, beating analysts' consensus estimates of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 49.41%. The business had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period last year, the firm posted $5.28 earnings per share. ASML's quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts anticipate that ASML will post 25.17 EPS for the current fiscal year.

Institutional Investors Weigh In On ASML

Several institutional investors and hedge funds have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. bought a new position in ASML in the first quarter worth about $360,262,000. Invesco Ltd. grew its holdings in shares of ASML by 101.0% during the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company's stock worth $484,562,000 after acquiring an additional 367,505 shares during the period. Amundi raised its position in shares of ASML by 91.6% in the 1st quarter. Amundi now owns 642,498 shares of the semiconductor company's stock worth $403,215,000 after acquiring an additional 307,214 shares in the last quarter. First Manhattan CO. LLC. lifted its position in ASML by 61.0% during the first quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company's stock valued at $469,183,000 after buying an additional 268,172 shares during the period. Finally, Fisher Asset Management LLC lifted its position in ASML by 6.3% during the 2nd quarter. Fisher Asset Management LLC now owns 4,244,254 shares of the semiconductor company's stock valued at $3,401,304,000 after acquiring an additional 250,934 shares during the period. Hedge funds and other institutional investors 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.

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