ASML (NASDAQ:ASML) Lowered to "Hold" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded ASML from “Buy” to “Hold,” while the broader analyst consensus remains “Moderate Buy,” with a consensus price target of $1,970.33.
• ASML shares opened at $1,844.45, down 0.2%, and trade near their 52-week high of $1,999.96. The company reported $8.65 in quarterly earnings per share on $10.64 billion in revenue, with a 30.11% net margin.
• Hedge funds and other institutional investors own 26.07% of ASML, with several firms recently initiating or increasing their positions.

ASML (NASDAQ:ASML - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently commented on the stock. Berenberg Bank reissued a "buy" rating on shares of ASML in a research report on Friday, May 8th. Argus set a $2,100.00 price target on ASML in a research note on Thursday, July 16th. Susquehanna reiterated a "positive" rating on shares of ASML in a research note on Tuesday, June 30th. Wells Fargo & Company upped their target price on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Finally, Morningstar cut ASML to a "sell" rating in a report on Wednesday, May 27th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,970.33.

ASML Stock Down 0.2%

ASML stock opened at $1,844.45 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The stock's 50 day simple moving average is $1,781.65 and its 200 day simple moving average is $1,567.15. ASML has a fifty-two week low of $716.20 and a fifty-two week high of $1,999.96. The company has a market cap of $725.39 billion, a P/E ratio of 57.39, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. The firm had revenue of $10.64 billion for the quarter. On average, research analysts expect that ASML will post 44.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Cornerstone Financial Management LLC purchased a new position in shares of ASML in the fourth quarter valued at about $26,000. Binnacle Investments Inc boosted its holdings in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 15 shares during the period. Resources Management Corp CT ADV grew its stake in shares of ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 23 shares during the last quarter. North Star Investment Management Corp. grew its stake in shares of ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc bought a new stake in shares of ASML in the fourth quarter worth about $30,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

About ASML

ASML Holding N.V. NASDAQ: ASML is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML's product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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