ASML (NASDAQ:ASML) Rating Increased to Buy (B-) at Weiss Ratings

Key Points

• ASML's rating was upgraded from "hold (C+)" to "buy (B-)" by Weiss Ratings, indicating a positive outlook on the stock.
• Despite a recent drop of $3.31 to $1,033.10, ASML's average price target is set at $1,051.60, with a consensus of "Moderate Buy" from analysts.
• The semiconductor company reported a quarterly earnings per share of $6.41, exceeding estimates, alongside a marginal revenue increase of 0.7% from the previous year.

ASML (NASDAQ:ASML - Get Free Report) was upgraded by equities researchers at Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating in a report released on Friday,Weiss Ratings reports.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reissued a "buy" rating on shares of ASML in a report on Wednesday, October 15th. Mizuho raised shares of ASML from a "neutral" rating to an "outperform" rating in a report on Monday, September 29th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of ASML in a report on Thursday, October 16th. Evercore ISI reissued an "outperform" rating on shares of ASML in a report on Thursday, October 16th. Finally, UBS Group reissued a "buy" rating on shares of ASML in a report on Wednesday, October 15th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, ASML has an average rating of "Moderate Buy" and an average price target of $1,051.60.

ASML Stock Performance

Shares of ASML stock traded down $3.31 on Friday, reaching $1,033.10. 1,030,091 shares of the stock were exchanged, compared to its average volume of 1,705,929. 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 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average price of $887.10 and a two-hundred day moving average price of $784.34. The firm has a market capitalization of $406.30 billion, a PE ratio of 42.05, a PEG ratio of 1.67 and a beta of 1.87.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The business had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the previous year, the business posted $5.28 earnings per share. The business's revenue was up .7% compared to the same quarter last year. As a group, research analysts anticipate that ASML will post 25.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ASML

Several institutional investors and hedge funds have recently modified their holdings of the company. Fisher Asset Management LLC lifted its stake in shares of ASML by 6.3% during the second quarter. Fisher Asset Management LLC now owns 4,244,254 shares of the semiconductor company's stock valued at $3,401,304,000 after buying an additional 250,934 shares during the period. Goldman Sachs Group Inc. increased its position in ASML by 26.5% during the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company's stock worth $631,079,000 after purchasing an additional 199,740 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of ASML by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 905,708 shares of the semiconductor company's stock valued at $600,175,000 after acquiring an additional 7,164 shares during the period. Franklin Resources Inc. raised its stake in shares of ASML by 5.2% in the 2nd quarter. Franklin Resources Inc. now owns 763,590 shares of the semiconductor company's stock valued at $611,933,000 after acquiring an additional 37,994 shares during the period. Finally, Invesco Ltd. grew its holdings in ASML by 101.0% during the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company's stock valued at $484,562,000 after purchasing an additional 367,505 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

ASML Company Profile

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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