ASML (NASDAQ:ASML) Upgraded by Sanford C. Bernstein to Hold Rating

ASML (NASDAQ:ASML - Get Free Report) was upgraded by equities researchers at Sanford C. Bernstein to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

ASML has been the topic of a number of other research reports. Wells Fargo & Company lowered their target price on shares of ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Citigroup restated a "buy" rating on shares of ASML in a research report on Monday, May 19th. Susquehanna lowered their price objective on ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Finally, Barclays reissued an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $913.80.

ASML Stock Down 2.0%

ASML stock opened at $759.86 on Monday. ASML has a twelve month low of $578.51 and a twelve month high of $1,110.09. The company has a quick ratio of 0.91, a current ratio of 1.52 and a debt-to-equity ratio of 0.21. The stock has a market cap of $298.94 billion, a P/E ratio of 32.02, a PEG ratio of 1.51 and a beta of 1.74. The business's 50-day moving average price is $715.32 and its 200-day moving average price is $716.10.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating the consensus estimate of $6.12 by $0.19. ASML had a net margin of 28.32% and a return on equity of 51.82%. The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. On average, equities research analysts forecast that ASML will post 25.17 EPS for the current year.

Institutional Investors Weigh In On ASML

A number of hedge funds have recently made changes to their positions in ASML. Putney Financial Group LLC raised 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 in the last quarter. Banque Cantonale Vaudoise purchased a new stake in ASML during the first quarter valued at $27,000. Wellington Shields & Co. LLC raised its stake in ASML by 740.0% during the fourth quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 37 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in ASML during the fourth quarter valued at $31,000. Finally, Knuff & Co LLC purchased a new stake in ASML during the first quarter valued at $33,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

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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