New Street Research Upgrades ASML (NASDAQ:ASML) to "Buy"

ASML (NASDAQ:ASML - Get Free Report) was upgraded by research analysts at New Street Research from a "neutral" rating to a "buy" rating in a research note issued on Thursday, Marketbeat.com reports.

A number of other research firms also recently weighed in on ASML. Sanford C. Bernstein initiated coverage on ASML in a report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price objective on the stock. Wells Fargo & Company boosted their target price on ASML from $840.00 to $890.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Jefferies Financial Group downgraded ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Citigroup reissued a "buy" rating on shares of ASML in a report on Monday, May 19th. Finally, Barclays reissued an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $923.80.

ASML Stock Performance

Shares of ASML stock traded down $12.99 during trading on Thursday, reaching $712.09. The company's stock had a trading volume of 611,429 shares, compared to its average volume of 1,747,578. ASML has a one year low of $578.51 and a one year high of $945.05. 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 firm has a market cap of $280.15 billion, a price-to-earnings ratio of 29.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.73. The business's fifty day moving average price is $766.13 and its 200-day moving average price is $727.71.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($1.39). The firm had revenue of $8.94 billion for 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 company's revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.01 earnings per share. As a group, equities research analysts predict that ASML will post 25.17 earnings per share for the current year.

Hedge Funds Weigh In On ASML

Hedge funds have recently modified their holdings of the stock. UMB Bank n.a. lifted its position in ASML by 4.3% during the second quarter. UMB Bank n.a. now owns 317 shares of the semiconductor company's stock worth $254,000 after acquiring an additional 13 shares during the last quarter. Rossmore Private Capital lifted its position in shares of ASML by 0.3% during the 1st quarter. Rossmore Private Capital now owns 4,347 shares of the semiconductor company's stock worth $2,880,000 after buying an additional 14 shares during the last quarter. Baring Financial LLC increased its holdings in shares of ASML by 2.8% during the second quarter. Baring Financial LLC now owns 510 shares of the semiconductor company's stock worth $409,000 after buying an additional 14 shares in the last quarter. Norinchukin Bank The increased its holdings in shares of ASML by 1.8% during the fourth quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company's stock worth $594,000 after buying an additional 15 shares in the last quarter. Finally, Coppell Advisory Solutions LLC grew its stake in shares of ASML by 18.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 96 shares of the semiconductor company's stock worth $67,000 after purchasing an additional 15 shares during the last quarter. 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.