ASML's (ASML) "Buy" Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Key Points

• Analysts at Deutsche Bank reaffirmed ASML's "buy" rating, amidst a mix of upgrades and downgrades from various analysts regarding the stock.
• ASML currently holds a average rating of "Moderate Buy" with a target price of $1,051.60 after its stock opened at $1,040.23.
• Despite reporting earnings that fell short of expectations, ASML's revenue grew 23.2% year-over-year, indicating strong underlying business performance.

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

A number of other research analysts have also recently commented on the stock. Mizuho upgraded shares of ASML from a "neutral" rating to an "outperform" rating in a research report on Monday, September 29th. Barclays reaffirmed an "overweight" rating on shares of ASML in a research note on Tuesday, September 30th. Bank Degroof lowered ASML to a "hold" rating in a research note on Friday, October 10th. Arete Research upgraded ASML to a "strong-buy" rating in a research report on Friday, September 12th. Finally, Erste Group Bank upgraded ASML from a "hold" rating to a "buy" rating in a research report on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,051.60.

ASML Price Performance

ASML stock opened at $1,040.23 on Thursday. The firm has a 50 day simple moving average of $852.01 and a two-hundred day simple moving average of $768.34. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.81. The stock has a market cap of $409.10 billion, a PE ratio of 43.31, a P/E/G ratio of 1.66 and a beta of 1.87. ASML has a one year low of $578.51 and a one year high of $1,059.00.

ASML (NASDAQ:ASML - Get Free Report) last announced its 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 company had revenue of $8.94 billion during the quarter, compared to analysts' expectations of $8.72 billion. ASML had a return on equity of 49.47% and a net margin of 26.95%.The firm's revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.01 earnings per share. On average, analysts predict that ASML will post 25.17 EPS for the current fiscal year.

Institutional Investors Weigh In On ASML

A number of large investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in ASML by 6.0% in the first quarter. GAMMA Investing LLC now owns 2,114 shares of the semiconductor company's stock worth $1,401,000 after buying an additional 119 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of ASML by 2.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company's stock valued at $22,806,000 after buying an additional 763 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of ASML in the 1st quarter worth about $633,000. Inscription Capital LLC bought a new position in shares of ASML in the 1st quarter worth about $144,000. Finally, Wolf Group Capital Advisors purchased a new position in ASML during the 1st quarter valued at about $276,000. 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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