Berenberg Bank Reaffirms Buy Rating for ASML (NASDAQ:ASML)

Key Points

• Berenberg Bank has reaffirmed a "buy" rating for ASML, highlighting continued confidence in the company's performance amidst mixed opinions from other analysts.
• The consensus rating for ASML is a "Moderate Buy" with a target price of $1,051.60, while the stock recently traded at approximately $1,040.23.
• ASML reported earnings of $4.55 per share for the last quarter, falling short of analyst expectations, but showed a significant year-over-year revenue increase of 23.2%.

ASML (NASDAQ:ASML - Get Free Report)'s stock had its "buy" rating reaffirmed by Berenberg Bank in a report issued on Thursday,MarketScreener reports.

Other analysts have also issued research reports about the company. Evercore ISI reaffirmed an "outperform" rating on shares of ASML in a report on Thursday. Bank Degroof lowered shares of ASML to a "hold" rating in a research report on Friday, October 10th. New Street Research reiterated a "neutral" rating on shares of ASML in a research note on Monday, October 6th. Sanford C. Bernstein restated a "market perform" rating and issued a $935.00 price target on shares of ASML in a research report on Thursday, October 9th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ASML in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, ASML currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,051.60.

ASML Trading Up 3.0%

NASDAQ:ASML opened at $1,040.23 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. The company's 50 day moving average is $852.01 and its 200-day moving average is $768.34. The firm has a market cap of $409.10 billion, a price-to-earnings ratio of 43.31, a P/E/G ratio of 1.66 and a beta of 1.87. ASML has a 12 month low of $578.51 and a 12 month high of $1,059.00.

ASML (NASDAQ:ASML - Get Free Report) last posted its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). ASML had a net margin of 26.95% and a return on equity of 49.47%. The firm had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.72 billion. During the same quarter in the previous year, the business posted $4.01 earnings per share. The business's quarterly revenue was up 23.2% compared to the same quarter last year. Equities analysts anticipate 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. T. Rowe Price Investment Management Inc. bought a new stake in ASML during the first quarter worth about $360,262,000. Invesco Ltd. grew its position in ASML by 101.0% during the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company's stock worth $484,562,000 after acquiring an additional 367,505 shares during the last quarter. Amundi increased its holdings in ASML by 91.6% during the 1st quarter. Amundi now owns 642,498 shares of the semiconductor company's stock valued at $403,215,000 after purchasing an additional 307,214 shares in the last quarter. First Manhattan CO. LLC. boosted its stake in ASML by 61.0% in the first quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company's stock worth $469,183,000 after purchasing an additional 268,172 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings 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 worth $3,401,304,000 after purchasing an additional 250,934 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.