ASML (NASDAQ:ASML)'s stock had its "neutral" rating restated by research analysts at UBS Group in a research report issued to clients and investors on Wednesday, The Fly reports.
Other equities research analysts have also recently issued reports about the stock. Morgan Stanley reiterated an "overweight" rating on shares of ASML in a research report on Thursday, July 22nd. Citigroup reiterated a "buy" rating on shares of ASML in a research report on Thursday, July 22nd. Barclays reiterated an "overweight" rating on shares of ASML in a research report on Thursday, July 22nd. Wells Fargo & Company lifted their price objective on shares of ASML from $800.00 to $975.00 and gave the company an "overweight" rating in a report on Wednesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of ASML in a report on Thursday, July 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $748.25.
ASML stock traded up $0.79 during midday trading on Wednesday, hitting $888.86. 30,624 shares of the stock were exchanged, compared to its average volume of 838,802. ASML has a fifty-two week low of $351.09 and a fifty-two week high of $895.93. The stock has a market capitalization of $364.23 billion, a price-to-earnings ratio of 64.83, a PEG ratio of 1.60 and a beta of 1.05. The stock's 50-day simple moving average is $781.10 and its 200 day simple moving average is $686.82. The company has a current ratio of 1.91, a quick ratio of 1.33 and a debt-to-equity ratio of 0.38.
ASML (NASDAQ:ASML) last released its quarterly earnings data on Tuesday, July 20th. The semiconductor company reported $3.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $2.93 by $0.11. ASML had a net margin of 28.82% and a return on equity of 36.29%. The firm had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $4.12 billion. During the same period last year, the business earned $1.79 earnings per share. ASML's revenue was up 20.9% compared to the same quarter last year. Equities analysts anticipate that ASML will post 16.04 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of ASML. Victory Capital Management Inc. lifted its stake in ASML by 1.2% in the first quarter. Victory Capital Management Inc. now owns 23,196 shares of the semiconductor company's stock worth $14,320,000 after acquiring an additional 279 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of ASML by 18.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 5,456 shares of the semiconductor company's stock worth $3,368,000 after buying an additional 868 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of ASML by 66.9% during the 1st quarter. Cullen Frost Bankers Inc. now owns 1,000 shares of the semiconductor company's stock worth $617,000 after buying an additional 401 shares during the last quarter. Commerce Bank lifted its position in shares of ASML by 54.0% during the 1st quarter. Commerce Bank now owns 1,398 shares of the semiconductor company's stock worth $863,000 after buying an additional 490 shares during the last quarter. Finally, Altium Wealth Management LLC lifted its position in shares of ASML by 17.3% during the 1st quarter. Altium Wealth Management LLC now owns 1,367 shares of the semiconductor company's stock worth $844,000 after buying an additional 202 shares during the last quarter. Institutional investors own 18.18% of the company's stock.
ASML Holding NV engages in the development, production, marketing, sale and servicing of advanced semiconductor equipment, consisting of lithography related systems. It mainly caters the makers of memory chips and logic chips. The company was founded on April 1, 1984 and is headquartered in Veldhoven, the Netherlands.
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