Sanford C. Bernstein Reiterates Neutral Rating for ASML (NASDAQ:ASML)

Key Points

• Sanford C. Bernstein has reiterated a neutral rating for ASML, while other analysts have shown mixed ratings, including Barclays' overweight and Morgan Stanley's upgraded rating to overweight.
• ASML reported quarterly earnings of $6.41 EPS, surpassing estimates, but its revenue of $8.71 billion fell short of expectations, reflecting a 0.7% year-over-year increase.
• The company's current stock price is approximately $1,019.59, with a consensus target price of $1,051.60, indicating a Moderate Buy average rating from analysts.

ASML (NASDAQ:ASML - Get Free Report)'s stock had its "neutral" rating reiterated by equities research analysts at Sanford C. Bernstein in a research report issued to clients and investors on Friday,MarketScreener reports.

Several other analysts have also issued reports on ASML. Barclays restated an "overweight" rating on shares of ASML in a research report on Tuesday, September 30th. JPMorgan Chase & Co. restated a "buy" rating on shares of ASML in a research report on Wednesday. Morgan Stanley upgraded ASML from an "equal weight" rating to an "overweight" rating in a research report on Monday, September 22nd. DZ Bank restated a "neutral" rating on shares of ASML in a report on Wednesday. Finally, Evercore ISI reiterated an "outperform" rating on shares of ASML in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, ASML currently has an average rating of "Moderate Buy" and a consensus target price of $1,051.60.

ASML Stock Performance

Shares of NASDAQ ASML opened at $1,019.59 on Friday. The stock's 50-day moving average is $858.14 and its 200 day moving average is $770.80. The stock has a market cap of $400.98 billion, a price-to-earnings ratio of 41.50, a P/E/G ratio of 1.71 and a beta of 1.87. ASML has a 1-year low of $578.51 and a 1-year high of $1,059.00. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, beating analysts' consensus estimates of $6.27 by $0.14. The business had revenue of $8.71 billion for the quarter, compared to analysts' expectations of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 49.41%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $5.28 earnings per share. On average, sell-side analysts anticipate that ASML will post 25.17 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

A number of hedge funds have recently bought and sold shares of the company. HBK Sorce Advisory LLC grew its holdings in ASML by 1.0% in the third quarter. HBK Sorce Advisory LLC now owns 1,057 shares of the semiconductor company's stock worth $1,067,000 after purchasing an additional 10 shares during the last quarter. UMB Bank n.a. increased its position in ASML by 4.3% during the 2nd quarter. UMB Bank n.a. now owns 317 shares of the semiconductor company's stock valued at $254,000 after buying an additional 13 shares in the last quarter. Rossmore Private Capital boosted its holdings in ASML by 0.3% in the first quarter. Rossmore Private Capital now owns 4,347 shares of the semiconductor company's stock worth $2,880,000 after acquiring an additional 14 shares in 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 valued at $409,000 after acquiring an additional 14 shares in the last quarter. Finally, Sage Mountain Advisors LLC raised its position in shares of ASML by 2.6% in the 1st quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company's stock valued at $399,000 after purchasing an additional 15 shares during the last quarter. Institutional investors 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.

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