According to Zacks, “ASML is a world leader in the manufacture of advanced technology systems for the semiconductor industry. The company offers an integrated portfolio for the manufacture of complex integrated circuits. ASML designs, develops, integrates, markets and services advanced systems used by the world’s leading semiconductor manufacturing customers to create chips that power a wide range of electronics, communications and information technology products.”
Other stock analysts have also published research reports on the company. Wells Fargo & Company lowered its price target on ASML from $975.00 to $750.00 and set an “overweight” rating on the stock in a Monday, April 18 report. StockNews.com began covering ASML shares in a research note on Thursday, March 31. They issued a “hold” rating for the company. Societe Generale lowered its price target on ASML shares from €800.00 ($860.22) to €710.00 ($763.44) and set a “buy” rating for the company in a note research on Monday, April 25. Goldman Sachs Group upgraded ASML shares from a “buy” rating to a “buy conviction” rating and set a target price of $930.00 on the stock in a Thursday, March 17 report. Finally, Credit Suisse Group raised its price target on ASML shares from €945.00 ($1,016.13) to €960.00 ($1,032.26) and assigned the stock a “outperformance” rating in a Thursday, April 21 report. One equity research analyst rated the stock with a sell rating, five issued a hold rating, eleven gave the company’s stock a strong buy rating, and one gave the company’s stock a strong buy rating. According to data from MarketBeat, ASML currently has an average rating of “Buy” and an average price target of $829.44.
Shares of ASML were down $25.03 during Thursday trading hours, hitting $542.41. The company had a trading volume of 655,708 shares, compared to its average volume of 1,157,394. The company has a leverage ratio of 0.45, a quick ratio of 0.89 and a current ratio of 1 ,34. The stock has a fifty-day moving average of $580.42 and a 200-day moving average of $664.02. The company has a market capitalization of $222.27 billion, a price/earnings ratio of 32.65, a PEG ratio of 1.86 and a beta of 1.21. ASML has a 12-month low of $509.55 and a 12-month high of $895.93.
ASML (NASDAQ:ASML – Get a rating) last released its quarterly results on Wednesday, April 20. The semiconductor company reported EPS of $3.59 for the quarter, beating analyst consensus estimates of $1.89 from $1.70. The company posted revenue of $3.53 billion for the quarter, versus $3.48 billion expected by analysts. ASML had a return on equity of 54.58% and a net margin of 31.56%. The company’s revenues decreased by 19.0% compared to the same quarter last year. In the same period a year earlier, the company earned earnings per share of $3.86. On average, analysts expect ASML to post 17.54 EPS for the current year.
A number of hedge funds have recently changed their holdings in the company. Covestor Ltd bought a new position in ASML in the fourth quarter worth approximately $26,000. Piscataqua Savings Bank increased its equity stake in ASML to 90.9% during the first quarter. Piscataqua Savings Bank now owns 42 shares of the semiconductor company valued at $28,000 after buying 20 more shares during the period. Ancora Advisors LLC increased its holdings of ASML shares by 51.6% during the third quarter. Ancora Advisors LLC now owns 47 shares of the semiconductor company valued at $35,000 after buying 16 additional shares during the period. Rise Advisors LLC purchased a new equity stake in ASML during the fourth quarter worth approximately $47,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of ASML during the first quarter worth approximately $39,000. Hedge funds and other institutional investors own 25.91% of the company’s shares.
ASML Company Profile (Get a rating)
ASML Holding NV develops, produces, markets, sells and services advanced semiconductor equipment systems including lithography, metrology and inspection systems for memory and logic chip manufacturers. The company provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems including immersion and dry lithography solutions to fabricate various ranges of nodes and semiconductor technologies.
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