ASML (NASDAQ:ASML) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of ASML (NASDAQ:ASML) from a hold rating to a sell rating in a research report released on Tuesday morning, Zacks.com reports.

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 manufacturing complex integrated circuits. ASML designs, develops, integrates, markets and services advanced systems used by customers the major global semiconductor manufacturers to create chips that power a wide array of electronic, communications and information technology products. “

A number of other equities research analysts have also issued reports on ASML. ABN Amro initiated coverage on shares of ASML in a report on Monday, July 29th. They set a hold rating on the stock. ValuEngine upgraded shares of ASML from a hold rating to a buy rating in a report on Tuesday, July 2nd. Santander lowered shares of ASML from a buy rating to a hold rating in a report on Monday, July 15th. BidaskClub upgraded shares of ASML from a hold rating to a buy rating in a report on Wednesday, July 24th. Finally, New Street Research lowered shares of ASML from a buy rating to a neutral rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $204.80.

Shares of ASML stock opened at $212.85 on Tuesday. The firm’s 50 day moving average price is $217.11 and its 200-day moving average price is $199.02. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 2.68. ASML has a one year low of $144.50 and a one year high of $234.50. The firm has a market cap of $87.90 billion, a P/E ratio of 31.25, a P/E/G ratio of 2.14 and a beta of 1.22.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.09 by $0.18. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.57 billion. ASML had a net margin of 23.08% and a return on equity of 21.30%. During the same period in the prior year, the business posted $1.37 EPS. As a group, research analysts predict that ASML will post 6.8 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Next Capital Management LLC acquired a new stake in shares of ASML in the 2nd quarter valued at $32,000. Destination Wealth Management raised its holdings in shares of ASML by 1,066.7% in the 1st quarter. Destination Wealth Management now owns 175 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 160 shares in the last quarter. Liberty Wealth Management LLC raised its holdings in shares of ASML by 461.3% in the 2nd quarter. Liberty Wealth Management LLC now owns 174 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 143 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of ASML by 115.0% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 215 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 115 shares in the last quarter. Finally, Manchester Financial Inc. acquired a new stake in shares of ASML in the 2nd quarter valued at $42,000. Institutional investors and hedge funds own 17.15% of the company’s stock.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.

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