ASML (NASDAQ:ASML) Given Neutral Rating at DZ Bank

DZ Bank reiterated their neutral rating on shares of ASML (NASDAQ:ASML) in a report issued on Wednesday,MarketScreener reports.

A number of other brokerages also recently issued reports on ASML. Susquehanna upped their price objective on ASML from $965.00 to $1,150.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Hsbc Global Res upgraded ASML to a “strong-buy” rating in a research report on Monday, October 6th. New Street Research restated a “neutral” rating on shares of ASML in a research report on Monday, October 6th. Bank Degroof downgraded ASML to a “hold” rating in a research report on Friday, October 10th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,001.60.

ASML Price Performance

Shares of ASML stock opened at $1,009.81 on Wednesday. The stock has a 50 day moving average of $852.01 and a 200 day moving average of $768.34. ASML has a 12 month low of $578.51 and a 12 month high of $1,059.00. The firm has a market cap of $397.14 billion, a PE ratio of 42.15, a PEG ratio of 1.66 and a beta of 1.87. 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) last issued its quarterly earnings data 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 company had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $8.72 billion. During the same quarter last year, the company earned $4.01 earnings per share. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, research analysts expect that ASML will post 25.17 EPS for the current fiscal year.

Institutional Investors Weigh In On ASML

Several hedge funds and other institutional investors have recently modified their holdings of ASML. GAMMA Investing LLC raised its holdings in shares of ASML by 6.0% in the first quarter. GAMMA Investing LLC now owns 2,114 shares of the semiconductor company’s stock worth $1,401,000 after buying an additional 119 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in ASML by 2.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company’s stock worth $22,806,000 after purchasing an additional 763 shares during the period. Sowell Financial Services LLC purchased a new position in ASML during the 1st quarter worth $633,000. Grove Bank & Trust increased its holdings in ASML by 25.5% during the 1st quarter. Grove Bank & Trust now owns 261 shares of the semiconductor company’s stock worth $173,000 after purchasing an additional 53 shares during the period. Finally, Inscription Capital LLC purchased a new position in ASML during the 1st quarter worth $144,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

About ASML

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.