Zacks Investment Research downgraded shares of ASML (NASDAQ:ASML) from a hold rating to a sell rating in a research report report published on Tuesday.

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 analysts have also recently weighed in on the stock. Santander raised shares of ASML from a hold rating to a buy rating in a report on Wednesday, October 31st. Susquehanna Bancshares reaffirmed a neutral rating and issued a $200.00 price objective (down previously from $240.00) on shares of ASML in a report on Tuesday, October 23rd. UBS Group cut shares of ASML from a positive rating to a neutral rating in a report on Tuesday, October 23rd. B. Riley increased their price objective on shares of ASML from $170.00 to $190.00 and gave the stock a neutral rating in a report on Thursday, October 18th. Finally, BidaskClub raised shares of ASML from a sell rating to a hold rating in a report on Thursday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. ASML has an average rating of Hold and an average target price of $210.80.

Shares of NASDAQ:ASML traded down $1.63 on Tuesday, reaching $160.98. 5,503 shares of the company’s stock were exchanged, compared to its average volume of 808,107. The stock has a market capitalization of $69.49 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 0.92 and a beta of 1.13. ASML has a fifty-two week low of $144.50 and a fifty-two week high of $221.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.84 and a current ratio of 2.80.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, October 17th. The semiconductor company reported $1.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.04). The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.29 billion. ASML had a return on equity of 23.22% and a net margin of 24.28%. Sell-side analysts expect that ASML will post 6.99 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Moody National Bank Trust Division bought a new position in ASML in the 4th quarter valued at about $63,000. Belpointe Asset Management LLC bought a new position in ASML in the 3rd quarter valued at about $175,000. Signaturefd LLC grew its position in ASML by 50.1% in the 2nd quarter. Signaturefd LLC now owns 1,142 shares of the semiconductor company’s stock valued at $226,000 after buying an additional 381 shares in the last quarter. BSW Wealth Partners bought a new position in ASML in the 3rd quarter valued at about $260,000. Finally, Brown Advisory Inc. grew its position in ASML by 30.7% in the 2nd quarter. Brown Advisory Inc. now owns 1,459 shares of the semiconductor company’s stock valued at $290,000 after buying an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 15.52% 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 three categories of products, including DUV lithography, EUV lithography, and Holistic lithography solutions.

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