ASML (ASML) Upgraded to Buy by BidaskClub
BidaskClub upgraded shares of ASML (NASDAQ:ASML) from a hold rating to a buy rating in a report published on Friday.
A number of other equities analysts also recently commented on the stock. Zacks Investment Research upgraded shares of ASML from a sell rating to a hold rating and set a $201.00 price objective for the company in a research report on Tuesday. B. Riley upped their price objective on shares of ASML from $162.00 to $166.00 and gave the stock a neutral rating in a research report on Thursday, October 19th. Credit Suisse Group upped their price objective on shares of ASML from $140.00 to $152.00 and gave the stock a neutral rating in a research report on Thursday, October 19th. BNP Paribas upgraded shares of ASML from a neutral rating to an outperform rating in a research report on Thursday, October 12th. Finally, Bank of America restated a buy rating and set a $210.00 price objective on shares of ASML in a research report on Tuesday, October 3rd. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $179.71.
Shares of ASML (NASDAQ ASML) opened at $182.87 on Friday. The company has a market cap of $77,711.84, a price-to-earnings ratio of 36.21, a P/E/G ratio of 1.34 and a beta of 1.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.79 and a quick ratio of 1.78. ASML has a 12-month low of $110.30 and a 12-month high of $186.37.
ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, October 18th. The semiconductor company reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.24. The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.22 billion. ASML had a net margin of 23.81% and a return on equity of 19.28%. ASML’s quarterly revenue was up 34.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. equities analysts forecast that ASML will post 5.28 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital World Investors increased its holdings in shares of ASML by 0.6% in the 2nd quarter. Capital World Investors now owns 25,172,077 shares of the semiconductor company’s stock valued at $3,280,173,000 after purchasing an additional 153,276 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of ASML by 8.7% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,422,603 shares of the semiconductor company’s stock valued at $414,750,000 after purchasing an additional 193,896 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of ASML by 3.5% in the 3rd quarter. Fisher Asset Management LLC now owns 2,018,226 shares of the semiconductor company’s stock valued at $345,520,000 after purchasing an additional 67,528 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of ASML by 18.1% in the 3rd quarter. Janus Henderson Group PLC now owns 1,839,320 shares of the semiconductor company’s stock valued at $314,892,000 after purchasing an additional 282,357 shares in the last quarter. Finally, Winslow Capital Management LLC purchased a new position in shares of ASML in the 2nd quarter valued at about $188,068,000. Institutional investors and hedge funds own 16.59% of the company’s stock.
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ASML Company Profile
ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.
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