ASML Holding N.V. (ASML) Earns “Buy” Rating from Bank of America Corporation
Bank of America Corporation restated their buy rating on shares of ASML Holding N.V. (NASDAQ:ASML) in a research note issued to investors on Tuesday morning. Bank of America Corporation currently has a $210.00 price objective on the semiconductor company’s stock.
Other equities research analysts also recently issued reports about the company. B. Riley reaffirmed a neutral rating and set a $122.00 price target on shares of ASML Holding N.V. in a research report on Monday, July 17th. Royal Bank Of Canada increased their price target on ASML Holding N.V. from $135.00 to $155.00 and gave the stock a sector perform rating in a research report on Thursday, July 20th. Sanford C. Bernstein reaffirmed a buy rating on shares of ASML Holding N.V. in a research report on Wednesday, June 7th. Susquehanna Bancshares Inc raised ASML Holding N.V. from a neutral rating to a positive rating and increased their price target for the stock from $130.00 to $190.00 in a research report on Monday, September 18th. Finally, J P Morgan Chase & Co reaffirmed a buy rating on shares of ASML Holding N.V. in a research report on Tuesday. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of $182.00.
ASML Holding N.V. (NASDAQ:ASML) traded up 0.55% during mid-day trading on Tuesday, hitting $169.44. The company’s stock had a trading volume of 1,224,152 shares. The firm’s 50-day moving average is $161.51 and its 200-day moving average is $143.02. ASML Holding N.V. has a 12-month low of $98.71 and a 12-month high of $171.76.
ASML Holding N.V. (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, July 19th. The semiconductor company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.02. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.99 billion. ASML Holding N.V. had a return on equity of 18.48% and a net margin of 23.69%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period last year, the firm earned $0.83 EPS. Analysts predict that ASML Holding N.V. will post $4.95 earnings per share for the current year.
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ASML Holding N.V. declared that its Board of Directors has authorized a share buyback plan on Wednesday, July 19th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in ASML Holding N.V. by 8.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 86 shares in the last quarter. FNY Managed Accounts LLC purchased a new position in ASML Holding N.V. in the 1st quarter valued at about $199,000. Sit Investment Associates Inc. lifted its stake in ASML Holding N.V. by 53.4% in the 2nd quarter. Sit Investment Associates Inc. now owns 1,726 shares of the semiconductor company’s stock valued at $225,000 after buying an additional 601 shares in the last quarter. American Trust Investment Advisors LLC purchased a new position in ASML Holding N.V. in the 2nd quarter valued at about $229,000. Finally, Cim Investment Mangement Inc. purchased a new position in ASML Holding N.V. in the 1st quarter valued at about $234,000. 16.08% of the stock is currently owned by hedge funds and other institutional investors.
About ASML Holding N.V.
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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