ASML Holding N.V. (ASML) Receives Average Rating of “Buy” from Analysts
ASML Holding N.V. (NASDAQ:ASML) has been given a consensus rating of “Buy” by the twenty analysts that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $158.00.
Several brokerages have recently issued reports on ASML. B. Riley reaffirmed a “neutral” rating and issued a $122.00 target price on shares of ASML Holding N.V. in a report on Thursday, April 20th. Royal Bank Of Canada boosted their price objective on ASML Holding N.V. from $135.00 to $155.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 20th. Zacks Investment Research cut ASML Holding N.V. from a “buy” rating to a “hold” rating in a research note on Monday, June 26th. Sanford C. Bernstein reissued a “buy” rating on shares of ASML Holding N.V. in a research note on Wednesday, June 7th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of ASML Holding N.V. in a research note on Wednesday, May 31st.
ASML Holding N.V. (ASML) traded up 0.55% during trading on Friday, hitting $151.01. The stock had a trading volume of 271,387 shares. ASML Holding N.V. has a 52-week low of $98.71 and a 52-week high of $155.73. The firm has a market cap of $65.01 billion, a P/E ratio of 29.06 and a beta of 1.09. The company has a 50-day moving average of $143.23 and a 200 day moving average of $132.57.
ASML Holding N.V. (NASDAQ:ASML) last issued its earnings results on Wednesday, July 19th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.02. ASML Holding N.V. had a return on equity of 18.48% and a net margin of 23.69%. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The business’s revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts predict that ASML Holding N.V. will post $4.93 earnings per share for the current fiscal year.
ASML Holding N.V. declared that its Board of Directors has initiated a stock buyback plan on Wednesday, July 19th that allows the company to buyback shares. This buyback authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. raised its position in shares of ASML Holding N.V. by 15.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,213 shares of the semiconductor company’s stock valued at $427,000 after buying an additional 424 shares during the period. Anderson Hoagland & Co. raised its position in shares of ASML Holding N.V. by 27.8% in the first quarter. Anderson Hoagland & Co. now owns 9,185 shares of the semiconductor company’s stock valued at $1,220,000 after buying an additional 2,000 shares during the period. Dimensional Fund Advisors LP raised its position in shares of ASML Holding N.V. by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 122,392 shares of the semiconductor company’s stock valued at $13,732,000 after buying an additional 1,633 shares during the period. Reilly Financial Advisors LLC acquired a new position in shares of ASML Holding N.V. during the first quarter valued at about $950,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of ASML Holding N.V. during the first quarter valued at about $1,504,000. Institutional investors and hedge funds own 16.78% of the company’s stock.
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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