ASML Holding (NASDAQ:ASML) Given Average Recommendation of “Buy” by Brokerages

ASML Holding (NASDAQ:ASML) has received a consensus recommendation of “Buy” from the nineteen research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $847.33.

A number of equities analysts have recently issued reports on ASML shares. Berenberg Bank restated a “buy” rating on shares of ASML in a research note on Wednesday, September 8th. Citigroup reaffirmed a “buy” rating on shares of ASML in a report on Thursday, July 22nd. Barclays reaffirmed an “overweight” rating on shares of ASML in a report on Thursday, July 22nd. Wells Fargo & Company upped their target price on shares of ASML from $800.00 to $975.00 and gave the stock an “overweight” rating in a report on Wednesday, September 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a report on Friday.

NASDAQ:ASML traded down $10.96 during trading hours on Friday, hitting $868.82. 510,720 shares of the company traded hands, compared to its average volume of 841,641. The stock has a market capitalization of $356.02 billion, a price-to-earnings ratio of 63.37, a P/E/G ratio of 1.60 and a beta of 1.05. ASML has a twelve month low of $351.09 and a twelve month high of $895.93. The firm has a 50-day moving average of $808.46 and a 200 day moving average of $704.22. The company has a current ratio of 1.91, a quick ratio of 1.33 and a debt-to-equity ratio of 0.38.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Tuesday, July 20th. The semiconductor company reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.11. ASML had a net margin of 28.82% and a return on equity of 36.29%. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the company posted $1.79 EPS. The business’s revenue was up 20.9% on a year-over-year basis. Equities research analysts predict that ASML will post 16.04 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in shares of ASML by 0.8% in the 2nd quarter. Bank of America Corp DE now owns 1,449,061 shares of the semiconductor company’s stock valued at $1,001,070,000 after purchasing an additional 11,780 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of ASML by 5.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 516,445 shares of the semiconductor company’s stock valued at $356,781,000 after purchasing an additional 28,097 shares during the last quarter. GoalVest Advisory LLC raised its position in shares of ASML by 4.5% in the 2nd quarter. GoalVest Advisory LLC now owns 1,860 shares of the semiconductor company’s stock valued at $1,285,000 after acquiring an additional 80 shares during the period. Veracity Capital LLC raised its position in shares of ASML by 28.9% in the 2nd quarter. Veracity Capital LLC now owns 736 shares of the semiconductor company’s stock valued at $509,000 after acquiring an additional 165 shares during the period. Finally, Lake Street Advisors Group LLC raised its position in shares of ASML by 4.0% in the 2nd quarter. Lake Street Advisors Group LLC now owns 1,947 shares of the semiconductor company’s stock valued at $1,521,000 after acquiring an additional 74 shares during the period. 18.18% of the stock is currently owned by hedge funds and other institutional investors.

About ASML

ASML Holding NV engages in the development, production, marketing, sale and servicing of advanced semiconductor equipment, consisting of lithography related systems. It mainly caters the makers of memory chips and logic chips. The company was founded on April 1, 1984 and is headquartered in Veldhoven, the Netherlands.

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Analyst Recommendations for ASML (NASDAQ:ASML)

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