ASML (NASDAQ:ASML) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

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 equities research analysts have also weighed in on ASML. Wells Fargo & Co began coverage on shares of ASML in a report on Wednesday, June 19th. They issued an “outperform” rating and a $230.00 price objective on the stock. Morgan Stanley started coverage on shares of ASML in a research note on Wednesday, June 19th. They set an “overweight” rating for the company. Societe Generale began coverage on ASML in a research report on Monday, July 8th. They set a “buy” rating for the company. ValuEngine raised ASML from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of ASML in a research report on Tuesday, July 16th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $204.80.

ASML stock traded up $0.34 during mid-day trading on Tuesday, hitting $241.67. 715,518 shares of the company were exchanged, compared to its average volume of 668,188. ASML has a 12-month low of $144.50 and a 12-month high of $242.32. The firm has a market capitalization of $100.47 billion, a P/E ratio of 33.66, a PEG ratio of 2.44 and a beta of 1.23. The business has a fifty day simple moving average of $221.50 and a 200-day simple moving average of $203.53. The company has a quick ratio of 1.62, a current ratio of 2.68 and a debt-to-equity ratio of 0.27.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, July 17th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.18. ASML had a return on equity of 21.30% and a net margin of 23.08%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the company earned $1.37 earnings per share. Research analysts predict that ASML will post 6.8 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASML. FMR LLC increased its position in shares of ASML by 37.2% in the 1st quarter. FMR LLC now owns 4,484,787 shares of the semiconductor company’s stock worth $843,365,000 after purchasing an additional 1,215,606 shares during the last quarter. Investec Asset Management LTD boosted its holdings in shares of ASML by 2,442.3% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the semiconductor company’s stock valued at $5,304,000 after acquiring an additional 622,998 shares during the last quarter. Cambiar Investors LLC bought a new stake in ASML in the 1st quarter worth approximately $88,605,000. Bessemer Group Inc. increased its position in ASML by 2,755.4% during the second quarter. Bessemer Group Inc. now owns 409,750 shares of the semiconductor company’s stock valued at $85,200,000 after acquiring an additional 395,400 shares during the last quarter. Finally, WCM Investment Management LLC increased its position in ASML by 13.5% during the first quarter. WCM Investment Management LLC now owns 3,117,183 shares of the semiconductor company’s stock valued at $586,186,000 after acquiring an additional 370,629 shares during the last quarter. Institutional investors own 16.97% of the company’s stock.

About ASML

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 Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.

Read More: Support Level

Get a free copy of the Zacks research report on ASML (ASML)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for ASML (NASDAQ:ASML)

Receive News & Ratings for ASML Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASML and related companies with MarketBeat.com's FREE daily email newsletter.