ASML (NASDAQ:ASML) Earns Buy Rating from UBS Group

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reaffirmed by research analysts at UBS Group in a report issued on Thursday,MarketScreener reports.

Other research analysts also recently issued research reports about the stock. Erste Group Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. Bank of America upped their price objective on ASML from $1,092.00 to $1,331.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. HSBC reiterated a “buy” rating on shares of ASML in a research note on Friday, October 17th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research report on Friday, October 10th. Finally, Susquehanna increased their target price on shares of ASML from $965.00 to $1,150.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,171.83.

ASML Stock Down 0.6%

Shares of ASML stock opened at $1,112.96 on Thursday. ASML has a 1 year low of $578.51 and a 1 year high of $1,141.72. The firm has a market cap of $437.71 billion, a price-to-earnings ratio of 45.26, a PEG ratio of 1.72 and a beta of 1.87. The company has a 50-day moving average of $1,037.10 and a 200 day moving average of $871.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The business had revenue of $8.80 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the prior year, the company earned $5.28 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that ASML will post 25.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ASML

Institutional investors and hedge funds have recently modified their holdings of the stock. Daymark Wealth Partners LLC increased its stake in ASML by 25.3% during the second quarter. Daymark Wealth Partners LLC now owns 4,664 shares of the semiconductor company’s stock worth $3,738,000 after acquiring an additional 941 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of ASML by 6.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,899 shares of the semiconductor company’s stock worth $15,153,000 after buying an additional 1,225 shares during the period. Acadian Asset Management LLC lifted its stake in shares of ASML by 97.6% during the 1st quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company’s stock worth $101,978,000 after acquiring an additional 76,023 shares during the last quarter. Soltis Investment Advisors LLC boosted its holdings in ASML by 67.9% during the 2nd quarter. Soltis Investment Advisors LLC now owns 4,199 shares of the semiconductor company’s stock valued at $3,365,000 after acquiring an additional 1,698 shares during the period. Finally, Prospera Financial Services Inc grew its position in ASML by 115.9% in the 2nd quarter. Prospera Financial Services Inc now owns 5,144 shares of the semiconductor company’s stock valued at $4,125,000 after acquiring an additional 2,761 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.