ASML (NASDAQ:ASML) Raised to Buy at Sanford C. Bernstein

ASML (NASDAQ:ASML) was upgraded by equities researchers at Sanford C. Bernstein to a “buy” rating in a research note issued on Monday,MarketScreener reports.

Several other brokerages have also issued reports on ASML. Bank Degroof lowered ASML to a “hold” rating in a research note on Friday, October 10th. Rothschild Redb upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Arete Research raised shares of ASML to a “strong-buy” rating in a research note on Friday, September 12th. Weiss Ratings raised shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Finally, Barclays reaffirmed a “neutral” rating on shares of ASML in a research note on Wednesday, December 17th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average price target of $1,270.67.

ASML Trading Up 8.8%

ASML opened at $1,163.78 on Monday. ASML has a 1-year low of $578.51 and a 1-year high of $1,172.77. The stock has a market capitalization of $457.69 billion, a PE ratio of 47.37, a PEG ratio of 1.74 and a beta of 1.86. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $1,058.10 and a two-hundred day moving average price of $910.30.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter last year, the business posted $5.28 earnings per share. ASML’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that ASML will post 25.17 earnings per share for the current fiscal year.

Institutional Trading of ASML

Large investors have recently made changes to their positions in the company. Daymark Wealth Partners LLC lifted its holdings in shares of ASML by 25.3% in the 2nd quarter. Daymark Wealth Partners LLC now owns 4,664 shares of the semiconductor company’s stock valued at $3,738,000 after buying an additional 941 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in ASML by 6.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,899 shares of the semiconductor company’s stock valued at $15,153,000 after acquiring an additional 1,225 shares during the period. Acadian Asset Management LLC lifted its holdings in ASML by 97.6% in the first quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company’s stock valued at $101,978,000 after acquiring an additional 76,023 shares during the period. Exchange Traded Concepts LLC boosted its position in ASML by 30.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 13,919 shares of the semiconductor company’s stock worth $13,475,000 after purchasing an additional 3,217 shares in the last quarter. Finally, ST Germain D J Co. Inc. grew its stake in shares of ASML by 3.8% during the 3rd quarter. ST Germain D J Co. Inc. now owns 31,851 shares of the semiconductor company’s stock worth $30,835,000 after purchasing an additional 1,171 shares during the period. Institutional investors own 26.07% of the company’s stock.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.