Morningstar Downgrades ASML (NASDAQ:ASML) to Sell

ASML (NASDAQ:ASML) was downgraded by stock analysts at Morningstar to a “sell” rating in a note issued to investors on Wednesday,MarketScreener reports.

A number of other research firms also recently weighed in on ASML. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. UBS Group reiterated a “buy” rating on shares of ASML in a research report on Wednesday, May 20th. Royal Bank Of Canada lifted their price target on shares of ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Susquehanna restated a “positive” rating on shares of ASML in a report on Thursday, April 9th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML in a report on Friday, May 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,504.38.

ASML Stock Performance

Shares of ASML stock traded up $5.54 during trading hours on Wednesday, reaching $1,603.41. The company had a trading volume of 292,478 shares, compared to its average volume of 1,805,413. The firm has a market cap of $630.59 billion, a PE ratio of 57.45, a price-to-earnings-growth ratio of 1.34 and a beta of 1.81. ASML has a one year low of $683.48 and a one year high of $1,653.53. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The business has a fifty day simple moving average of $1,448.93 and a 200 day simple moving average of $1,311.69.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The company had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. On average, analysts anticipate that ASML will post 37.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ASML. Cornerstone Financial Management LLC purchased a new position in shares of ASML during the 4th quarter worth $26,000. Portus Wealth Advisors LLC bought a new position in ASML in the 1st quarter worth $32,000. Resources Management Corp CT ADV raised its holdings in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 23 shares during the period. North Star Investment Management Corp. lifted its position in ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc bought a new stake in ASML during the fourth quarter valued at about $30,000. Hedge funds and other 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.