ASML Holding (NASDAQ:ASML) Given Average Rating of “Moderate Buy” by Analysts

ASML Holding (NASDAQ:ASML) has earned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong 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 $1,018.00.

A number of brokerages recently issued reports on ASML. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Susquehanna reduced their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, Wells Fargo & Company lowered their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday.

Institutional Trading of ASML

A number of large investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV grew its stake in shares of ASML by 4,379.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after buying an additional 870,010 shares during the last quarter. Jennison Associates LLC increased its stake in shares of ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after buying an additional 572,996 shares during the period. Fayez Sarofim & Co purchased a new stake in ASML in the first quarter worth $542,710,000. GQG Partners LLC boosted its holdings in ASML by 21.6% in the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after acquiring an additional 294,784 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its position in ASML by 11,084.1% during the 1st quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock valued at $238,784,000 after purchasing an additional 243,850 shares during the period. Institutional investors own 26.07% of the company’s stock.

ASML Price Performance

Shares of NASDAQ ASML opened at $700.60 on Friday. The stock has a market capitalization of $276.45 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 2.08 and a beta of 1.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. ASML has a fifty-two week low of $573.86 and a fifty-two week high of $1,110.09. The business has a 50-day moving average of $837.18 and a 200-day moving average of $918.35.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $0.14. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $5.37 EPS. As a group, sell-side analysts predict that ASML will post 20.38 earnings per share for the current fiscal year.

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.