Zacks Investment Research upgraded shares of ASML (NASDAQ:ASML) from a sell rating to a hold rating in a research note released on Tuesday morning. The brokerage currently has $201.00 target price on the semiconductor company’s stock.
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. “
Several other brokerages have also recently weighed in on ASML. B. Riley reaffirmed a neutral rating and set a $166.00 price objective (up from $162.00) on shares of ASML in a research note on Monday, October 16th. BNP Paribas raised shares of ASML from a neutral rating to an outperform rating in a research note on Thursday, October 12th. Credit Suisse Group upped their price objective on shares of ASML from $140.00 to $152.00 and gave the stock a neutral rating in a research note on Thursday, October 19th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of ASML in a research note on Tuesday, October 3rd. Finally, Royal Bank of Canada reaffirmed a hold rating and set a $155.00 price objective on shares of ASML in a research note on Tuesday, October 3rd. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. ASML currently has an average rating of Buy and an average price target of $179.71.
ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, October 18th. The semiconductor company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.24. ASML had a net margin of 23.81% and a return on equity of 19.28%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the business posted $0.93 earnings per share. The company’s quarterly revenue was up 34.8% compared to the same quarter last year. analysts expect that ASML will post 5.28 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ASML. Massey Quick Simon & CO. LLC bought a new stake in shares of ASML during the third quarter valued at approximately $108,000. Northeast Investment Management bought a new stake in shares of ASML during the third quarter valued at approximately $209,000. Adviser Investments LLC bought a new stake in shares of ASML during the third quarter valued at approximately $229,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of ASML during the second quarter valued at approximately $265,000. Finally, Legal & General Group Plc bought a new stake in shares of ASML during the third quarter valued at approximately $283,000. 16.59% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “ASML (ASML) Upgraded to Hold by Zacks Investment Research” was reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.com-unik.info/2018/01/06/asml-asml-upgraded-to-hold-by-zacks-investment-research.html.
ASML Company Profile
ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about ASML? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for ASML and related companies.