ASML (ASML) Cut to Hold at BidaskClub

ASML (NASDAQ:ASML) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

ASML has been the subject of several other reports. Zacks Investment Research downgraded shares of ASML from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. 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 report on Thursday, October 19th. B. Riley upped their price objective on shares of ASML from $162.00 to $166.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. BNP Paribas raised shares of ASML from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 12th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML in a research report on Tuesday, October 3rd. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. ASML presently has a consensus rating of “Buy” and an average target price of $179.71.

ASML (NASDAQ ASML) traded down $2.16 during trading hours on Thursday, hitting $178.55. 831,917 shares of the stock traded hands, compared to its average volume of 936,880. The company has a current ratio of 2.79, a quick ratio of 1.78 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $76,500.00, a P/E ratio of 32.29, a PEG ratio of 1.35 and a beta of 1.14. ASML has a one year low of $112.19 and a one year high of $186.37.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, October 18th. The semiconductor company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.28 by $0.24. The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.22 billion. ASML had a net margin of 23.81% and a return on equity of 19.28%. The firm’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. equities research analysts predict that ASML will post 5.28 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of ASML. Janus Henderson Group PLC bought a new stake in ASML in the 2nd quarter worth about $202,888,000. Winslow Capital Management LLC bought a new stake in ASML in the 2nd quarter worth about $188,068,000. Whale Rock Capital Management LLC bought a new position in shares of ASML during the 3rd quarter valued at approximately $66,938,000. Artisan Partners Limited Partnership grew its position in shares of ASML by 8.7% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,422,603 shares of the semiconductor company’s stock valued at $414,750,000 after acquiring an additional 193,896 shares during the period. Finally, Capital World Investors grew its position in shares of ASML by 0.6% during the 2nd quarter. Capital World Investors now owns 25,172,077 shares of the semiconductor company’s stock valued at $3,280,173,000 after acquiring an additional 153,276 shares during the period. 16.59% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for ASML (NASDAQ:ASML)

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